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Comparing Yahoo and Tumblr, as Internet pioneer agrees to buy blogging service

Yahoo is paying $1.1 billion to buy the popular blogging site Tumblr. It's part of Yahoo's comeback efforts, after years in a financial funk. Tumblr will give Yahoo more opportunities to sell advertising. Here's how the two companies compare: — TUMBLR FOUNDED: February 2007 by software consultant David Karp and Web developer Marco Arment. HEADQUARTERS: New York LEADERSHIP: Founder David Karp, 26, is CEO. He owns a 25 per cent stake in the company. EMPLOYEES: 175

Google set to challenge Microsoft Office

Sources claim the search giant Google is set to roll out a true alternative to the Microsoft Office productivity suite. Google already offers a number of apps, both within its Google apps suite as part of the Chrome browser and within its Google Play app store for smartphones and tablets. However, until now their functionality has been limited. Most notably, though compatible with .doc files, they haven't worked with .docx files, the current Word format. However, that is set to change.

Sprint receives SoftBank waiver to consider Dish offer

TOKYO (Reuters) - Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier. Sprint said its recommendation in favor of the SoftBank agreement had not changed, although some major Sprint shareholders including Paulson & Co and Omega Advisors have publicly said the Dish offer looks better than SoftBank's deal.

Google set to challenge Microsoft Office

Sources claim the search giant Google is set to roll out a true alternative to the Microsoft Office productivity suite. Google already offers a number of apps, both within its Google apps suite as part of the Chrome browser and within its Google Play app store for smartphones and tablets. However, until now their functionality has been limited. Most notably, though compatible with .doc files, they haven't worked with .docx files, the current Word format. However, that is set to change.

Google set to challenge Microsoft Office

Sources claim the search giant Google is set to roll out a true alternative to the Microsoft Office productivity suite. Google already offers a number of apps, both within its Google apps suite as part of the Chrome browser and within its Google Play app store for smartphones and tablets. However, until now their functionality has been limited. Most notably, though compatible with .doc files, they haven't worked with .docx files, the current Word format. However, that is set to change.

Gay marriage law strains UK Cameron's leadership, government

By Andrew Osborn LONDON (Reuters) - British Prime Minister David Cameron's flagship gay marriage policy is set to deepen a rift in his own party on Monday with many of his own lawmakers preparing to defy him in a sign of growing strains on his leadership and his coalition government. Up to half of Cameron's 303 lawmakers in the lower house of parliament are expected to back an amendment that the government says would sabotage its efforts to legalize gay marriage.

Obama, China's Xi to meet in California on June 7-8

U.S. President Barack Obama will meet with Chinese President Xi Jinping on June 7 and 8 in California for the first time since Xi took office in March, the White House said Monday. The two leaders will "review progress and challenges in U.S.-China relations over the past four years and discuss ways to enhance cooperation," the White House said. U.S. National Security Adviser Tom Donilon will make a three-day visit to Beijing from Sunday to prepare for the meeting, it said.

Small company stocks take limelight as Russell 2000 index climbs above 1,000 for first time

NEW YORK, N.Y. - Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street. The Russell 2000, an index of small-company stocks, climbed above 1,000 points for the first time and ended higher Monday, even as the Dow Jones industrial average, the Standard Small stocks are doing well because they are more focused on the U.S., which is recovering, and are less exposed to recession-plagued Europe than the large international companies that make up the Dow and the S

Senators working on immigration bill would require fingerprinting at 30 busiest airports

WASHINGTON - Senate supporters of far-reaching immigration legislation accepted minor changes in public while negotiating over more sweeping alterations in private Monday as they drove toward expected Judiciary Committee approval by mid-week. In a long day of drafting, the panel voted to begin phasing in a requirement for foreigners to undergo fingerprinting when they leave the country. Lawmakers also agreed to make an immigrant's third drunk driving conviction a deportable offence in some cases.

Spain on path to surmount economic crisis, experts say

Mexico City, May 20 (EFE).- Spain is enduring an economic crisis reminiscent of those that wracked Latin American countries in previous decades, but the Iberian nation is now in a position to emerge from recession thanks to the steps Madrid has taken over the last few years, experts said here Monday. "The country is moving, it has made peace with the losses, knows that the growth model of the past was not sustainable and is in transition to another model," the Inter-American Development Bank's chief economist, Spaniard Jose Juan Ruiz, said.
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