CBS Market Watch

Yahoo?s Tumblr deal ?long-shot, lon...

Yahoo?s Tumblr deal ?long-shot, long-term? bet

Yahoo?s $1.1 billion Tumblr deal draws cautious reactions shortly after the acquisition is unveiled.
Jennifer Waters's Consumer Confiden...

Jennifer Waters's Consumer Confidential: Get ready to pay more to fly

As air travelers become inured to baggage fees, airlines are betting they?ll accept additional extra charges. Want to change your flight? That?ll be $200 extra.
Personal Finance Daily: Under Yahoo...

Personal Finance Daily: Under Yahoo, will Tumblr go way of Flickr?

In the official memo announcing Yahoo?s $1.1 billion acquisition of Tumblr today, the companies promised not to ?screw it up.? But similar promises have been made before. What happened after Yahoo purchased Flickr back in 2005? Find that story and more in today?s Personal Finance Daily.
Under Yahoo, will Tumblr go way of ...

Under Yahoo, will Tumblr go way of Flickr?

So far Yahoo?s $1.1 billion acquisition of Tumblr is playing out similarly to its 2005 purchase of Flickr.
Bond Report: Treasurys fall as QE c...

Bond Report: Treasurys fall as QE clouds market

The Treasury market turned a morning rally into an afternoon slump Monday as benchmark U.S. government debt yield rose to its highest since mid-March.
NewsWatch: New Xbox may keep Micros...

NewsWatch: New Xbox may keep Microsoft in the game

Microsoft is expected to unveil a new Xbox on Tuesday. Investors have been bidding up shares of videogame firms, but the market has shifted dramatically in recent years.

BBC

Apple 'among US's big tax avoiders'

Apple 'among US's big tax avoiders'

Apple is accused of being "among America's largest tax avoiders" by a Senate committee, who says the company avoided paying billions of dollars in US taxes.
Tumblr 'will boost Yahoo revenue'

Tumblr 'will boost Yahoo revenue'

Yahoo says its $1.1bn (£723m) purchase of blogging platform Tumblr will boost its revenue as soon as 2014.
High inflation 'cost UK GDP £10bn'

High inflation 'cost UK GDP £10bn'

High inflation has cost the UK economy £10bn over the last three years, says an influential report, and has now become a "permanent fixture".
London Market Report

London Market Report

The FTSE 100 reaches its highest since September 2000, with analysts saying that the index may climb further.
China 'can't be free rider on trade...

China 'can't be free rider on trade'

China cannot be a "free rider" when it comes to global trade, the EU's trade commissioner, Karel De Gucht, warns.
Actavis agrees Warner Chilcott deal

Actavis agrees Warner Chilcott deal

US drugs maker Actavis, itself the subject of bid speculation, agrees to buy Dublin-based rival Warner Chilcott for $8.5bn (£5.6bn) including debt.

Reuters

Monster tornado devastates Oklahoma...

Monster tornado devastates Oklahoma town; at least 51 dead

MOORE, Oklahoma (Reuters) - A massive tornado tore through the Oklahoma City suburb of Moore on Monday, killing at least 51 people as winds of up to 200 miles per hour flattened entire tracts of homes, two schools and a hospital, leaving a wake of tangled wreckage.
Pentagon to take over some CIA dron...

Pentagon to take over some CIA drone operations : sources

WASHINGTON (Reuters) - President Barack Obama's administration has decided to give the Pentagon control of some drone operations against terrorism suspects overseas that are currently run by the CIA, several U.S. government sources said on Monday.
Brazil probes rumor that set off pa...

Brazil probes rumor that set off panic run on state bank

BRASILIA (Reuters) - Brazilian President Dilma Rousseff said on Monday she ordered the Federal Police to investigate the source of a rumor that sent thousands of poor Brazilians running to state bank branches seeking payment of a monthly family stipend.
Court orders prison to hand over fi...

Court orders prison to hand over files in Boston bomb case

BOSTON (Reuters) - A federal judge approved a request by accused Boston Marathon bomber Dzhokhar Tsarnaev's lawyers that his jailers hand over their files on him, including suicide watch logs and psychological data, according to court documents released on Monday.
Court orders prison to hand over fi...

Court orders prison to hand over files in Boston bomb case

BOSTON (Reuters) - A federal judge approved a request by accused Boston Marathon bomber Dzhokhar Tsarnaev's lawyers that his jailers hand over their files on him, including suicide watch logs and psychological data, according to court documents released on Monday.
Yahoo buying Tumblr for $1.1 billio...

Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

SAN FRANCISCO/NEW YORK (Reuters) - 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.

NewYorkTimes

DealBook Column: But Wait. Didn?t Y...

DealBook Column: But Wait. Didn?t Yahoo Try a Deal Like This Before?

Yahoo?s deal for Tumblr raises questions about its ability to make money by selling ads, among other thorny issues.
    
David Karp Quit School to Get Serio...

David Karp Quit School to Get Serious About Tumblr

David Karp, founder of Tumblr, got his education not in high school or college but in the world of Internet start-ups.
    
Social Media Is Moving Into Creativ...

Social Media Is Moving Into Creativity Like Tumblr

New services are providing a stage or pulpit for people, instead of making them passive users of social media.
    
Deborah Turness Named President of ...

Deborah Turness Named President of NBC News

Ms. Turness, a British news executive, will face the same challenges as her counterparts at ABC and CBS as television viewers spend more time online.
    
United Airlines Returns 787 Dreamli...

United Airlines Returns 787 Dreamliners to Service

A fix for the jets? troubled batteries has allowed the eight carriers who own the planes to resume service that was halted in January.
    
Apple?s Web of Tax Shelters Saved I...

Apple?s Web of Tax Shelters Saved It Billions, Panel Finds

A Congressional inquiry?s findings were remarkable both for the tens of billions of dollars involved and for Apple?s audacity in saying some of its subsidiaries are stateless and beyond any tax authority?s reach.
    

ABC

Gas Prices Spike Ahead of Holiday

Gas Prices Spike Ahead of Holiday

It?s almost Memorial Day and the price of driving for the first holiday weekend of the summer just got a bit higher. The weekly average price of a gallon of regular gas is $3.67, up 7 cents from a week earlier, according to the Department...
    
Watch: Yahoo Buys Tumblr for $1.1 B...

Watch: Yahoo Buys Tumblr for $1.1 Billion

Matt Nesto analyzes the morning business headlines.
    
Colgate Planning Caffeinated Brush?

Colgate Planning Caffeinated Brush?

News reports suggest Colgate-Palmolive applied to patent a caffeinated toothbrush, but the actual patent application only referred to a proposed device that hypothetically could release caffeine or any other substance or flavoring, and create sensations in a user?s mouth. So maybe they did plan a...
    
Photos: 'Doritos Girl' Lists Home

Photos: 'Doritos Girl' Lists Home

Ali Landry, whose first claim to fame was a 1998 Super Bowl Doritos commercial, listed her 4-bed home for $1.925 million. Landry bought the home in the Los Angeles area in 2004. She's married to director and producer Alejandro Monteverde, and they have two children. Built in 1927, the 3,700-sq. ft. home has Spanish detailing including tiles, stained glass windows, and an "authentic Mexican patio with fountain."
    
Help Your Kids Get 'A' in Money Mat...

Help Your Kids Get 'A' in Money Matters

It's graduation season. Did your teenager have to take a financial literacy course to don that cap and gown? Probably not. According to the Council for Economic Education, as of 2011, 22 states required high school students to take an economics class --the "supply and demand" type, not the "how to balance your checkbook type." Only 14 states offered personal finance as a high school class, either on its own or as part of the econ curriculum.
    
Is Yahoo Paying Too Much for Tumblr...

Is Yahoo Paying Too Much for Tumblr?

Morning Business Memo? Yahoo is spending $1.1 billion to buy the six-year-old blogging site Tumblr. The acquisition is the biggest yet for Yahoo CEO Marissa Mayer, and is part of her continuing push to give Yahoo credibility with a younger crowd, and make it a...
    

InternetNews

Tech Stocks Gain Despite HP's Plung...

Tech Stocks Gain Despite HP's Plunge

HP investors had a bad day, but the rest of the tech sector fared well.
HP CEO Hurd Quits After Harassment ...

HP CEO Hurd Quits After Harassment Investigation

As the executive who oversaw its turnaround departs, the tech titan rushes to reassure customers and shareholders.
FCC Drops Closed-Door Net Neutralit...

FCC Drops Closed-Door Net Neutrality Talks

In the wake of reported sideline talks between two rivals, the FCC says it lacks a "robust framework to preserve the openness and freedom of the Internet."
Microsoft-Salesforce Deal: Who Won?

Microsoft-Salesforce Deal: Who Won?

What's behind the settlement between a rising power in the cloud and software-as-a-service and software colossus Microsoft, which is trying to make its own inroads into the area?
Say What? The Week's Top Five IT Qu...

Say What? The Week's Top Five IT Quotes

Google Wave crashes, fighting to keep mainframe skills alive, beware the Outernet and more.
Android Passes RIM as Top Mobile OS...

Android Passes RIM as Top Mobile OS in 2Q

Google's Android operating systems hustled past RIM's BlackBerry OS in the second quarter, a byproduct of the release of several new 4G smartphones and wider carrier coverage for the devices.

FoxNews

Gibson Guitar CEO on the IRS Scanda...

Gibson Guitar CEO on the IRS Scandal

Gibson Guitar CEO on the IRS Scandal

Fed?s Raid of Gibson Political?

Would JPM Shareholders Be Hurt by C...

Would JPM Shareholders Be Hurt by Chairman, CEO Split?

Would JPM Shareholders Be Hurt by Chairman, CEO Split?

Split JPM?s Chairman, CEO Posts?

IRS Scandal a Case for a Flat Tax?

IRS Scandal a Case for a Flat Tax?

IRS Scandal a Case for a Flat Tax?

Forbes: Flat Tax a Scandal Fix

Wear High-End Fashions for a Fracti...

Wear High-End Fashions for a Fraction of the Cost

Wear High-End Fashions for a Fraction of the Cost

Rent Brands at 90% Off of Retail

Bove: Dimon Deserves to Keep Both R...

Bove: Dimon Deserves to Keep Both Roles

Bove: Dimon Deserves to Keep Both Roles

Dick Bove on Jamie Dimon

The $1 Billion Blog

The $1 Billion Blog

The $1 Billion Blog

Yahoo Buys Tumblr

CNN

Apple set for D.C. tax fight

Apple set for D.C. tax fight

CEO Tim Cook will appear before Senate Tuesday and call for corporate tax reform.
Meet AOI, Apple's mysterious Irish ...

Meet AOI, Apple's mysterious Irish subsidiary

In a statement to the Senate, Apple explains -- sort of -- what it's doing in Cork.
Tornado tears through Oklahoma City...

Tornado tears through Oklahoma City suburbs

Yahoo updates Flickr to make it 'aw...

Yahoo updates Flickr to make it 'awesome again'

The Internet asked Marissa Mayer to "please make Flickr awesome again," and in turn, the Yahoo CEO is revamping her company's photo-sharing service.
Merger Monday on Wall Street

Merger Monday on Wall Street

Read full story for latest details.
Death cross brewing in bond market

Death cross brewing in bond market

Investors have been dumping bonds lately, but a little-known technical indicator suggests that may not last for long.

WallStreet Journal

Apple Avoids Overseas Taxes, Panel ...

Apple Avoids Overseas Taxes, Panel Finds

Apple paid little to no corporate income tax to any nation on tens of billions of dollars in income over the past four years, Senate investigators disclosed ahead of a hearing on Tuesday.
Southern Executive Departs as Clean...

Southern Executive Departs as Clean-Coal Costs Mount

Southern Co. replaced the head of its Mississippi utility amid growing concern about the cost of a "clean coal" power plant whose estimated price tag has ballooned to $4.3 billion.
Latest Pipeline Spill Is Mostly Con...

Latest Pipeline Spill Is Mostly Contained

Crews worked to clean up some 2,500 barrels of crude that spilled over the weekend at an oil-storage terminal in Cushing, Okla., the third-biggest crude spill seen in the U.S. this year.
Hazards of the Buzzy Startup

Hazards of the Buzzy Startup

Yahoo's $1.1 billion deal for Tumblr is a fairy-tale ending for the blogging site, which fetched a rich price despite its meager revenue. Many other highflying Web startups may not be as lucky.
New Chesapeake CEO Was Latecomer to...

New Chesapeake CEO Was Latecomer to Search

Doug Lawler, the Anadarko Petroleum executive picked to be Chesapeake Energy's second-ever CEO, was hired after Chesapeake shifted strategy in its search to replace Aubrey McClendon.
GrubHub and Seamless to Merge

GrubHub and Seamless to Merge

GrubHub and Seamless, two tech startups that make it easier to order takeout food from restaurants, are merging, although they will remain separate brands.

Washington Post

White House knew IRS probe findings...

White House knew IRS probe findings earlier

The White House offered a new account Monday of how and when it learned that the Internal Revenue Service had improperly targeted conservative groups, saying that some senior officials were informed of the findings but that President Obama was not.

Read full article >>
    
White House knew IRS probe findings...

White House knew IRS probe findings earlier

The White House offered a new account Monday of how and when it learned that the Internal Revenue Service had improperly targeted conservative groups, saying that some senior officials were informed of the findings but that President Obama was not.

Read full article >>
    
Apple avoids taxes with ?complex we...

Apple avoids taxes with ?complex web? of offshore entities, Senate inquiry finds

Apple used a ?complex web? of offshore entities ? with no employees or physical offices ? that allowed it to pay little or no taxes on tens of billions it earned overseas, according to a Senate investigation unveiled Monday.

Read full article >>
    
Washington is 9th most expensive ci...

Washington is 9th most expensive city in U.S.

Looking for a good deal on a six-pack of beer? Try Charlotte. A haircut that won?t burn a hole in your wallet? Harlingen, Tex., is your best bet. A trip to the movies? Hilo, Hawaii, is supposed to be nice this time of year.

Read full article >>
    
The best sentences we read today

The best sentences we read today

- "Since 2006, Slate has declared email, the independent bookstore, the American pun, and instant gratification dead."

- "Of the country's top 10 congressional districts with the highest capacity of wind-powered electricity, nine are represented by Republicans."

Read full article >>
    
How to make $30 billion and pay no ...

How to make $30 billion and pay no corporate income tax, the Apple way

Apple went to Ireland, and it found a pot of gold. Or more precisely, it managed to bring in $30 billion in overseas profits over a four-year period without paying a dime of corporate income tax to the Irish, American or any other national government.

Read full article >>
    

CBS Stock Market

Stocks to Watch: Stocks to watch: C...

Stocks to Watch: Stocks to watch: Campbell Soup, Qihoo

Campbell Soup and Qihoo Technology -- two strong stock performers in 2013 -- reported earnings Monday. Acquity Group shares are rallying premarket after Friday?s announcement of a buyout from Accenture.
Stocks to Watch: Stocks to watch: J...

Stocks to Watch: Stocks to watch: J.C. Penney, Aruba

Investors will likely follow shares of Donaldson and Stage Stores on Friday as those firms report quarterly results, along with shares of Aruba Networks, which took a drubbing late Thursday.
Stocks to Watch: Apple, Tesla, Dell...

Stocks to Watch: Apple, Tesla, Dell are Thursday?s stocks to watch

Investors are likely to closely monitor Apple Inc. on Thursday after the stock lost its most-favored status with at least three hedge funds.
Stocks to Watch: Macy?s, Cisco are ...

Stocks to Watch: Macy?s, Cisco are Wednesday?s stocks to watch

Macy?s, Cisco, and Deere are some of the notable names reporting quarterly results on Wednesday.
Stocks to Watch: Stock to watch: Bl...

Stocks to Watch: Stock to watch: BlackBerry annual event kicks off

BlackBerry is expected to attract more than its share of attention, as the three-day BlackBerryLive opens its doors in Orlando, Fla., on Tuesday.
Stocks to Watch: Stocks to watch: T...

Stocks to Watch: Stocks to watch: Tesla to remain in focus Monday

Tesla Motors is likely to remain in focus on Monday after surging 41% this week, its best weekly performance since it went public in 2010.

BBC Stock Market

Apple 'among US's big tax avoiders'

Apple 'among US's big tax avoiders'

Apple is accused of being "among America's largest tax avoiders" by a Senate committee, who says the company avoided paying billions of dollars in US taxes.
Tumblr 'will boost Yahoo revenue'

Tumblr 'will boost Yahoo revenue'

Yahoo says its $1.1bn (£723m) purchase of blogging platform Tumblr will boost its revenue as soon as 2014.
China 'can't be free rider on trade...

China 'can't be free rider on trade'

China cannot be a "free rider" when it comes to global trade, the EU's trade commissioner, Karel De Gucht, warns.
Ryanair profits at record high

Ryanair profits at record high

Discount airline Ryanair reports record full-year profits and rising revenues despite soaring fuel costs, but hits out at "bizarre" EU takeover decision.
London Market Report

London Market Report

The FTSE 100 reaches its highest since September 2000, with analysts saying that the index may climb further.
Actavis agrees Warner Chilcott deal

Actavis agrees Warner Chilcott deal

US drugs maker Actavis, itself the subject of bid speculation, agrees to buy Dublin-based rival Warner Chilcott for $8.5bn (£5.6bn) including debt.

Reuters Stock Market

Families edging out private equity ...

Families edging out private equity in consumer deals

LONDON (Reuters) - 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.
Small business optimism rises to si...

Small business optimism rises to six-month high

WASHINGTON (Reuters) - A gauge of confidence for small businesses rose in April to its highest in six months, a sign of resilience in an economy beset by Washington's austerity drive.
Double Eagle condensate pipeline st...

Double Eagle condensate pipeline starts up

HOUSTON (Reuters) - Double Eagle Pipeline LLC has begun moving Eagle Ford condensate from Three Rivers, Texas, to Magellan Midstream Partners LP's terminal in Corpus Christi, Magellan and 50/50...
Small restaurants serving big calor...

Small restaurants serving big calories, salt: studies

NEW YORK (Reuters Health) - Despite public health progress in cutting calories, as well as salt and fat from fast foods and supermarket products, neighborhood restaurants are still packing big...
Fight expected in House on online s...

Fight expected in House on online sales tax

WASHINGTON (Reuters) - The Senate voted overwhelmingly on Monday to give states the power to enforce their sales tax laws on online purchases, but the legislation faces a tougher fight in the...
U.S.-backed maker of wheelchair-acc...

U.S.-backed maker of wheelchair-accessible vans shuts down

DETROIT (Reuters) - Vehicle Production Group LLC, a maker of wheelchair-accessible vans that received $50 million in low-interest federal loans, has closed its doors after running out of cash.

NewYorkTimes Stock Market

Helicopters Bring Viewers Vivid Ima...

Helicopters Bring Viewers Vivid Images of Tornado

Daylight and a hovering helicopter allowed cable news channels to bring startling images of the mile-wide tornado in Oklahoma to viewers on Monday.
    
Video-on-Demand Viewing Is Gaining ...

Video-on-Demand Viewing Is Gaining Popularity

Although it has been around for years, the technology is catching on among people who want to watch television on their own schedules.
    
David Karp Quit School to Get Serio...

David Karp Quit School to Get Serious About Tumblr

David Karp, founder of Tumblr, got his education not in high school or college but in the world of Internet start-ups.
    
Social Media Is Moving Into Creativ...

Social Media Is Moving Into Creativity Like Tumblr

New services are providing a stage or pulpit for people, instead of making them passive users of social media.
    
Apple?s Web of Tax Shelters Saved I...

Apple?s Web of Tax Shelters Saved It Billions, Panel Finds

A Congressional inquiry?s findings were remarkable both for the tens of billions of dollars involved and for Apple?s audacity in saying some of its subsidiaries are stateless and beyond any tax authority?s reach.
    
Hope in Japan That Shinzo Abe?s ?Ab...

Hope in Japan That Shinzo Abe?s ?Abenomics? May Be a Cure

Prime Minister Shinzo Abe?s economic shock therapy, which combines a flood of cheap cash, fiscal stimulus and deregulation, is getting early results.
    

Internet Stock Market News

Microsoft Inks UC Deal With Polycom

Microsoft Inks UC Deal With Polycom

Under a multi-year agreement unveiled Monday, Polycom will begin shipping integrated unified communications solutions built on Microsoft's Communications Server 14.
IT Earnings Way Up at Job Site Elan...

IT Earnings Way Up at Job Site Elance

Google App Engine, HTML5, search engine optimization and social media marketing are among the fastest movers on Elance's list of hot job opportunities available online.
Google, Verizon Posit Net Neutralit...

Google, Verizon Posit Net Neutrality Accord

The two Internet and communications giants have put aside their differences to hammer what could be a palatable legislative solution to the net neutrality brouhaha.
Tech Stocks Gain Despite HP's Plung...

Tech Stocks Gain Despite HP's Plunge

HP investors had a bad day, but the rest of the tech sector fared well.
New Federal Data Breach Bill Debuts...

New Federal Data Breach Bill Debuts in Senate

The new bill is getting early support from prominent Democrats and could require enterprises meet tighter security measures and new notification rules.
Cisco Unveils Top 10 Web Malware Th...

Cisco Unveils Top 10 Web Malware Threats

Contaminated websites are still a threat, but Cisco's latest security report suggests that are plenty of other Web-borne malware scams that can cost you or your company dearly.

Fox Stock Market News

There are no news from this channel.

CNN Stock Market

Merger Monday on Wall Street

Merger Monday on Wall Street

Read full story for latest details.
Best deals in investing

Best deals in investing

Money magazine's Best Deals on Everything: Your guide to the latest bargains in the investing world, from beer can makers and ETFs, to Chinese technology and more.
The biggest merger you didn't hear ...

The biggest merger you didn't hear about today

Why we're paying attention to the wrong deal.
Death cross brewing in bond market

Death cross brewing in bond market

This ominous-sounding technical signal points to another move down in bond yields. So much for the Treasury bubble bursting?
Elon Musk's SolarCity surges 16%

Elon Musk's SolarCity surges 16%

The Musk trade is on! Shares of SolarCity continues last week's rally.
Gabriel Gomez's private equity deal

Gabriel Gomez's private equity deal

U.S. Senate candidate's investment performance.

WallStreet Journal

Apple Avoids Overseas Taxes, Panel ...

Apple Avoids Overseas Taxes, Panel Finds

Apple paid no corporate income tax to any nation on tens of billions of dollars in income over the past four years, Senate investigators disclosed ahead of a hearing on Tuesday.
Southern Executive Departs as Clean...

Southern Executive Departs as Clean-Coal Costs Mount

Southern Co. replaced the head of its Mississippi utility amid growing concern about the cost of a "clean coal" power plant whose estimated price tag has ballooned to $4.3 billion.
Latest Pipeline Spill Is Mostly Con...

Latest Pipeline Spill Is Mostly Contained

Crews worked to clean up some 2,500 barrels of crude that spilled over the weekend at an oil-storage terminal in Cushing, Okla., the third-biggest crude spill seen in the U.S. this year.
Hazards of the Buzzy Startup

Hazards of the Buzzy Startup

Yahoo's $1.1 billion deal for Tumblr is a fairy-tale ending for the blogging site, which fetched a rich price despite its meager revenue. Many other highflying Web startups may not be as lucky.
New Chesapeake CEO Was Latecomer to...

New Chesapeake CEO Was Latecomer to Search

Doug Lawler, the Anadarko Petroleum executive picked to be Chesapeake Energy's second-ever CEO, was hired after Chesapeake shifted strategy in its search to replace Aubrey McClendon.
GrubHub and Seamless to Merge

GrubHub and Seamless to Merge

GrubHub and Seamless, two tech startups that make it easier to order takeout food from restaurants, are merging, although they will remain separate brands.

Washington Post

Asia stocks inch higher despite wor...

Asia stocks inch higher despite world woes

BANGKOK -- Most Asian markets took cues from Wall Street on Thursday and edged higher despite serious challenges to the global economy, including Japan's struggle to contain an earthquake-spawned nuclear crisis, Portugal's unresolved financial problems and uprisings in the Middle East.
Toyota to curb N. America productio...

Toyota to curb N. America production after quake

TOKYO -- Toyota Motor Corp., the world's biggest automaker, said Thursday it expects to halt production at some of its factories in North America due to shortages of parts from Japan following a devastating earthquake.
Boeing: US gets the tanker it wante...

Boeing: US gets the tanker it wanted, nothing more

-- A Boeing executive said on Wednesday that the Air Force will get the tanker it ordered - and no more.
Watchdog: FAA improves for-hire air...

Watchdog: FAA improves for-hire aircraft oversight

WASHINGTON -- The Federal Aviation Administration has significantly improved its safety oversight of for-hire aircraft companies but hasn't followed through on recommendations regarding air tours and illegal operators, a government watchdog said Wednesday.
Big BMW sedan adds hybrid

Big BMW sedan adds hybrid

-- Gasoline-electric hybrid versions of BMW's big, 2011 BMW 7-Series sedans come with the federal government's lowest fuel economy rating of all regular-production hybrids.
Asia stocks mixed amid uncertainty ...

Asia stocks mixed amid uncertainty in Japan, Libya

BANGKOK -- Asian stocks were mixed Wednesday following a retreat on Wall Street as the staggering toll exacted by Japan's worst-ever earthquake came into sharper focus and uncertainties grew about the outcome of Western military action against Libya.

ABC Stock Market

Gas Prices Spike Ahead of Holiday

Gas Prices Spike Ahead of Holiday

It?s almost Memorial Day and the price of driving for the first holiday weekend of the summer just got a bit higher. The weekly average price of a gallon of regular gas is $3.67, up 7 cents from a week earlier, according to the Department...
    
Watch: Yahoo Buys Tumblr for $1.1 B...

Watch: Yahoo Buys Tumblr for $1.1 Billion

Matt Nesto analyzes the morning business headlines.
    
Colgate Planning Caffeinated Brush?

Colgate Planning Caffeinated Brush?

News reports suggest Colgate-Palmolive applied to patent a caffeinated toothbrush, but the actual patent application only referred to a proposed device that hypothetically could release caffeine or any other substance or flavoring, and create sensations in a user?s mouth. So maybe they did plan a...
    
Photos: 'Doritos Girl' Lists Home

Photos: 'Doritos Girl' Lists Home

Ali Landry, whose first claim to fame was a 1998 Super Bowl Doritos commercial, listed her 4-bed home for $1.925 million. Landry bought the home in the Los Angeles area in 2004. She's married to director and producer Alejandro Monteverde, and they have two children. Built in 1927, the 3,700-sq. ft. home has Spanish detailing including tiles, stained glass windows, and an "authentic Mexican patio with fountain."
    
Help Your Kids Get 'A' in Money Mat...

Help Your Kids Get 'A' in Money Matters

It's graduation season. Did your teenager have to take a financial literacy course to don that cap and gown? Probably not. According to the Council for Economic Education, as of 2011, 22 states required high school students to take an economics class --the "supply and demand" type, not the "how to balance your checkbook type." Only 14 states offered personal finance as a high school class, either on its own or as part of the econ curriculum.
    
Is Yahoo Paying Too Much for Tumblr...

Is Yahoo Paying Too Much for Tumblr?

Morning Business Memo? Yahoo is spending $1.1 billion to buy the six-year-old blogging site Tumblr. The acquisition is the biggest yet for Yahoo CEO Marissa Mayer, and is part of her continuing push to give Yahoo credibility with a younger crowd, and make it a...
    

Financial Times

Apple accused of avoiding billions ...

Apple accused of avoiding billions in taxes

The Senate report said Apple?s use of loopholes for international profits allowed it to save tax on $44bn in ?otherwise taxable offshore income?
Qatar snaps up stakes in key lender...

Qatar snaps up stakes in key lenders

Emirate launches another push into banking sector by making fresh investments in Russia?s VTB and Germany?s Deutsche Bank
Cameron fights for unity on marriag...

Cameron fights for unity on marriage vote

Several Conservatives, including Edward Leigh, a Tory backbencher, spoke out against the equal marriage bill on Monday during an impassioned debate
Berlin plans partial EU treaty chan...

Berlin plans partial EU treaty change

German strategy would thwart UK premier?s plans to use eurozone reforms to renegotiate Britain?s relationship with bloc and repatriate powers
Thai slowdown adds to Asia gloom

Thai slowdown adds to Asia gloom

The slower growth was the result of faltering Chinese, eurozone, and US demand as well as a strong baht, which recently eased off a 16-year high
Yahoo vows not to ?screw up? Tumblr

Yahoo vows not to ?screw up? Tumblr

Some users of the blogging site expressed dismay about the takeover and have started moving their blogs to rival platforms such as WordPress
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