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Yahoo to acquire Tumblr for $1.1 billion cash

(Reuters) - Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalize the struggling Internet pioneer by co-opting a Web property with strong visitor traffic but little revenue. The deal, which will use about a fifth of Yahoo's $5.4 billion in cash and marketable securities, is the largest by far since Mayer took the reins in July seeking to reverse a multi-year decline in Yahoo's business and Web traffic. ...

New iPhone apps worth downloading: Viralheat, Haunting Melissa, Frozen Synapse for iPad

Start the week by managing your social networking feeds a little easier with Viralheat. It aggregates your feeds and accounts from multiple social networks into one app, allowing easier updating and analytics on how well your posts fare. Haunting Melissa is an experimental, chapter-based horror film, and is brought to you by the producer of The Ring. Finally, strategy game Frozen Synapse brings tons of turn-based intensity and lots of multiplayer offerings for iPad players.

Dell says cannot disclose more information to Icahn yet

(Reuters) - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell's $24.4 billion bid to take the company private. ...

New Xbox more than a game console for Microsoft

By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry. But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market. ...

China trying to manage exposure of corruption online

By Terril Yue Jones BEIJING (Reuters) - China's Internet is brimming with disclosures of officials collecting bribes, homes and luxury accessories as casually as they do mistresses. But while the government tolerates such anti-corruption vigilantism, it is also extremely leery of the threat the Internet can pose to Communist Party rule. The Internet is the new tool in the fight against corruption - a cornerstone policy of new President Xi Jinping, who has pledged to tackle the problem head-on. ...

Infosys to challenge latest tax demand of $105.3 million

BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from special economic zones in India, Infosys said in a statement. It said the latest tax demand disregards a clarification by the government in January. ...

Teens Are This Excited About Yahoo! Buying Tumblr

Now that Tumblr is a Yahoo! property, just like the beleaguered Flickr, some are predicting the service's death already and the deal hasn't even been officially announced yet. Those people are dramatic teens who use Tumblr but that's still a pretty big deal. 

Dear American Consumers: Please don t start eating healthfully. Sincerely, the Food Industry

Dear American Consumers: Please don t start eating healthfully. Sincerely, the Food Industry

Very Fine Art: 6 Stunningly Beautiful Nanoscale Sculptures [Slide Show]

Very Fine Art: 6 Stunningly Beautiful Nanoscale Sculptures [Slide Show]

Who's Paying the Price for Global Warming?

U.S. taxpayers have so far borne the brunt of climate change costs. David Biello reports