Yahoo CEO Marissa Mayer tells CNBC the $1.1 billion deal for Tumblr is "part of enhancing our growth story" and the company will remain independent, even under Yahoo's ownership.
As investors and analysts size up Yahoo's latest $1.1 billion acquisition, it is worth reflecting on the GeoCities deal, which has many similarities, the NYT reports.
Watson, the IBM computing system that conquered "Jeopardy!" on television, is launching an app business called the Watson Engagement Advisor that can be used to help consumers get answers on mobile devices.
In the wake of Yahoo's announcement on Monday that it's snapping up Tumblr for $1.1 billion, the attention has shifted to which companies could be next.
Ireland said on Tuesday it was not to blame for Apple's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits.
The board of Yahoo agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, a signal of how the company plans to reposition, the NYT reports.
Tim Cook says he'll propose tax changes to encourage firms to bring home more of their offshore funds when he faces congressional queries over Apple's overseas cash holdings.
Investors had every reason not to trust the market after last year's Facebook fiasco—a high-profile IPO gone bad on multiple levels. Yet trust is coming back.
Cisco shares jumped after the firm beat on earnings, citing signs of improvement. "I am a little surprised," one trader said, as it was a tough quarter for other networking firms.
Tesla announced plans to offer another 2.7 million shares and said CEO Elon Musk will buy another $100 million worth of Tesla stock. Shares shot up after-hours.
The world's top search engine announced the music streaming service, which has built-in features to help users discover new music, at its annual developers conference in San Francisco.