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Yahoo looks to regain its cool with Tumblr deal
SAN FRANCISCO (AP) -- After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur who dropped out of high school to pursue his dream of bringing more beauty and creativity to the Internet....
Asia stocks fall ahead of Fed statements
BANGKOK (AP) -- Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program....
Average credit card debt, late payments fall in 1Q
LOS ANGELES (AP) -- Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt....
Should we let wunderkinds drop out of high school?
NEW YORK (AP) -- It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college....
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....
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....
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....
Senators require fingerprinting at 30 airports
WASHINGTON (AP) -- Senate supporters of far-reaching immigration legislation accepted minor changes in public while negotiating over more sweeping alterations in private Monday as they drove toward expected Judiciary Committee approval by mid-week....
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....
Lew taps government retiree pension fund
WASHINGTON (AP) -- Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt....

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