- Panel: Apple uses firms outside US to avoid taxes
WASHINGTON (AP) — Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.
Small company stocks take the limelight
NEW YORK (AP) — Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street.
Yahoo takes big leap with $1.1B deal for Tumblr
SAN FRANCISCO (AP) — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times.
Tumblr CEO's mom gushes over billion-dollar baby
NEW YORK (AP) — As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided to drop out altogether to devote more time to his passion for technology.
- Actavis buying Warner Chilcott in $8.5B deal
NEW YORK (AP) — Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
Russian oligarchs foot most of 2014 Sochi Olympics
SOCHI, Russia (AP) — The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump. The nicknames used by locals and an army of construction workers leave no doubt about who is paying for the 2014 Winter Games: Russia's business powerhouses.
- Chesapeake names Anadarko executive as new CEO
OKLAHOMA CITY (AP) — Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.
- Seamless and GrubHub to combine, no terms revealed
NEW YORK (AP) — Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S.
High crop prices entice farms to expand planting
BIGGSVILLE, Ill. (AP) — Clark Kelly plans to spend a lot of time on the links this spring. The Illinois farmer is plowing the Hend-Co-Hills Golf Course near tiny Biggsville into a cornfield.
- Economists predict increase in consumer spending
WASHINGTON (AP) — Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
