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    Yahoo buying Tumblr for $1.1 bln, won't screw it up

    REUTERS - Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa…

    • Jason Bateman confident there's lots more 'Arrested Development' to come 36 minutes ago

      TORONTO - It didn't take much convincing for the "Arrested Development" cast to get behind creator Mitch Hurwitz's unconventional plan to revive the beloved comedy. More »Jason Bateman confident there's lots more 'Arrested Development' to come

      TORONTO - It didn't take much convincing for the "Arrested Development" cast to get behind creator Mitch Hurwitz's unconventional plan to revive the beloved comedy.

    • Websense to go private for $907 million 48 minutes ago

      (Reuters) - Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million. The offer … More »Websense to go private for $907 million

      (Reuters) - Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million. The offer of $24.75 per share represents a roughly 29 percent premium to Websense's Friday close on the Nasdaq. "After detailed discussions with several potential …

    • Files photograph of a Dell laptop computer in New York
      Dell says cannot disclose more information to Icahn yet 1 hour 47 minutes ago

      (Reuters) - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless … More »Dell says cannot disclose more information to Icahn yet

      Files photograph of a Dell laptop computer in New York

      (Reuters) - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. Earlier this month, Icahn and Southeastern offered $12 in cash per share …

    • Visitors play with Microsoft's Xbox 360 consoles at the Tokyo Game Show in Chiba
      New Xbox more than a game console for Microsoft 2 hours 6 minutes ago

      By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox … More »New Xbox more than a game console for Microsoft

      Visitors play with Microsoft's Xbox 360 consoles at the Tokyo Game Show in Chiba

      By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry. But the small device …

    • File photo of Liu Tienan at a news conference in Beijing
      China trying to manage exposure of corruption online 2 hours 7 minutes ago

      By Terril Yue Jones BEIJING (Reuters) - China's Internet is brimming with disclosures of officials collecting bribes, homes and luxury accessories as casually as they … More »China trying to manage exposure of corruption online

      File photo of Liu Tienan at a news conference in Beijing

      By Terril Yue Jones BEIJING (Reuters) - China's Internet is brimming with disclosures of officials collecting bribes, homes and luxury accessories as casually as they do mistresses. But while the government tolerates such anti-corruption vigilantism, it is also extremely leery of the threat the Internet can pose to Communist …

    • TORONTO - Netflix CEO Reed Hastings is standing in line at a bustling Toronto coffee shop, summing up a speech he's set to deliver later in the day on the future of television, when he spies an example of his vision that's so perfect it almost seems planted by his PR team.

    • n Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore

      BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' …

    • The Yahoo logo is shown at the company's headquarters in Sunnyvale

      SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic …

    • The Yahoo logo is shown at the company's headquarters in Sunnyvale, California

      SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion (724 million pounds) in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm …

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      REUTERS - Australia opening batsman David Warner will face a disciplinary hearing for his Twitter outburst against two senior Australian cricket journalists, the country's cricket board said on Sunday. The flamboyant left-handed batsman criticised News Limited journalists Robert Craddock and Malcolm Conn in an expletive-filled …

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      By Ros Krasny WASHINGTON (Reuters) - Cybersecurity professionals know a myriad of ways hackers can try to wreak havoc on critical infrastructure or infiltrate corporations to steal or spy, but it is the fear of the unknown that some say keeps them up at night. U.S. security officials and private sector experts wonder what …

    • File photo of Google founder Sergey Brin posing for a portrait wearing Google Glass during New York Fashion Week

      By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google staged four discussions expounding on the finer points of its "Glass" wearable computer during this week's developer conference. Missing from the agenda, however, was a session on etiquette when using the recording-capable gadget, which some attendees faithfully wore …

    • EU Trade Commissioner Karel de Gucht stands for a portrait while visiting Reuters in New York

      By Daniel Bases NEW YORK (Reuters) - Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines. European Union Trade Commissioner Karel De Gucht said he was prepared to launch …

    • The Yahoo logo is shown at the company's headquarters in Sunnyvale

      SAN FRANCISCO (Reuters) - Yahoo Inc's board will meet on Sunday to vote on whether to offer $1.1 billion (725 million pounds) in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday. Such an acquisition would be CEO Marissa Mayer's largest deal since …

    • A Morrisons sign is seen outside a supermarket in north London

      By James Davey LONDON (Reuters) - British supermarket chain Wm Morrison is investing more than 200 million pounds in a 25-year deal with online grocer Ocado, seeking to catch up with rivals in home delivery and sending Ocado shares to a record high. Morrison, which trails Tesco, Wal-Mart's Asda and J Sainsbury in annual …