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The Top News
11:04 PM - Monday, May 20, 2013
12 hour ago
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MarketWatch.com
Internet pioneer to pay $1.1 billion for popular blogging-service provider.
RELATED STORIES:
- Tumblr's Issues for New Parent Yahoo - CNBC
- Yahoo buys Tumblr for $1.1 billion - CNNMoney.com
- The question for Yahoo: Will Tumblr turn out to be more like Google or more like Craigslist - Washington Post / Neil Irwin
4 hour ago
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Reuters
MOORE, Oklahoma (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 dozen sch . . .
RELATED STORIES:
- Stunning Time-Lapse Video Of 2-Mile Wide Oklahoma Tornado - zerohedge.com / Tyler Durden
- Devastating Before-And-After Photos Of One Of The Elementary Schools Wrecked In The Oklahoma Tornado - Clusterstock / Joe Weisenthal
- Oklahoma City Tornado Pictures: 'Total Devastation' - Business Insider
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 . . .
7 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 . . .
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:
- Yahoo rolls out update to make Flickr 'awesome again' - CNNMoney.com
7 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 . . .
RELATED STORIES:
- The IRS v. the First Amendment - Reason Magazine / Ira Stoll
- Treasury Knew IRS Was Planning Apology - WSJ.com: World
- 6 Questions Everyone Should Ask The IRS - forbes.com
8 hour ago
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Washington Post /
Apple used a “complex web” of offshore entities — with no employees or physical offices — that allowed it to pay little or no taxes on tens of billions it earned overseas, according to a Senate investigation unveiled Monday. Read full article >>
RELATED STORIES:
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.
6 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.
14 hour ago
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CNBC
Rival online takeout services Seamless North America and GrubHub will combine and form a new company.
13 hour ago
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on The Huffington Post /
Just one day before Apple's CEO Tim Cook is expected to argue for corporate tax reform on Capitol Hill, a new report claims that the company is avoiding paying taxes on billions of dollars in profits.
The U.S.-based software giant is parkin . . .
RELATED STORIES:
- Senate Report Reveals Apple's Unusual Tax Structure - on The Huffington Post
- With ‘complex web’ of offshore entities, Apple avoids taxes: Senate - Washington Post / Cecilia Kang
- Senate: Apple has Created 'No-Shore' Tax Entities - CNBC
7 hour ago
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Yahoo! News: Business News
(Reuters) - Tesla Motors Inc may repay its U.S. Department of Energy loan as early as Wednesday, Chief Executive Elon Musk said in a message on Twitter on Monday. Musk, a billionaire who owns 27.5 percent of Tesla, added that the company would . . .
7 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 . . .
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:
12 hour ago
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news /
There would be no winners and only economic losers if the UK quit the European Union, Goldman Sachs has warned in a note.
RELATED STORIES:
- Abbott Laboratories lifted to buy at Goldman Sachs - MarketWatch.com
- ITE Group's first-half profit falls as costs rise - Reuters
10 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.
5 hour ago
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CNBC
Some of Asia's most successful entrepreneurs confess to their most common mistakes.
5 hour ago
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Yahoo! News: Business News
BANGKOK (AP) — Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.
4 hour ago
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Yahoo! News: Business News
LOS ANGELES (AP) — Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
7 hour ago
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Yahoo! News: Business News
By Karen Freifeld and David Henry (Reuters) - JPMorgan Chase & Co , under pressure from New York officials, gave shareholders information about an upcoming vote that would increase oversight of Chairman and Chief Executive Jamie Dimon. But the . . .
