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  Microsoft 'moved on' from Yahoo
Time: 06:48 EST/11:48 GMT | News Source: Chicago Tribune | Posted By: Kenneth van Surksum

Yahoo Inc. shares dropped below $10 after Microsoft Corp. Chief Executive Steve Ballmer squelched speculation that he would revive takeover talks.

"We've moved on," Ballmer said at a shareholder meeting in Bellevue, Wash. He reiterated that a partnership between Microsoft and Yahoo in the Internet-search market is "an interesting possibility." There are currently no talks about such an agreement, he said.

Yahoo tumbled 21 percent, to $9.14. The stock is down 61 percent this year. Jerry Yang's decision to step down as CEO sent shares up 12 percent Tuesday as investors bet that Microsoft would reopen talks.
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