Suitors Circle Hulu; Yahoo Bets Big on Tumblr by DailyFinance Staff May 20th 2013 8:50AM The business week starts with potential buyers circling around Hulu, while Yahoo is making a big bet on social media.
Yahoo Approves $1.1B Deal for Tumblr by TechCrunch May 20th 2013 8:00AM Yahoo's rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by the company's board of directors, the Wall Street Journal reports.
Apple CEO Wants to Repatriate Cash, at Lower Tax Rate by DailyFinance Staff May 17th 2013 11:45AM Apple pushes for a major tax change that it says will boost the U.S. economy: CEO Tim Cook plans to call on Congress next week to dramatically simplify corporate tax laws.
J.C. Penney's Latest Earnings Confirm Grim Warning by DailyFinance Staff May 17th 2013 9:00AM J.C. Penney had said its quarterly results would be weak. They were, and then some. The retailer posted a loss more than double the deficit of last year, and sales fell 16%.
Obama Picks OMB Chief to Run Embattled IRS by The Associated Press May 17th 2013 6:46AM President Obama picked a senior White House budget expert Thursday to become the acting head of the IRS, the same day another top official announced plans to leave the agency.
Dell Profit Dives as PC Sales Slide by Reuters May 17th 2013 6:12AM Dell reported a 79 percent slide in profit in the first quarter as personal computer sales continued to shrink.
J.C. Penney Posts Huge 1Q Loss by The Associated Press May 16th 2013 5:05PM J.C. Penney reports a first-quarter big loss on a 16 percent revenue plunge as the chain continues to reel from the turnaround plan implemented by former CEO Ron Johnson.
Wall Street Sags After Fed Comments, But Cisco Surges by Reuters May 16th 2013 4:55PM U.S. stocks fell on Thursday, with the downturn accelerating after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.
