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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
Wall Street hovers near record levels as investors hesitate to jump in
Apple to argue for tax reform, defend tax practices on Tuesday
Morgan Stanley sued in 'pay-to-play' retirement plan case
Chesapeake Energy hires Anadarko executive as CEO
(Reuters) - Chesapeake Energy Corp <CHK.N> on Monday named a top executive at rival Anadarko Petroleum Corp <APC.N> to head the No. 2 U.S. natural gas producer, which has suffered a governance crisis and liquidity crunch over the last year. Full Story
(Reuters) - Chesapeake Energy Corp <CHK.N> on Monday named a top executive at rival Anadarko Petroleum Corp <APC.N> to head the No. 2 U.S. natural gas producer, which has suffered a governance crisis and liquidity crunch over the last year. 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
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
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
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
