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The Top News
2:44 PM - Monday, May 20, 2013
4 hour ago
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MarketWatch.com
Internet pioneer to pay $1.1 billion for popular blogging-service provider.
RELATED STORIES:
- Tumblr Deal Gives Yahoo Mobile Boost - CNBC
- Yahoo! And Tumblr: An Argument Waiting To Happen - forbes.com / Karsten Strauss
- Yahoo! 'Really' Only Paid $262 Million For Tumblr - forbes.com / Eric Jackson
4 hour ago
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WSJ.com
GrubHub and Seamless, two tech startups that make it easier to order takeout food from restaurants, are merging, although they will remain separate brands.
5 hour ago
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on The Huffington Post
* Bank accused of steering 401(k) business to win extra fees * Morgan Stanley declines comment; ING denies wrongdoing May 20 (Reuters) - Morgan Stanley has been sued by an Alabama medical laboratory that claims it . . .
RELATED STORIES:
2 hour ago
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money.cnn.com
Apple executives including CEO Tim Cook are due to appear before a Senate subcommittee on Tuesday, as lawmaker study how multinationals keep profits offshore for tax purposes.
5 hour ago
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CNBC
The White House said it was told on April 24 about the preliminary findings that IRS targets conservative groups.
3 hour ago
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FOXBusiness.com
SIFMA, the U.S. securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and U.S. Congress.
9 hour ago
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WSJ.com
Actavis agreed to acquire Warner Chilcott for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specialty pharmaceutical brands and shrinking its tax burden.
6 hour ago
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news /
Now we know why FirstGroup chief executive Tim O'Toole was ready to pay such an "insane" amount of money to run the West Coast rail franchise.
5 hour ago
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Yahoo! News: Business News
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.
3 hour ago
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Washington Post /
Apple used an elaborate overseas accounting scheme to avoid taxes on at least $74 billion in profits between 2009 and 2012, a Senate investigation said Monday. The Silicon Valley giant formed two subsidiaries based in Ireland but they had no em . . .
3 hour ago
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WSJ.com
Jewelry dealer Bryan Shaw pleaded guilty Monday to conspiring to commit securities fraud with former KPMG auditor Scott London, a felony that could land him in prison for up to five years.
3 hour ago
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on The Huffington Post
At least one tornado touched down near Oklahoma City on Monday, only one day after a tornado killed two in Shawnee.
The National Weather Service issued a tornado emergency, which CNN reports as a rare occurrence.
According to a tweet from . . .
4 hour ago
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MarketWatch.com
The dollar fell on Monday, but still traded at nearly five-year highs against the Japanese yen, as a Federal Reserve president said more time is needed to assess labor-market progress.
3 hour ago
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MarketWatch.com
U.S. stocks handed back gains after setting new record highs following comments from Chicago Fed President Evans with Yahoo Inc.’s acquisition of Tumblr and other deal news dominating investor attention.
3 hour ago
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WSJ.com
HSBC said that John Thornton, a director who played a pivotal role in a 2010 power struggle at the bank, will step down this month to spend more time on other business interests.
7 hour ago
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news
The UK's leading index rose on Monday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs.
4 hour ago
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from Seeking Alpha
By Trefis:
As expected, Wal-Mart's (WMT) Q1 fiscal 2014 results were disappointing as its U.S. comparable store sales (CSS) declined by 1.4%. This can be mainly attributed to weak consumer spending during the quarter due to the payroll ta . . .
3 hour ago
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CNNMoney.com
Read full story for latest details.
9 hour ago
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WSJ.com
Goldman Sachs is selling its remaining stake in Industrial & Commercial Bank of China for around $1.1 billion, exiting its investment in China's biggest bank.
RELATED STORIES:
- Abbott Laboratories lifted to buy at Goldman Sachs - MarketWatch.com
10 hour ago
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Mashable /
Welcome to this morning's edition of "First To Know," a series in which we keep you in the know on what's happening in the digital world.
Today, we're looking at three particularly interesting stories. It only took $1.1 billion, but Yahoo is . . .
RELATED STORIES:
- The Five People You Need to Know - forbes.com / Giovanni Rodriguez
