Yahoo Inc. has agreed to pay $1.1 billion for Tumblr, a six-year-old company with more than 100 million users but very little revenue, a deal that highlights the shifting balance of power in the technology business.

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.

China's housing inflation quickened in April, marking the fourth consecutive year-on-year rise and challenging policymakers who are trying to cool record home prices while supporting economic expansion.

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).

Amtrak officials said service would remain out indefinitely between New York City and New Haven, Conn., because of Friday's derailment and collision affecting the nation's busiest passenger rail corridor.

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.

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 ...

HARTFORD, Conn. (AP) - Connecticut's Foxwoods Resort Casino faces daunting hurdles as it joins a crowded race for the lucrative destination resort business in Massachusetts.

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.