Verizon is selling Tumblr to the owner of WordPress.com

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Verizon is selling Tumblr to the owner of WordPress.com

Verizon Communications Inc. agreed to sell the blogging platform Tumblr to Automattic Inc., the latest sign the wireless giant is dismantling its online empire. Terms of the transaction weren’t material, Verizon said, suggesting Tumblr sold for a tiny fraction of …
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Motherson Sumi consolidated net profit dips 42% in Q1

Auto component major Motherson Sumi Systems Limited (MSSL) Monday reported 42 per cent decline in consolidated net profit at Rs 360.64 crore for the first quarter ended June 30, 2019. Revenues from operations during the period under consideration …
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Amgen resurgent as court victory for top drug eases doubts

Over the past 17 years, Amgen has earned more than $60 billion from sales of its anti-inflammatory drug Enbrel, which it acquired via a 2002 buyout of the medicine’s original developer, Immunex. A court decision issued last week could protect that business …
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How to Avert a New War in Gaza

Tensions between Israel and Hamas reignited this spring in the worst fighting since their 2014 war, sparking fears that another full-scale conflict could
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Uber says it will stop going to Ontario airport

Uber said it’s stopping its service at Ontario International Airport next month because of fee increases. The airport east of Los Angeles now charges ride-hailing companies such as Uber and Lyft $4 for a drop-off or pickup, up from $3. The new fees, which went …
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