- Yahoo Inc said it is buying blogging service Tumblr for $1.1 billion cash, giving the struggling Internet pioneer a much-needed platform in social media to reach a younger generation of users.
Recent Business News
LONDON - John Thornton, the former Goldman Sachs president who specializes in Chinese affairs, is stepping down from the board of HSBC to spend more time on his other business interests, Europe's biggest bank said on Monday.
NEW YORK - The Securities Industry and Financial Markets Association named former Republican Senator Judd Gregg as its chief executive officer, the lobbying group said Monday.
SHERIDAN, Illinois - With the U.S. spring planting season off to a historically slow start, an increasing number of farmers are counting on powerful tools to catch up: Monster machines that sow 36 rows of corn at once and feature high-tech innovations like computer-guided directional equipment.
- GE Capital Corp's board has approved a plan to pay $6.5 billion in dividends, including a special dividend of $4.5 billion, to parent General Electric Co in 2013.