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The Top News
8:23 PM - Monday, May 20, 2013
9 hour ago
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FOXBusiness.com
Yahoo Inc. took the tech-sector spotlight Monday, with its $1.1 billion acquisition of blogging-service operator Tumblr seen as a potential gamble by Chief Executive Marissa Mayer in her attempts to reinvigorate the one-time Internet pioneer.
RELATED STORIES:
- Tech Stocks: Yahoo’s deal for Tumblr heads tech’s day - MarketWatch.com
- Yahoo! 'Really' Only Paid $262 Million For Tumblr - forbes.com / Eric Jackson
- Yahoo buys Tumblr for $1.1 billion - CNNMoney.com
8 hour ago
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MarketWatch.com
WASHINGTON (MarketWatch) -- Apple Inc. avoided "billions of dollars" in U.S. taxes by setting up offshore entities, a Senate report charged Monday. "Apple sought the Holy Grail of tax avoidance," said Sen. Carl Levin, chair of a Senate panel t . . .
RELATED STORIES:
- Apple avoids taxes with ‘complex web’ of offshore entities, Senate inquiry finds - Washington Post / Cecilia Kang
- How Apple sidestepped U.S. taxes: The Senate's version - CNNMoney.com
- Senate Report Reveals Apple's Unusual Tax Structure - on The Huffington Post
4 hour ago
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Washington Post
The White House offered a new account Monday of how and when it learned that the Internal Revenue Service had improperly targeted conservative groups, saying that some senior officials were informed of the findings but that President Obama was . . .
4 hour ago
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on The Huffington Post
By R.J. Young
MOORE, Okla., May 20 (Reuters) - A massive tornado tore through the Oklahoma City suburb of Moore on Monday, killing at least 51 people with winds of up to 200 miles per hour (320 kph) that flattened entire tracts of homes, two . . .
RELATED STORIES:
- Two-mile-wide tornado slams Oklahoma City area, killing at least 51 - CNN.com
- Devastating Before-And-After Photos Of One Of The Elementary Schools Wrecked In The Oklahoma Tornado - Clusterstock / Joe Weisenthal
- Terrifying Time Lapse Footage Of Tornado Raging Across Oklahoma City - Clusterstock / Rob Wile
5 hour ago
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Yahoo! News: Business News
(Reuters) - Wireless service provider Sprint Nextel Corp received a waiver from SoftBank Corp on various provisions of their merger agreement permitting it to engage in discussions with Dish Network Corp. Satellite TV service Dish made a $25.5 . . .
4 hour ago
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MarketWatch.com
HONG KONG (MarketWatch) -- Hong Kong stocks on Tuesday retreated after a three-day winning streak, with Industrial & Commercial Bank of China Ltd. sliding on news Goldman Sachs Group Inc. sold the remainder of its stake in the Chinese lender. T . . .
7 hour ago
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news /
Apple tried to find the "Holy Grail of tax avoidance", a US Senate committee has claimed, on the eve of chief executive Tim Cook's appearance to answer questions on the tech giant's offshore businesses.
3 hour ago
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MarketWatch.com
Large, devastating tornadoes sweep through Oklahoma City and neighboring towns, killing at least 51 people as they lay waste to numerous buildings, including more than one elementary school.
3 hour ago
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CNNMoney.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.
11 hour ago
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CNBC
Rival online takeout services Seamless North America and GrubHub will combine and form a new company.
RELATED STORIES:
- GrubHub and Seamless to Become One Company - Inc.com / Jill Krasny
3 hour ago
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CNNMoney.com
The Internet asked Marissa Mayer to "please make Flickr awesome again," and in turn, the Yahoo CEO is revamping her company's photo-sharing service.
5 hour ago
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MarketWatch.com
HONG KONG--Goldman Sachs Group Inc. (GS) has sold its remaining stake in Industrial & Commercial Bank of China Ltd. (1398.HK) for around US$1.12 billion, exiting an investment it made in China's biggest bank seven years ago, a person familiar w . . .
RELATED STORIES:
- Abbott Laboratories lifted to buy at Goldman Sachs - MarketWatch.com
- ITE Group's first-half profit falls as costs rise - Reuters
5 hour ago
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CNBC
Retailers are a highlight Tuesday, but the Fed will remain the focus all week.
7 hour ago
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Yahoo! News: Business News
By Matthew Goldstein NEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers s . . .
7 hour ago
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WSJ.com
United Continental completed its first flight of a Boeing 787 Dreamliner with paying passengers since the planes were grounded in January.
5 hour ago
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Yahoo! News: Business News
WASHINGTON (AP) — Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.
4 hour ago
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MarketWatch.com
HONG KONG (MarketWatch) -- Japan's Economy Minister Akira Amari said Tuesday he hopes yen's foreign-exchange levels will settle at a level that corresponds with the relative strength of the domestic economy, according to a report. "I hope [fore . . .
9 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.
7 hour ago
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WSJ.com
Doug Lawler, the Anadarko Petroleum executive picked to be Chesapeake Energy's second-ever CEO, was hired after Chesapeake shifted strategy in its search to replace Aubrey McClendon.
3 hour ago
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money.cnn.com
Apple remains the top global brand with an estimated value of $185 billion, according to an annual ranking by WPP and Millward Brown. Which other companies have brands worth billions?
