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Yahoo buys Tumblr for $1.1billion: Founder David Karp is next tech tycoon
The deal will make the 26-year-old New Yorker very rich, even though he was publicly opposed, even just last year, to selling the company....

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

Taxes on some wealthy French top 100 pct of income: paper
PARIS (Reuters) - More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data.The newspaper...

Claims for jobless benefits rise sharply
The number of U.S. workers applying for unemployment benefits for the first time rose sharply in the week ended May 11 after hitting a five-year low the previous week, the Labor Department said Thursday....

Lew asks Congress for debt increase, says it's 'not open to debate'
Treasury Secretary Jack Lew urged congressional leaders Friday to raise the debt limit as soon as possible, Treasury Secretary Jack Lew urged congressional leaders Friday to raise the debt limit as soon as possible, and insisted that the White House is not going to negotiate over it because Congres...

Will Social Security Benefits Increase This Year? By How Much? | The Business Desk with Paul Solman | P
Will Social Security Benefits Increase This Year? By How Much?...

RIL Head Mukesh Ambani Gives Up Rs 24 Crore in Salary For Fifth Year In A Row
Chairman and Managing Director of the country's biggest private sector entity Reliance Industries Limited (RIL), Mukesh Ambani is setting an example for moderation in managerial compensation levels. He has kept his annual salary at Rs 15 crore , foregoing Rs 24 crore from the remuneration approv...

Reliance Jio Infocomm Zeroes Down on Key Pacts For its 4G Services
Reliance Jio Infocomm, the telecom arm of Reliance Industries Limited (RIL) has cleared its mode of operation by finalizing on the key pacts that will drive the company once 4G services are rolled out all over the country. It has decided on the key agreements with its technology partners and device ...

Reliance Gearing up to Enter India's Defence Sector
Reliance Industries Limited (RIL) is gearing up to enter the defence space of India by investing and signing new deals with global market players to procure offset management of defenceequipments. With reports floating that there are apparent changes happening in the country's defence procureme...

RIL's Digital Arm To be Expanded in Tier-1 and Tier-2 Cities
Reliance Industries Limited (RIL)'s retail business arm, Reliance Retail will execute further expansion of its digital format stores in Tier -1 and Tier- 2 cities across the country. Mukesh Ambani led RIL is considering the digital sector as one of its prime contributing factors for the ...

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