Monday May 20, 2013



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Yahoo buys blogging forum Tumblr for $1.1 billion in boldest move yet under CEO Mayer

SAN FRANCISCO - Yahoo's CEO is making a $1.1 billion bet on the online blogging forum Tumblr as Marissa Mayer tries to make a former Internet icon cool again....

posted: May 20,2013





National Business

Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds

WASHINGTON - The world's most valuable company, Apple Inc., employs a group of affiliate companies located in Ireland to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found — and its CEO will be...

posted: May 20,2013

Actavis buying Warner Chilcott in all-stock transaction valued at about $8.5 billion

NEW YORK, N.Y. - Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market....

posted: May 20,2013

United Airlines resumes 787 flights after 4-month halt, with flight from Houston to Chicago

United Airlines put its 787 back in the air on Monday, with both the airline and Boeing hoping to put the plane's four-month grounding behind them....

posted: May 20,2013

Small company stocks take limelight as Russell 2000 index climbs above 1,000 for first time

NEW YORK, N.Y. - Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street....

posted: May 20,2013

Wheat and soybean futures rise on the CBOT; beef and pork prices also rise

CHICAGO - Grains futures were mixed Monday on the Chicago Board of Trade....

posted: May 20,2013

Wall Street heads higher, led by small-company stocks; Russell index crosses 1,000

NEW YORK, N.Y. - The stock market is edging higher in midday trading, led by small-company shares....

posted: May 20,2013


Chesapeake appoints Anadarko Petroleum's Robert Douglas Lawler as its new CEO

posted: May 20,2013

Oil hovers around $97 per barrel but gains muted ahead of Fed minutes

posted: May 20,2013

Asian stock markets struggle to post gains as traders await signals from Federal Reserve

posted: May 20,2013

4 more bodies recovered, bringing death toll from collapse at US-owned Indonesian mine to 21

posted: May 20,2013

AP source: Treasury told White House IRS planned to disclose targeting of political groups

posted: May 20,2013

US Treasury secretary says he has begun tapping federal retiree pension fund to avoid default

posted: May 20,2013

Attendance at Hawaii pension conference is down amid criticism that destination isn't prudent

posted: May 20,2013

Judge tosses obstruction charge against ex-BP executive accused of concealing Gulf spill data

posted: May 20,2013

When is it OK for wunderkinds to drop out of school? (Hey, it worked for Tumblr's founder!)

posted: May 20,2013

Warren Buffett plays salesman-in-chief for Berkshire Hathaway while selling Dairy Queen treats

posted: May 20,2013

Yahoo redesigns Flickr to make photos bigger, more central, offers 1 terabyte of free storage

posted: May 20,2013

License suspended for Louisiana company accused of improperly storing explosives

posted: May 20,2013

Young entrepreneurs pitch ideas to investor Warren Buffett, win prizes for their businesses

posted: May 20,2013

Under Mayer: Boosting mobile, redesigning the Web page, buying companies as stock gains

posted: May 20,2013

Outdoors retailer LL Bean keeps it in the family in naming new chairman

posted: May 20,2013




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