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Report: Yahoo nearing $1.1B acquisition of Tumblr May 17, 2013 NEW YORK (AP) — Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, Calif., company's board of directors will meet Sunday evening... Read More

'Sonic' video games coming to Nintendo

May 17, 2013 LOS ANGELES (AP) — Sonic the Hedgehog is rolling with Nintendo. Sega says it will exclusively release the next three games starring the popular blue critter on Nintendo platforms. The first title will be called "Sonic Lost World" and is set for release on the Wii U and Nintendo 3DS later this year. "With 'Sonic... Read More

Review: Toshiba brings high-res screen to Windows

May 17, 2013 NEW YORK (AP) — Last year, Apple added a visually stunning option to its MacBooks: screens with ultra-high resolution. These "Retina" displays reveal four times as much detail as any Windows laptop screen ... until now. Toshiba just released a new laptop line with a Retina-level display. Does this mean Windows... Read More

Stocks rise on hopeful signs for the US economy

May 17, 2013 NEW YORK (AP) — Encouraging news about the U.S. economy extended the stock market's rally Friday. Small-company stocks rose the most, a sign that investors are taking on more risk. Two companies soared in their stock-market debuts in the latest indication that the market for initial public offerings is reviving.... Read More

J.C. Penney, Stage Stores, ViaSat are big movers May 17, 2013 NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE J.C. Penney Co., down 78 cents at $18.01 Still reeling from its former CEO's turnaround plan, the department-store chain said that its loss in the first quarter widened.... Read More

Hits and misses in Facebook's history May 17, 2013 Facebook made its debut on the stock market a year ago on May 18 in one of the largest IPOs in history and the biggest for any Internet company. The social network's market value was more than $100 billion. Now, Facebook's stock is trading roughly 30 percent lower and has not hit its IPO price of $38 per share.... Read More

Bloomberg appoints ex-IBM CEO as privacy adviser May 17, 2013 NEW YORK (AP) — Bloomberg LP, the financial news and information service, on Friday said it has appointed Samuel Palmisano, the former CEO of IBM, as an independent adviser on its privacy and data standards. The move comes a week after revelations that Bloomberg journalists had access to some information on... Read More

Tableau Software soars in trading debut May 17, 2013 NEW YORK (AP) — Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering. Seattle-based Tableau Software Inc. provides software that helps businesses convert data into visual presentations. The shares... Read More

Famed 'hatchet hitchhiker' arrested in NJ homicide

May 16, 2013 ELIZABETH, N.J. (AP) — A homeless, hatchet-wielding hitchhiker who became an Internet hero earlier this year was arrested Thursday for allegedly beating a New Jersey lawyer to death inside his home. Caleb "Kai" McGillvary, whose star turn as "Kai the Hatchet Wielding Hitchhiker" came after he intervened in an... Read More

News Summary: Dell's PC decay deepens in 1Q May 16, 2013 DELL'S DOLDRUMS: Slumping personal computer maker Dell Inc. is still having trouble adapting to a market increasingly dominated by smartphones and tablets. Quarterly earnings plunged 79 percent as management slashed prices to spur sales. POINT: The dismal performance could help Dell's board persuade more... Read More

Business Highlights May 16, 2013 ___ Wal-Mart's 1Q profit, sales disappoint NEW YORK (AP) — The first few months of the year were tough for Wal-Mart Stores Inc. The world's largest retailer reported Thursday that its first-quarter profit edged up just slightly, and the company struggled with a sales slump in its namesake business during the... Read More

Dell's dismal 1Q illuminates PC maker's challenges May 16, 2013 SAN FRANCISCO (AP) — Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets. The dismal performance announced Thursday provided the latest evidence of a technological shift that is making it... Read More

Labor group says Apple making progress at Foxconn May 16, 2013 WASHINGTON (AP) — A labor group Apple Inc. joined to assess working conditions at three manufacturing plants in China, where its products are made, says conditions are improving. But employees are still working more hours than the country's legal limit. The Fair Labor Association said Thursday that Apple's... Read More

Kohl's, Tesla, Cisco are big movers May 16, 2013 NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Kohl's Corp., up $2.35 at $52.03 The department store chain said that its first-quarter net income fell 5 percent, but its results still beat Wall Street predictions.... Read More

News Summary: Coc Coc passes on charged searches May 16, 2013 PASS IT ON: A Russian-financed search engine seeking to challenge Google's dominance in Vietnam is redirecting queries for some politically sensitive terms to the U.S. company's website. DUCK AND COVER: It's apparently a way for Coc Coc to avoid government anger or legal liability for sending Web surfers to... Read More

Sector Snap: Makers of computer networking gear May 16, 2013 SAN FRANCISCO (AP) — Investors snapped up the stocks of companies that make computer networking gear Thursday after industry leader Cisco Systems Inc.'s latest quarterly earnings raised hope that business is picking up after a long stretch of lackluster demand. Cisco led the rally as its shares surged to their... Read More

UK court jails 4 Lulzsec hackers for cyberattacks May 16, 2013 LONDON (AP) — Four young computer hackers who masterminded cyberattacks on targets from the CIA to Sony Pictures and Rupert Murdoch's News International were sentenced to up to 32 months in prison on Thursday. The hackers, who were affiliated with the group Lulz Security, had all pleaded guilty to hacking... Read More

Stocks flip between gains and losses; Cisco climbs

May 16, 2013 NEW YORK (AP) — Cisco Systems led the Dow Jones industrial average slightly higher Thursday after the technology company reported higher sales. Mixed corporate earnings and economic reports kept the major stock indexes flipping between slight gains and losses. Shortly after noon, the Dow was up 12 points at... Read More

APNewsBreak: Fla. gov. rejects Amazon deal May 16, 2013 TALLAHASSEE, Fla. (AP) — Florida Gov. Rick Scott, who has made job creation his top priority since coming into office, has rejected a proposed deal to bring major Internet retailer Amazon to the state. After months of behind-the-scenes negotiations, Scott ultimately said no to a deal that would have led to the... Read More

Apple says App Store hit 50 billion downloads May 16, 2013 CUPERTINO, Calif. (AP) — Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008. Apple Inc. said Thursday that the 50 billionth download was a game called "Say the Same Thing" by Space Inch. The App Store had 500 apps when it first opened. It now... Read More

EPA taking comments on ND air pollution matter May 16, 2013 BISMARCK, N.D. (AP) — Environmental groups say the federal government should order two coal-fired power plants in western North Dakota to use more sophisticated pollution-control technology, but state officials say the matter already has been settled and no more debate is needed. The federal Environmental... Read More

JPMorgan asks Bloomberg for privacy breach data May 15, 2013 LOS ANGELES (AP) — Lawyers for JPMorgan Chase & Co. are asking financial news and data company Bloomberg LP to turn over any records it has of reporters looking up the log-in and usage data of JPMorgan employees. A formal letter was sent this week, a person familiar with the matter said. The person wasn't... Read More

Stocks climb as traders shrug off economic reports

May 15, 2013 NEW YORK (AP) — Investors nudged the stock market to all-time highs Wednesday despite a handful of disappointing economic reports. Google's stock topped $900 for the first time after the company announced new versions of its prodcuts, and Macy's rose after beating Wall Street's profit estimates. The market... Read More

Cisco 3Q net income rises 14 percent May 15, 2013 NEW YORK (AP) — Cisco's net income jumped 14 percent in the latest quarter as revenue at all four of its divisions rose for the first time in a year and a half. Cisco earned $2.5 billion, or 46 cents per share, in its fiscal third quarter, which ended April 27. That's up from $2.2 billion, or 40 cents per share,... Read More

News Summary: Russians vs Google in Vietnam May 15, 2013 SEARCH ENGINE COMPETITOR: A newly launched Russian-Vietnamese outfit believes it can unseat Google in Vietnam while contending with a jittery, authoritarian government seeking to clamp down on freedom of expression online. THE PREMISE: Coc Coc, or "Knock Knock" in English, believes Google's search engine doesn't... Read More