The board of Yahoo, the faded Web pioneer, agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, people with direct knowledge of the matter said, a signal of how the company plans to reposition itself as the technology ...

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.

ECONOMIC REPORTS Data will include sales of existing homes for April (Wednesday); weekly jobless claims and sales of new homes for April (Thursday); and durable goods orders for April (Friday).

For Jamie Dimon, it has all come down to this: A couple of hours in suburban Tampa will determine whether he emerges humiliated or triumphant.

NEW YORK - U.S. Sen. Kirsten Gillibrand is proposing new legislation to ease the burden for students who have borrowed to pay for their education.

Metra train schedules were back on track Sunday afternoon after a morning derailment of an Amtrak train on the Near South Side . No one was injured, authorities said.

Marie Drake was already displeased Sunday morning when she boarded a free shuttle bus near the 63rd Street Red Line station. The Chicago Transit Authority, she said, hadn't done enough to explain the five-month shutdown of the Red Line's Dan Ryan ...

Asian stocks climbed, extending a two-week rally, after stronger-than-expected U.S. data spurred demand for riskier assets. The yen rebounded from the lowest since October 2008 as gold and silver led precious metals lower.

Fri May 17, 2013 7:02pm EDT. * Freeport first project approved since 2011. * Manufacturers concerned about unlimited gas exports. * Still unclear when DOE will act on other projects.

The outgoing governor of the Bank of England Sir Mervyn King has warned that a government scheme to help the housing market should not become permanent.