Daily Wrap Up - Oct 28

Yahoo's Comeback; Wary on Health Reform; Home Buyer Perks

Yahoo begins journey back to respect: CEO

Yahoo Inc said it has fixed various shortcomings that have plagued the Internet company in recent years and touted its large online audience and ties to advertisers as keys to its comeback. Read Full Article here.

Big U.S companies balk at healthcare public option

Some of the nation's largest companies pushed back against U.S. Democrats' plans to deliver a government-run insurance option in a healthcare overhaul, decrying it as a step backward that would drive up costs for employers and their workers. Read Full Article here.

Home credit extension widely supported in Senate

The U.S. Senate's top Democrat and top Republican each voiced support on Wednesday for extending a soon-to-expire $8,000 tax credit for homebuyers, but left unclear when the chamber would act. Read Full Article here.

Microsoft seen as Diller's best bet for Ask.com

Microsoft Corp is viewed as the most likely buyer or partner for IAC/InterActiveCorp's Ask.com if CEO Barry Diller decides to throw in the towel on the struggling search engine. Read Full Article here.

Blackstone in talks to cut Hilton debt: source

Private equity firm Blackstone Group is talking to lenders about cutting up to $5 billion of debt held by its Hilton Hotels chain, a source familiar with the situation said on Wednesday. Read Full Article here.

Pfizer awards bonuses to execs for Wyeth deal

Pfizer Inc awarded two top executives cash and stock bonuses for their roles in carrying through the recently completed $67.3 billion deal for U.S. rival Wyeth, the company said on Wednesday. Read Full Article here.

U.S. pay czar: reworking 2010 AIG bonuses a priority

The Obama administration's pay czar said on Wednesday that renegotiating guaranteed bonus contracts at American International Group's AIG Financial Products unit was a top priority for him in 2010. Read Full Article here.

American Airlines, US Airways plan job cuts

American Airlines parent AMR Corp and US Airways Group said they would cut jobs and tweak their operations to better match the travel market, which struggles to recover from the economic recession. Read Full Article here.

New home sales drop, durable goods orders up

Sales of new U.S. homes unexpectedly tumbled in September, their first drop in six months, underscoring the hazards to an economic recovery even as businesses appeared to be stepping up investment. Read Full Article here.