eBay fell$. 76 or 1.3 percent, to $55.95. Google fell$. 65 or. 1 percent, to $908.53. Groupon Inc. rose$. 01 or. 1 percent, to $6.98.
SAN FRANCISCO, May 20- Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue when it goes before a Senate panel on Tuesday to explain its offshore tax practices.
LONDON, May 20- British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.
eBay fell$. 36 or. 6 percent, to $56.35. Google rose $2.56 or. 3 percent, to $911.74. Groupon Inc. rose$. 03 or. 4 percent, to $7.00.
European shares closed mixed on Monday afternoon, after briefly touching fresh five-year highs earlier during the session.
eBay fell$. 06 or. 1 percent, to $56.66. Google rose $9.25 or 1.0 percent, to $918.43. Groupon Inc. fell$. 04 or. 6 percent, to $6.93.
May 20- Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalize the struggling Internet pioneer by co-opting a Web property with strong visitor traffic but little revenue.
LONDON, May 19- Britain's opposition Labour party, tapping into widening public anger over corporate tax avoidance, wants the government to push for new international rules to force companies to report profit and tax payments country-by-country.