Yahoo Inc.'s board has approved a deal to acquire blogging startup Tumblr, people familiar with the matter said Sunday. Yahoo has agreed to pay $1.1 billion in cash to acquire Tumblr, one of the people said.

NEW YORK -- It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola.

Americans' confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.

Give American Airlines credit for trying a new method to board passengers more quickly. Airlines constantly tinker with the boarding process, and this time American says it has found a way to cut an average of two minutes from the 40 minutes to 45 minutes ...

Yesterday, J.C. Penney announced a serious first quarter loss of $348 million, or $1.58 per share and a revenue slump of 16.4% to $2.635 billion as same store sales dropped 16.6%.

Global consulting firm Accenture has agreed to buy digital marketing company Acquity Group for $316 million, the companies announced Friday.

Sir Mervyn King, Bank of England governor, on Sunday damped Treasury enthusiasm over �increasing momentum� in the economy, warning George Osborne that his policy to stimulate the housing market could cause future problems.

The Coast Guard will kick off hearings Monday on how a Royal Dutch Shell PLC drill barge used for Arctic Ocean exploratory drilling ended up aground off a remote Alaska island.

The Obama administration on Friday cleared the way for broader natural-gas exports by approving a $10 billion facility in Texas, a milestone in the U.S.

WASHINGTON | Sat May 18, 2013 11:14am EDT. WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards, delivering a sweeping look at the last 100 ...