Today in the News:
– Yahoo is buying Tumblr for $1.1bn
– Criminal Charges against SAC Capital are being considered
– and Researchers find that the vitamins sunshine provides ‘may treat asthma’
Yahoo’s board has approved a deal to buy New York-based blogging service Tumblr for $1.1bn. If this is confirmed, it will be CEO Marissa Mayer’s largest deal, since taking the lead as CEO of Yahoo in July 2012. Tumblr is currently run by David Karp, a 26-year-old New Yorker who founded the company in 2007, and he is expected to remain in his role. Tumblr hosts 108 million blogs, with a total of 50.7 billion posts. Analysts say that by acquiring Tumblr, Yahoo will gain a larger social media presence and enhance its ability to attract younger audiences in its battle with internet rivals Google and Facebook. The $1.1bn price tag represents a significant premium on Tumblr’s $800m valuation, based on when it last raised money from private investors.
U.S. prosecutors are considering possible criminal charges against SAC Capital Advisors, as a result of the government’s insider-trading investigation of the hedge-fund firm. The move came before the company told clients Friday that it will no longer provide “unconditional” cooperation with the multi-year probe of SAC Capital and billionaire founder Steven A. Cohen. It isn’t clear what led prosecutors to warn the hedge-fund operator that it could be charged criminally, but this new development is the strongest sign yet, that prosecutors and the FBI are trying to put on the heat, as a five-year deadline looms, to file the most serious charges related to insider trading that allegedly involved Mr. Cohen.
The amount of time asthma patients spend soaking up the sun may have an impact on the illness, researchers have suggested. A team at King’s College London said low levels of vitamin D, which is made by the body in sunlight, was linked to a worsening of symptoms. Its latest research shows the vitamin calms an over-active part of the immune system in asthma. Treating patients with vitamin D has not yet been tested, and most people are treated with steroids, but the drugs do not work for everyone. If vitamin D is shown to reduce the amount of medicines required, this would have an enormous impact on people’s quality of life.
Today in the News:
– Yahoo is buying Tumblr for $1.1bn
– Criminal Charges against SAC Capital are being considered
– and Researchers find that the vitamins sunshine provides ‘may treat asthma’
Yahoo’s board has approved a deal to buy New York-based blogging service Tumblr for $1.1bn. If this is confirmed, it will be CEO Marissa Mayer’s largest deal, since taking the lead as CEO of Yahoo in July 2012. Tumblr is currently run by David Karp, a 26-year-old New Yorker who founded the company in 2007, and he is expected to remain in his role. Tumblr hosts 108 million blogs, with a total of 50.7 billion posts. Analysts say that by acquiring Tumblr, Yahoo will gain a larger social media presence and enhance its ability to attract younger audiences in its battle with internet rivals Google and Facebook. The $1.1bn price tag represents a significant premium on Tumblr’s $800m valuation, based on when it last raised money from private investors.
U.S. prosecutors are considering possible criminal charges against SAC Capital Advisors, as a result of the government’s insider-trading investigation of the hedge-fund firm. The move came before the company told clients Friday that it will no longer provide “unconditional” cooperation with the multi-year probe of SAC Capital and billionaire founder Steven A. Cohen. It isn’t clear what led prosecutors to warn the hedge-fund operator that it could be charged criminally, but this new development is the strongest sign yet, that prosecutors and the FBI are trying to put on the heat, as a five-year deadline looms, to file the most serious charges related to insider trading that allegedly involved Mr. Cohen.
The amount of time asthma patients spend soaking up the sun may have an impact on the illness, researchers have suggested. A team at King’s College London said low levels of vitamin D, which is made by the body in sunlight, was linked to a worsening of symptoms. Its latest research shows the vitamin calms an over-active part of the immune system in asthma. Treating patients with vitamin D has not yet been tested, and most people are treated with steroids, but the drugs do not work for everyone. If vitamin D is shown to reduce the amount of medicines required, this would have an enormous impact on people’s quality of life.