Bloggy Business Today

Yahoo’s board approves $1.1 bln Tumblr acquisition

Manager — Mon, 20 May 2013 07:41:50 +0000

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.

Asian stocks rise on signs of steady US recovery

Manager — Mon, 20 May 2013 05:34:44 +0000

A gauge of future economic activity issued Friday rose more than expected, a sign that the world's biggest economy is improving. Consumer confidence also rose, offsetting several lackluster reports on slowing manufacturing and an increase in applications for unemployment benefits.

Developing countries to get bigger share of investments-World Bank

Manager — Fri, 17 May 2013 10:20:00 +0000

The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, the World Bank predicted in a report on Thursday.

Pipeline leak halts Shell’s gas deliveries in Nigeria

Manager — Fri, 17 May 2013 05:50:20 +0000

Shell Petroleum Development Co Ltd on Thursday said it had stopped natural gas deliveries to Nigeria because of a pipeline leak there.

HSBC may cut up to 14,000 more jobs

Manager — Wed, 15 May 2013 14:34:58 +0000

HSBC could cut another 14,000 jobs as part of the next phase of its plan to cut up to $3 billion more in annual costs and slim down, it said on Wednesday.