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  • Yahoo buys blogging platform Tumblr for $1.1 bn cash Yahoo buys blogging platform Tumblr for $1.1 bn cash

    NEW YORK - Yahoo promised "not to screw it up" as it formally announced its acquisition of the popular Tumblr blogging platform for $1.1bn in cash, giving the company a much-needed base in social media to reach a younger generation of users. The relaxed wording of the memo for one of the internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old ...

  • Actavis buying Warner Chilcott in $8.5bn deal Actavis buying Warner Chilcott in $8.5bn deal

    WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...

  • New business jet Challenger 350 launched by Bombardier New business jet Challenger 350 launched by Bombardier

    GENEVA - Canadian aeroplane maker Bombardier has expanded its leading Challenger family of business jets with the launch of the new Challenger 350 aircraft in collaboration with global leader in private aviation, US firm NetJets. The launch on Monday was held at a special event here at the European Business Aviation Conference and Exhibition (EBACE). Bombardier said deliveries of the ...

  • South African regulator gives nod for Eskom wind power project South African regulator gives nod for Eskom wind power project

    JOHANNESBURG - The National Energy Regulator of South Africa (Nersa) has granted power producer Eskom a licence for its Sere wind farm in the Western Cape, paving the way for the company to start construction of its $254.3 million (R2.4-billion) project. Sere is the Nama word for "cool breeze". The wind farm project is scheduled to become fully commercially operational by the end of ...

  • Morgan Stanley to sell Indian private banking arm to StanChart Morgan Stanley to sell Indian private banking arm to StanChart

    MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...

Movie Review

Picture Perfect

Much like this summer's earlier romantic comedy "My Best Friend's Wedding," "Picture Perfect" chronicles the adventures of an attractive, single, late-twenty-ish heroine who lies, connives, condescends, and abuses people to get what she wants. In "My Best Friend's Wedding," Julia Roberts wanted the man. In "Picture Perfect," Jennifer Aniston's Kate wants not just a man, but also a top-level job at ... ...

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  • Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Minnesota farmers plant 70 percent of corn crop

    ST. PAUL, Minn. - Favorable weather has helped Minnesota farmers catch up from a late start to get 70 percent of their corn crop planted. The U.S. Department of Agriculture's weekly crops and weather report for Minnesota says warm, dry weather gave farmers their best week for fieldwork yet this season. Statewide, an average of 5.1 days were suitable for fieldwork last week. That let corn ...

  • Microsoft expected to reveal next-generation Xbox

    FILE - In this June 5, 2012 file photo, show attendees walk past Microsoft XBox booth at E3 2012 in Los Angeles. With the next Xbox expected to finally be revealed Tuesday, May 21, 2013, at Microsoft's headquarters in Redmond, Wash., anticipation for what the company is planning for the next iteration of its gaming console is higher than Master Chief's last spaceship. (AP Photo/Damian ...

  • Currencies Dollar higher as traders await Fed speakers

    NEW YORK (MarketWatch) -- The U.S. dollar gained ground versus most major rivals Tuesday, with investors awaiting remarks from a pair of Federal Reserve policy makers a day ahead of congressional testimony by Fed Chairman Ben ...

  • Market Snapshot U.S. stocks rise with Fed speakers on tap

    NEW YORK (MarketWatch) -- U.S. stocks rose on Tuesday, with investors expected to scrutinize speeches by two Federal Reserve officials for any clues as to when the central bank may begin to scale back its $85-billion-a-month asset-purchase ...

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