Business news, technology, media and finance reports

Yahoo! set to acquire Tumblr in $1.1 billion deal
TECHNOLOGY

Yahoo! set to acquire Tumblr in $1.1 billion deal

Yahoo! said on Monday that it was set to buy blogging network Tumblr for $1.1 billion, as new Chief Executive Officer Marissa Mayer seeks to rejuvenate the internet company’s image. The deal is expected to be finalised in the second half of the year.
French economy falls back into recession
FRANCE

French economy falls back into recession

The French economy has slipped back into recession, the INSEE statistics agency announced Wednesday, as the eurozone recession entered a sixth quarter — longer than the slump that hit the region during the 2008-2009 financial crisis.
French culture minister backs tablet tax plan
FRANCE

French culture minister backs tablet tax plan

France's culture minister on Tuesday backed taxing tablets and smartphones to provide funding for artists. Aurélie Filippetti also warned that she and many of her European counterparts opposed the inclusion of cultural products in EU-US trade talks.
BNP Paribas sees profits slump 45% in first quarter
BANKING - FRANCE

BNP Paribas sees profits slump 45% in first quarter

French bank BNP Paribas announced Friday that its earnings dropped 45 percent in the first quarter of 2013, dragged down by a sharp decrease in corporate and investment banking as Europe continues to struggle with a stagnating economy.
Syndicate contentNEWS, GOSSIP AND BUZZ
SHRINKING EUROZONE
Click to enlarge.
Syndicate contentTECHNOLOGY NEWS
Close