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...
Apple Inc. (AAPL) won a jury verdict of more than $1.05 billion against Samsung Electronics Co. (005930) after a finding that Samsung infringed six of seven patents for mobile devices in the first lawsuit to go before a U.S. jury in a fight for dominance of the global smartphone market. The nin... Read more...
Not unexpectedly, Adele's "21" album spends a 22nd week atop the Billboard 200, selling 297,000 (down 59%), according to Nielsen SoundScan. It's now the longest-running No. 1 since Prince & the Revolution's "Purple Rain" soundtrack scored 24 weeks at No. 1 in 1984 and 1985. This is also the... Read more...