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Yahoo buying Tumblr for $1.1 billion, vows not to screw it up
Reuters - 6 hours ago
By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK (Reuters) - 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 Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. ... More »Yahoo buying Tumblr for $1.1 billion, vows not to screw it up
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Infosys to challenge new tax demand of $105.3 million
Reuters - Mon 20 May, 2013
BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from special economic zones in India, Infosys said in a statement. It said the latest tax demand disregards a clarification by the government in January. ... More »Infosys to challenge new tax demand of $105.3 million
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Xolo launches X910 with Intel processor for Rs 9999
Yahoo! India News - 18 hours ago
The phone has a 4.2 inch qHD display, 1.6 GHz processor, 5 megapixel rear camera and Android 4.0 ICS. More »Xolo launches X910 with Intel processor for Rs 9999
4
Former Nokia software team unveils its first smartphone
Reuters - 12 hours ago
HELSINKI (Reuters) - A group of ex-Nokia software developers unveiled its first smartphone on Monday, aiming to prove their former employer wrong by making a success of a technology dropped by the Finnish mobile phone maker. Jolla was founded by Nokia's former MeeGo software team that was shut down after the company decided to switch to Microsoft's Windows Phone software in 2011. With just 70 employees and 11 million eurosin venture financing, Jolla joins a handful of boutique operating systems such as Ubuntu which together have less than a one-percent presence in the mobile phone market. ... More »Former Nokia software team unveils its first smartphone
5
Websense to go private after years of slow growth
Reuters - 14 hours ago
REUTERS - Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million, a move that should come as a relief to investors after years of weak sales from its legacy business. The offer of $24.75 per share represents a roughly 29 percent premium to Websense's Friday close. Websense shares rose to just above the offer price to a near two-year high in morning trading on the Nasdaq. ... More »Websense to go private after years of slow growth
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Top 25 Mobile Handset Hotlist for May-2013
Yahoo! India News - 18 hours ago
Of late we have been seeing Indian brands launching smartphones in the same price range in which MNC players are introducing feature phones. Of the 25 most viewed handsets in India, 14 were from Indians players as compared to 11 from global brands. More »Top 25 Mobile Handset Hotlist for May-2013
7
China trying to manage exposure of corruption online
Reuters - 15 hours ago
By Terril Yue Jones BEIJING (Reuters) - China's Internet is brimming with disclosures of officials collecting bribes, homes and luxury accessories as casually as they do mistresses. But while the government tolerates such anti-corruption vigilantism, it is also extremely leery of the threat the Internet can pose to Communist Party rule. The Internet is the new tool in the fight against corruption - a cornerstone policy of new President Xi Jinping, who has pledged to tackle the problem head-on. ... More »China trying to manage exposure of corruption online
8
Apple, U.S. Congress spar over taxes ahead of Tuesday hearing
Reuters - 5 hours ago
By Patrick Temple-West and Poornima Gupta WASHINGTON/SAN FRANCISCO (Reuters) - Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday. ... More »Apple, U.S. Congress spar over taxes ahead of Tuesday hearing
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Apple to argue for tax reform, defend tax practices on Tuesday
Reuters - 7 hours ago
By Poornima Gupta SAN FRANCISCO (Reuters) - 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. In prepared testimony released by the company and submitted ahead of Apple Chief Executive Tim Cook's hearing on Tuesday before the Senate Permanent Subcommittee on Investigations, Apple denied it employed "tax gimmicks" like using Cayman Islands bank accounts or shifting intellectual property abroad. ... More »Apple to argue for tax reform, defend tax practices on Tuesday
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Shakespeare's sonnets come to life in new app
Reuters - 13 hours ago
By Natasha Baker TORONTO (Reuters) - A new app launched on Monday aims to bring William Shakespeare's sonnets to the masses with the help of short films starring stage actors performing them in front of New York landmarks. The Sonnet Project is a free app for the iPhone and iPad that showcases the bard's poetry through films of up to two minutes and performances by Tony-Award winning actors Joanna Gleason and Cady Huffman, among others. "Shakespeare gets a bad rap. ... More »Shakespeare's sonnets come to life in new app
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Britain's Cameron tells Google and others to play fair on tax
Reuters - 11 hours ago
LONDON (Reuters) - 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. Cameron's intervention came days after British lawmakers accused Google of using "smoke and mirrors" to avoid paying tax, fuelling a debate over corporate taxation that has angered the public and led to calls for a tougher approach from the government. ... More »Britain's Cameron tells Google and others to play fair on tax
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Dell says cannot disclose more information to Icahn yet
Reuters - 15 hours ago
REUTERS - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell's $24.4 billion bid to take the company private. ... More »Dell says cannot disclose more information to Icahn yet
13
Online takeout companies GrubHub and Seamless to merge
Reuters - 10 hours ago
By Sarah McBride SAN FRANCISCO (Reuters) - Two of the nation's biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms. GrubHub and Seamless, which allow consumers to easily order online from various restaurants, are part of a group of fast-growing businesses that standardize local services under a national umbrella. Think restaurant reservations, where OpenTable dominates, or car services, where privately held startups such as Uber are making significant inroads. ... More »Online takeout companies GrubHub and Seamless to merge
14
Yahoo's rise in Asia offsets risk from Tumblr bet
Reuters - 52 minutes ago
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously. Mayer faces plenty of challenges in her efforts to turn six-year-old Tumblr into a money-spinner, not least among them retaining users while devising new types of non-intrusive online ads outside of Yahoo's traditional area of expertise. And then there is Tumblr's hefty price tag: a sum that equates to a fifth of Yahoo's cash. ... More »Yahoo's rise in Asia offsets risk from Tumblr bet

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Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

Infosys to challenge new tax demand of $105.3 million

Xolo launches X910 with Intel processor for Rs 9999

Former Nokia software team unveils its first smartphone

Websense to go private after years of slow growth

Top 25 Mobile Handset Hotlist for May-2013

China trying to manage exposure of corruption online

Apple, U.S. Congress spar over taxes ahead of Tuesday hearing

Apple to argue for tax reform, defend tax practices on Tuesday

Shakespeare's sonnets come to life in new app

Britain's Cameron tells Google and others to play fair on tax

Dell says cannot disclose more information to Icahn yet

Online takeout companies GrubHub and Seamless to merge

Yahoo's rise in Asia offsets risk from Tumblr bet

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