The Ticker

Yahoo to close Maynard's AltaVista search engine

Yahoo is shuttering a dozen of its products and services, including the once-popular search engine AltaVista.
AltaVista was one of the Web's earliest search engines, having launched in 1995 in Maynard, but it lost ground to then-chief rival Yahoo and later Google after the burst of the dotcom bubble.
Yahoo bought AltaVista when purchasing the search engine's parent company, Overture.
AltaVista is slated to be closed on July 8.

Onyx rejects Amgen's buyout bid

Onyx Pharmaceuticals said yesterday it rejected an unsolicited takeover bid from Amgen for $120 per share, saying the offer "significantly undervalued" the company. Onyx also said that other companies have expressed interest in a buyout, and that its board authorized its financial adviser, Centerview Partners, to contact potential suitors. The company's Nexavar, which treats liver and kidney cancer, is approved in more than 100 countries, and injection medication Kyprolis is used as a treatment for multiple myeloma.

TODAY

• Institute for Supply Management releases its manufacturing index for June.
• Commerce Department releases construction spending for May.

TOMORROW

• Commerce Department releases factory orders for May.
• Automakers release vehicle sales for June.

WEDNESDAY

• Labor Department releases weekly jobless claims.
• Freddie Mac releases weekly mortgage rates
• Institute for Supply Management releases its service sector index for June.

THURSDAY

• U.S. stock and bond market is closed for Independence Day.
• European Central Bank's governing council meets to set monetary policy for the eurozone.

FRIDAY

• Labor Department releases June employment data.

Coldwell Banker Residential Brokerage in New England has announced that Katherine McKnight has been appointed sales manager of the company's Salem office. McKnight will be responsible for the day-to-day sales and operations of approximately 20 sales associates serving Salem, Danvers, Peabody and the surrounding North Shore communities.

Fenway Sports Management, the sports marketing agency of Fenway Sports Group, announced that Jennifer Flynn has been named general counsel. She will continue to serve the Boston Red Sox as senior vice president and assistant general counsel. Flynn will oversee FSM's strategic legal initiatives.

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