Business Stories

SAN FRANCISCO | Fri May 17, 2013 9:09pm EDT SAN FRANCISCO (Reuters) – Yahoo Inc’s board will meet on Sunday to vote on whether to offer $1.1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited … Continue reading →

Fri May 17, 2013 9:11pm EDT (Reuters) – The New York Stock Exchange canceled trades in Anadarko Petroleum Corp (APC.N) after a blip in trading cut the market value of the company by 99 percent, according to a report in … Continue reading →

By Jonathan Stempel Fri May 17, 2013 9:24pm EDT (Reuters) – A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase Co (JPM.N) of misleading Belgian-French bank Dexia SA (DEXI.BR) into buying more than $1.6 billion of troubled … Continue reading →

BEIJING | Fri May 17, 2013 9:54pm EDT BEIJING (Reuters) – Average new home prices in China’s 70 major cities rose 4.9 percent in April from a year earlier, according to Reuters calculations based on official data published on Saturday, … Continue reading →

By Emily Flitter and Katya Wachtel NEW YORK | Fri May 17, 2013 6:04pm EDT NEW YORK (Reuters) – Steven A. Cohen’s hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate “unconditionally” with the U.S. … Continue reading →

WASHINGTON | Fri May 17, 2013 6:22pm EDT WASHINGTON (Reuters) – Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released … Continue reading →

By Alistair Barr SAN FRANCISCO | Fri May 17, 2013 7:18pm EDT SAN FRANCISCO (Reuters) – Target Corp (TGT.N) said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. … Continue reading →

By David Henry NEW YORK | Fri May 17, 2013 7:41pm EDT NEW YORK (Reuters) – Pension and endowment managers on Friday called on regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase … Continue reading →

By Masayuki Kitano SINGAPORE | Fri May 17, 2013 12:36am EDT SINGAPORE (Reuters) – The dollar held firm near a 10-month high versus a basket of currencies on Friday after a U.S. Federal Reserve official said the central bank may … Continue reading →

JOHANNESBURG | Fri May 17, 2013 2:07am EDT JOHANNESBURG (Reuters) – Miners at South Africa’s Anglo American Platinum (Amplats) (AMSJ.J) reported for work on Friday, a company spokeswoman said, despite earlier calls for a strike by some union leaders. Amplats … Continue reading →