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Today's Video Update: Yahoo Bets A Billion
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Today's News
Yahoo looks to regain its cool with Tumblr deal
11 hours ago
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur who dropped out of high school to pursue his dream of bringing more beauty and creativity to the Internet.
License of La. explosives company suspended
11 hours ago
An explosives recycling company that authorities said improperly stored millions of pounds of a military propellant, causing the evacuation of a Louisiana town last year, was stripped of its state explosives licenses on Monday. The company has not been charged with any crimes, but state and federal investigations are ongoing.
S&P downgrades Dell debt rating to 'BBB'
12 hours ago
Standard & Poor's Ratings Service lowered its credit rating on Dell Inc. by two notches, reflecting the computer marker's worsening operating performance. S&P noted that operating margins in the computing segment, which makes up the majority of Dell's revenue, fell to 2.5 percent from 6.5 percent year over year.
General Cable brings back quarterly dividend
12 hours ago
General Cable Corp. said Monday that it will issue a quarterly dividend of 18 cents per share in June, the wire and cable maker's first payout since 2002. General Cable, based in Highland Heights, Ky., makes copper, aluminum and fiber optic wire and cable products for the energy, industrial and communications markets.
