Yahoo Yanks Pedophile Chat After Ads Get Yanked

SEO pioneer Yahoo pulled personal chat rooms from their instant messaging service after advertisers like Pepsi and Georgia Pacific pulled their ads from Yahoo's IM service. A TV report in Texas revealed room names with title that didn't leave much to the imagination.

Citigroup and Legg Mason Make A Deal

Citigroup and Legg Mason are doing a little trading of assets. Legg Mason will get Citigroup's Asset Management business, and Citigroup in return will get Legg Mason's broker-dealer business.

CNOOC And Chevron Battle For Unocal

The Chinese National Offshore Oil Company (CNOOC) and Chevron battle for the Unocal oil company. Chevron thought they had a done deal back in April when they made an offer of $61.24 a share or roughly $16.1 billion in cash and stocks. This week CNOOC made a solid offer of $18.5 billion in cool cash but if Unocal does decide to entertain CNOOC's offer, whoa…