Yahoo's $1.1 billion proposed acquisition of Tumblr is a huge coup for the young founder of the even younger start-up and a splashy move by Marissa Mayer to shake up her company.

The FTSE 100 has closed at its highest level for more than 12 years, finishing 32 points up on the day at 6,756. That leaves it just short of the FTSE's all-time highest finish - the level of 6,930 reached in December 1999.

WASHINGTON - Even as Apple became the nation's most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and went beyond anything most ...

By Masayuki Kitano. SINGAPORE | Tue May 21, 2013 2:16am BST. SINGAPORE (Reuters) - The dollar nursed losses versus a basket of currencies on Tuesday, having retreated the previous day as traders pared back expectations that U.S.

The bosses of some of Britain's largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month.

Scotland has been held back by past and present UK governments, Holyrood's SNP administration has claimed. In a paper, to be published later, it cites six areas where Westminster has pursued policies said not to have been in the best interests of Scotland.

The developers of Battersea Power Station broke through the $1bn (�660m) sales barrier yesterday amid �phenomenal� interest in new flats and townhouses at the London landmark.

Ryanair expects to carry close to 82 million passengers this year but believes airport charges and rising fuel costs will dampen profit growth.

OUTSOURCING specialist Mitie yesterday revealed that closing down its mechanical and electrical (M&E) engineering contracts arm will cost it �22.1 million.

Two out of three families are resorting to a 'staycation' this summer as the squeeze on household budgets makes foreign holidays unaffordable, a study has found.