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SAN FRANCISCO (Reuters) - Yahoo Inc`s board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer`s largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr because its younger user base would bolster the older website`s `cool factor,` the technology blog AllThingsD cited the sources as saying. ...
Sunday, May 19, 2013 22:18 |
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CAMARILLO, Calif. (AP) The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.
Sunday, May 19, 2013 21:38 |
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Board of directors has approved $1.1 billion cash purchase, `Wall Street Journal` reports.
Sunday, May 19, 2013 17:58 |
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SAN FRANCISCO (Reuters) - Yahoo Inc`s board will meet on Sunday to vote on whether to offer $1.1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday. Such an acquisition would be CEO Marissa Mayer`s largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on Tumblr because its younger user base would enhance the older website`s `cool factor,` the technology blog cited the sources as saying. The news could be announced as soon as Monday, it said. ...
Saturday, May 18, 2013 02:18 |
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Officials called the explosions in the restive Khyber-Pakhtunkhwa Province the first major terrorist attack since the general election.
Friday, May 17, 2013 20:18 |
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WASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama`s 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion lower over the coming decade, CBO said on Friday. The non-partisan congressional budget referee agency said that due to proposed spending increases, Obama`s budget proposal would lead to a $669 billion deficit for fiscal 2013 and a $675 billion deficit for fiscal 2014 year starting October 1. ...
Friday, May 17, 2013 20:14 |
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WASHINGTON (Reuters) - Near-term deficits under President Barack Obama`s latest budget plan would be higher than the most recent estimates by the Congressional Budget Office, but $1.1 trillion lower over the coming decade, CBO said on Friday. The non-partisan congressional budget referee agency said enactment of Obama`s budget proposal would lead to a $669 billion deficit for fiscal 2013, $29 billion higher than CBO estimates based on current tax and spending laws. ...
Friday, May 17, 2013 19:44 |
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By Nate Raymond NEW YORK (Reuters) - SunTrust Banks Inc won a court order on Friday preventing a Connecticut-based hedge fund from moving forward with a $13 million arbitration over mortgage-backed securities. The ruling by District Judge Naomi Reice Buchwald in Manhattan blocks Turnberry Capital Management LP from pursuing a securities arbitration before the Financial Industry Regulatory Authority. ...
Friday, May 17, 2013 19:44 |
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Bombs exploded outside two mosques on Friday, underlining the challenge of militant violence facing a new government led by Nawaz Sharif set to take power.
Friday, May 17, 2013 15:25 |
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PESHAWAR, Pakistan (AP) Bombs exploded outside two mosques in a village in northwestern Pakistan on Friday, killing at least 13 people, underlining the challenge of militant violence facing a new government led by Nawaz Sharif set to take power.
Friday, May 17, 2013 11:52 |
