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New York City Issues $2,400 Fine for Renting on Airbnb

New York City Issues $2,400 Fine for Renting on Airbnb

Nigel Warren rented out his apartment for three nights for $315; now he has to pay Nigel Warren, the New York tenant who ended up in trouble with the city after renting his room out on Airbnb, just got some bad news. A judge on the city’s Environmental Control…

Yahoo Board Approves $ 1.1B Tumblr Deal

Yahoo Board Approves $ 1.1B Tumblr Deal

Yahoo’s board has approved a deal to buy New York-based blogging service Tumblr for $1.1bn (£725m; 857m euros), US media reports say. The acquisition is expected to be announced on Monday. The deal was a “foregone conclusion” and was a unanimous vote by the board, tech blogAllThingsD reported,…

Tumblr May Reject Yahoo’s $1.1B Acquisition Offer For Being “Too Low”

Tumblr May Reject Yahoo’s $1.1B Acquisition Offer For Being “Too Low”

Tumblr feels that Yahoo’s $1.1 billion offer as “too low” and view it as “only a first offer”, according to sources close to to acquisition talks. Yahoo may have to significantly increase the offer to close the deal. An acquisition by some tech giant is likely in the…

Bloomberg Spying Scandal Gets Worse

Bloomberg Spying Scandal Gets Worse

Bloomberg says it accidentally posted on the internet more than 10,000 private messages that traders sent each other…

YouTube Launches Pay-to-Watch Subscription Channels

YouTube Launches Pay-to-Watch Subscription Channels

YouTube has launched a trial scheme for paid channels on its website. Under the pilot programme, a small number…

Sony Makes First Net Profit in Five Years Despite Falling Demand

Sony Makes First Net Profit in Five Years Despite Falling Demand

Sony is back in the black after posting its first full-year net profit in five years. The company…

DOW Jones Above 15,000

DOW Jones Above 15,000

The Dow Jones industrial average punched through another milestone Tuesday, closing above 15,000 for the first time just…

Internet Sales Tax Bill Faces Tough Sell in House

Internet Sales Tax Bill Faces Tough Sell in House

Traditional retailers and cash-strapped states face a tough sell in the House as they lobby Congress to limit…

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