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. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa Maye... Read more...
A terrifically impressive meteorite object skimmed last night through Russian skies. Initial reports pegged the glowing ball as a huge meteorite , but speculation lingers over what exactly it may have been. The object exploded over Eastern Russia , near the Ural mountains, on Friday morning. T... Read more...
Emelie is plagued by hallucinations and nightmares. When she wakes up, she's often paralyzed, unable to breathe properly or call for help. During the day she can barely stay awake, and often misses school or having fun with friends. She is only 14, but at times she has wondered if her... Read more...
And now comes some news about the Facebook (FB) IPO that buyers deserve to be outraged about. Reuters' Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the... Read more...
Twitter and Russian search engine Yandex have agreed a partnership that will allow Yandex to show new tweets in its search results almost instantly, as Twitter becomes an increasingly important source of real-time information. Twitter will give Yandex access to its so-called firehose of all pub... Read more...
The problems in the Baltic banking sector continued to snowball on November 23, with Latvian authorities saying they will not be able to fulfill the obligations of Latvijas Krajbanka and will likely have to shut it down, whilst Lithuania issued an arrest warrant for the Russian majority owner of t... Read more...
Could digital music lockers in the cloud from the likes of Apple, Amazon and Google could be just the way to curb online music pirating? Some U.S. government officials certainly think so. As reported by Reuters, Victoria Espinel, the coordinator of U.S. intellectual property enforcement, said tha... Read more...
Wait, there were survivors?? Word? Kazuko Yamashita was five when the atom bomb was dropped on Nagasaki, destroying her home in a second and leaving her with a lifelong fear that every time she becomes ill, this time it is finally cancer. Now, 66 years later, she wears a dark pink sweater, her d... Read more...
The dollar plunged today following a United Nations report which called for the greenback to be replaced as the global reserve currency by the International Monetary Fund’s special drawing rights (SDRs). The dollar’s trend of moving inversely to the stock market has seemingly been snapped, ... Read more...