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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

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Shakespeare's sonnets come to life in new app

TORONTO - A new app launched on Monday aims to bring William Shakespeare's sonnets to the masses with the help of short films starring stage actors performing them in front of New York landmarks.

iPad, Media, Lifestyle 11:23am EDT

New Xbox more than a game console for Microsoft

SAN FRANCISCO/SEATTLE - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.

Media 7:30am EDT

Infosys to challenge latest tax demand of $105.3 million

BANGALORE - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month.

12:47am EDT

Online takeout companies GrubHub and Seamless to merge

SAN FRANCISCO - Two of the nation's biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms.

Google's wearable Glass gadget: cool or creepy?

SAN FRANCISCO - Google staged four discussions expounding on the finer points of its "Glass" wearable computer during this week's developer conference. Missing from the agenda, however, was a session on etiquette when using the recording-capable gadget, which some attendees faithfully wore everywhere - including to the crowded bathrooms. | Video

Media 18 May 2013

Music royalties and Pandora’s box

It is one of the oldest and thorniest questions of the digital music era: How much should artists and musicians be compensated for the Internet broadcast of their songs? And who gets to decide that rate?

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