SAN FRANCISCO - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
EU regulators want to examine Dutch SNS Reaal rescue
BRUSSELS (Reuters) - Dutch authorities will have to notify EU antitrust regulators about the 3.7 billion euro ($5 billion) rescue of bank and insurance group SNS Reaal SR.AS, a spokesman for the European Commission said on Friday.
"We are in contact with the Dutch government over the support for SNS Reaal. This should be notified to the Commission," Antoine Colombani, a spokesman for competition policy at the EU executive, told a daily briefing.
The Commission's state aid regulators examine sizeable amounts of aid or funding provided by EU governments, to ensure it does not distort competition by giving aided companies an unfair advantage.
(Reporting by Foo Yun Chee; editing by Rex Merrifield)
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