After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur who dropped out of high school to pursue his dream of bringing more beauty and creativity to the Internet. Read More
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. Read More
Iraq's wave of bloodshed sharply escalated Monday with more than a dozen car bombings across the country, part of attacks that killed at least 95 people and brought echoes of past sectarian carnage and fears of a dangerous spillover from Syria's civil war next door. Read More
White House chief of staff Denis McDonough and other senior advisers knew in late April that an impending report was likely to say the IRS had inappropriately targeted conservative groups, President Barack Obama's spokesman disclosed Monday, expanding the circle of top officials who knew of the audit beyond those named earlier. Read More
A monstrous tornado at least a half-mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds up to 200 mph. At least 51 people were killed, and officials said the death toll was expected to rise. Read More
Authorities believe the driver who plowed into dozens of hikers marching in a Virginia mountain town parade suffered from a medical condition and did not cause the crash intentionally, an emergency official said Sunday.
Officials did not have a formal confirmation or any specifics on the condition, but based on the accounts of authorities and witnesses on the scene, they are confident the issue was medical, according to Pokey Harris, Washington County’s director of emergency management. “There is no reason to believe this was intentional,” she said. Read More
Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets. Read More
A suicide car bombing tore through a U.S. convoy in Kabul on Thursday, killing at least 15 people including six Americans in a blast so powerful it rattled the other side of the Afghan capital. U.S. soldiers rushed to help, some wearing only T-shirts or shorts under their body armor. Read More
Federal authorities in Idaho said Thursday they have arrested an Uzbekistan national accused of conspiring with a designated terrorist organization in his home country and helping scheme to use a weapon of mass destruction.
The U.S. attorney's office said Fazliddin Kurbanov, 30, was arrested at an apartment complex in south Boise on Thursday morning after a grand jury issued a three-count indictment as part of an investigation into his activities in Idaho and Utah. Read More
Habitat for Humanity spent years in a North Texas subdivision, helping build many of the 110 homes in the low-income area. But its work was largely undone during an outbreak of 13 tornadoes Wednesday night that killed six people and injured dozens.
On Thursday, authorities combed through debris in Granbury, while residents awaited the chance to see what was left of their homes. Witnesses described the two badly hit neighborhoods as unrecognizable, with homes ripped from foundations and others merely rubble. Read More