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
Apple, Congress spar over taxes ahead of Tuesday hearing
WASHINGTON/SAN FRANCISCO - Using an unusual global tax structure, Apple Inc has kept 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 said on Monday.
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 over undisclosed relationship
MUMBAI/BANGALORE - IT 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 the industry's best-known executives for sexual harassment.
U.S. asks judge to deny S&P's motion to dismiss fraud lawsuit
- The U.S. 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 | +0.65% |
| Industrials | +0.06% |
| Cyclical Goods & Services | -0.12% |
| Non-Cyclical Goods & Services | -0.37% |
| Financials | -0.59% |
| Healthcare | -0.16% |
| Technology | -0.04% |
| Telecoms | -0.53% |
| Utilities | -0.11% |
Trending Tickers
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
