Business
Yahoo takes big leap with $1.1B deal for Tumblr
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday represents Mayer's boldest move yet since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks ...
Actavis buying Warner Chilcott in $8.5B deal
Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S. The announcement on Monday comes after the two companies said earlier this month that they were in talks about a possible combination. It also follows ...
US futures subdued as investors take stock
U.S. stock futures are relatively flat as investors take a breather and some analysts wonder how long the bull-market run can last. Dow Jones industrial average futures are down 7 points to 15,308. The broader S&P 500 is down less than a point at 1,662.3. Nasdaq futures are down 2.75 ...
Chesapeake names Anadarko executive as new CEO
Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO. The appointment of the 46-year-old Lawler comes after a tough year for Chesapeake. Its former CEO Aubrey McClendon was ousted last year amid a scandal over his personal investments in the company's oil and gas wells. ...
Oil price falls below $96 a barrel
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 55 cents to $95.47 a barrel in electronic trading ...
Economists predict increase in consumer spending
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists. The economists predict that the U.S. economy will grow 2.4 percent this year and 3 percent next year. That's unchanged from their forecast in February. But ...
Markets solid despite Fed policy speculation
Stock markets remained relatively solid Monday as evidence of a steady economic recovery in the U.S. continued to shore up sentiment. Following another week, which saw many stock indexes around the world either hit record highs or multiyear peaks, investors have so far refrained from widespread profit-taking. However, some analysts ...
Ryanair keeps growing, reports record profits
Ryanair reported record profits Monday as Europe's largest budget airline relentlessly expanded its route network across the continent and into North Africa. The Dublin-based carrier's share price also surged to an all-time high after it predicted it would enjoy similar, if not better, earnings in the coming year. The company's ...
Raw: Accused US Spy Reportedly Leaves Russia
Russian TV aired video of the US Embassy employee accused of spying, leaving Russia. Russian television had video of Ryan Fogle at a Moscow airport. The US Embassy in Moscow has refused to comment on the case. (May 20)
China sentences underground bank operator to death
A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by entrepreneurs. Lin Haiyan was convicted of "illegal fundraising" for collecting 640 million yuan ($100 million) from investors by promising high returns and ...
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