Archive for category Business

Tumblr CEO’s mom gushes over billion-dollar baby

In this Oct. 1, 2012 file photo, Tumblr founder David Karp participates in the "Bloomberg Leadership Summit" seminar in New York. In a deal announced Monday, May 20, 2013, Yahoo is buying New York-based Tumblr, the online blogging forum, for $1.1 billion. About $275 million will go to Karp, 26, who dropped out of high school to concentrate on computer programming and started Tumblr six years ago. (AP Photo/Charles Sykes/Invision for Advertising Week)

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.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , ,

Stock prices are little changed in early trading

In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday.  (AP Photo/Richard Drew)

NEW YORK (AP) — Small-company stocks were a bright spot in a subdued start to the week for Wall Street.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , ,

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.

Read the rest of this entry »

Tags: , , , , , , , , , , ,

BC-Wall Street-Glance

Dow Jones Industrials

Read the rest of this entry »

Tags: , ,

High crop prices entice farms to expand planting

In this Wednesday, April 10, 2013 photo, farmer Clark Kelly holds a golf ball he dug out of a fairway on the Hend-Co-Hills Golf Course, in Biggsville, Ill. Kelly purchased the course, which was in foreclosure, with plans to plow it into farm land. Across the Midwest, farmers are planting crops on almost any scrap of available land to take advantage of consistently high corn and soybean prices. (AP Photo/Charlie Neibergall)

BIGGSVILLE, Ill. (AP) — Clark Kelly plans to spend a lot of time on the links this spring. The Illinois farmer is plowing the Hend-Co-Hills Golf Course near tiny Biggsville into a cornfield.

Read the rest of this entry »

Tags: , , , , ,