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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. Full Story
Top Headlines
JPMorgan investors on edge over vote on Dimon; what if they win?
Sprint receives SoftBank waiver to consider Dish offer
Vodafone keeps Verizon payout after European weakness
Apple, Congress spar over taxes ahead of Tuesday hearing
WASHINGTON/SAN FRANCISCO (Reuters) - Using an unusual global tax structure, Apple Inc <AAPL.O> has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure said on Monday. Full Story
WASHINGTON/SAN FRANCISCO (Reuters) - Using an unusual global tax structure, Apple Inc <AAPL.O> has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a Senate report on the company's offshore tax structure said on Monday. Full Story
Goldman exits China's ICBC, seven years and billions later
HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake. Full Story
HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake. Full Story
IT firm iGate sacks CEO after sexual harassment probe
MUMBAI (Reuters) - Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Story
MUMBAI (Reuters) - Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Story
Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker
HONG KONG (Reuters) - The Asian prime brokerage unit of Credit Suisse <CSGN.VX> has replaced Morgan Stanley <MS.N> as the second largest firm servicing the region's $148 billion hedge funds industry, a survey showed. Full Story
HONG KONG (Reuters) - The Asian prime brokerage unit of Credit Suisse <CSGN.VX> has replaced Morgan Stanley <MS.N> as the second largest firm servicing the region's $148 billion hedge funds industry, a survey showed. Full Story
