Marissa Mayer, chief executive of Yahoo, has made her first big bet to jump-start growth at the stalled web portal company with the $1.1bn purchase of New York start-up Tumblr.
In the tech/corporate world, Yahoo! just confirmed that it has agreed to pay $1.1bn for Tumblr, and promised not to "screw it up".
LONDON | Mon May 20, 2013 12:50pm BST. LONDON (Reuters) - British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.
The independent board of Eurasian Natural Resources Corp has rejected a proposed offer by the embattled London-listed miner's billionaire founding shareholders to take it private.
In the letter to the leaders of ten crown dependencies and British overseas territories David Cameron said he backed their right to low tax jurisdictions, but insisted rules needed to be set and enforced fairly.