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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


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

GM gearing up for big ad push for crucial new pickups: executive
DETROIT (Reuters) - The launch of General Motors Co's <GM.N> redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday. Full Story

Caterpillar machinery sales down 9 percent in April, led by Asia
CHICAGO (Reuters) - Caterpillar Inc <CAT.N> said on Monday that retail demand for its construction and mining equipment continued to be sluggish in April, though the sales picture appeared to be improving in almost every market outside North America. Full Story

Bankia compensation qualms signal loss of faith in Spain's banks
MADRID (Reuters) - Many duped savers at Spanish lender Bankia <BKIA.MC> are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system. Full Story

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