Business
Yahoo buying Tumblr for $1.1 billion, vows not to screw it up
SAN FRANCISCO/NEW YORK - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. | Video
Recent Business News
Goldman exits China's ICBC, seven years and billions later
HONG KONG - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake.
IT firm iGate sacks CEO after sexual harassment probe
MUMBAI - 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.
Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker
HONG KONG - The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's $148 billion hedge funds industry, a survey showed.
U.S. asks judge to deny S&P's motion to dismiss fraud lawsuit
- 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".
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,335.28 |  -19.12 |
-0.12% |
| S&P 500 | 1,666.29 | -1.18 |
-0.07% |
| NASDAQ | 3,496.43 | -2.53 |
-0.07% |
| TR US Index | 151.23 | -0.07 |
-0.05% |
Sector Summary
| Energy | -0.02% |
| Basic Materials |  +0.58% |
| Industrials | +0.03% |
| Cyclical Goods & Services | -0.15% |
| Non-Cyclical Goods & Services | -0.37% |
| Financials | -0.58% |
| Healthcare | -0.19% |
| Technology | -0.08% |
| Telecoms | -0.55% |
| Utilities | -0.13% |
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