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The Top News
11:25 PM - Monday, May 20, 2013
6 hour ago
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CNNMoney.com
Promising 'not to screw it up,' the Internet company agrees to pay $1.1 billion for blog site.
RELATED STORIES:
- Tumblr deal will allow Yahoo to compete in mobile apps - news
- Why Don't Startups Like Tumblr Get Their Customers To Invest? (Instead Of Sell To Yahoo) - forbes.com / Cheryl Conner
- Yahoo looks to regain its cool with Tumblr deal - Yahoo! News: Business News
4 hour ago
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money.cnn.com
Read full story for latest details.
6 hour ago
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on The Huffington Post
MOORE, Okla., May 20 (Reuters) - A 2-mile-wide (3-km-wide) tornado tore through the Oklahoma City suburb of Moore on Monday, killing at least 51 people while destroying entire tracts of homes, piling cars atop one another, and trapping two . . .
RELATED STORIES:
- Tornado Hits Moore, Okla., Near Oklahoma City: Schools and Houses Destroyed - Business
- Stunning Time-Lapse Video Of 2-Mile Wide Oklahoma Tornado - zerohedge.com / Tyler Durden
- Terrifying Eyewitness Videos of Oklahoma Tornado Go Viral - Mashable / Anita Li
6 hour ago
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MarketWatch.com
Australian stocks decline, and Hong Kong equities pull back from a three-day winning run, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary policy.
4 hour ago
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Yahoo! News: Business News
By Mari Saito TOKYO (Reuters) - Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No . . .
4 hour ago
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FOXBusiness.com
The Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery".
7 hour ago
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Reuters
WASHINGTON (Reuters) - Two senior White House aides knew weeks ago that a probe of the Internal Revenue Service had found that the U.S. tax agency had inappropriately targeted conservative groups, but did not tell President Barack Obama, a Whit . . .
RELATED STORIES:
- White House knew IRS probe findings earlier - Washington Post
- Treasury Knew IRS Was Planning Apology - WSJ.com: World
10 hour ago
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MarketWatch.com
In the official memo announcing Yahoo’s $1.1 billion acquisition of Tumblr today, the companies promised not to “screw it up.” But similar promises have been made before. What happened after Yahoo purchased Flickr back in 2005? Find that story . . .
RELATED STORIES:
- Under Yahoo, will Tumblr go way of Flickr? - MarketWatch.com
- Yahoo says Flickr will be 'awesome again' - money.cnn.com
2 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.
11 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
- Senate panel says Apple avoids billions in U.S. taxes - USATODAY.com Money News
6 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.
4 hour ago
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money.cnn.com
Read full story for latest details.
3 hour ago
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Reuters
WASHINGTON (Reuters) - A Senate panel will try on Tuesday to pry more details out of current and former officials of the Internal Revenue Service about the agency's targeting of conservative groups for extra scrutiny when they sought tax-exempt . . .
10 hour ago
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CNBC
Pushing out Jamie Dimon would have no benefit for JPMorgan, Brad Hintz says.
RELATED STORIES:
- Dimon Vote: A Referendum on Governance - CNBC
- History favors Jamie Dimon in chairman-CEO debate - USATODAY.com Money News
- Dimon making case to keep both J.P. Morgan jobs - MarketWatch.com
4 hour ago
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MarketWatch.com
LOS ANGELES (MarketWatch) -- Chinese hackers who allegedly broke into Google Inc. databases accessed valuable information about U.S. knowledge of Chinese espionage activities, the Washington Post reported late Monday. The cyber-intrusions, whi . . .
4 hour ago
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Yahoo! News: Business News
MUMBAI (Reuters) - Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Mur . . .
11 hour ago
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on The Huffington Post
WASHINGTON (Reuters) - Using an unusual global tax structure, Apple Inc has held billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure conclude . . .
RELATED STORIES:
- With ‘complex web’ of offshore entities, Apple avoids taxes: Senate - Washington Post / Cecilia Kang
- Senate: Apple has Created 'No-Shore' Tax Entities - CNBC
- How Apple sidestepped U.S. taxes: The Senate's version - CNNMoney.com
10 hour ago
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Yahoo! News: Business News
WASHINGTON (AP) — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.
RELATED STORIES:
3 hour ago
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Yahoo! News: Business News
BANGKOK (AP) — The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy.
17 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:
- Goldman exits China's ICBC, seven years and billions later - Yahoo! News: Business News
