Amazon's Bezos buys Washington Post for $250 mn
The Washington Post, the legendary newspaper that broke the Watergate scandal, is being sold to Amazon founder Jeff Bezos as it seeks to survive the onslaught of the Internet.
New York Times sells Boston Globe to baseball team owner
The New York Times Company announced Saturday that it has agreed to sell The Boston Globe newspaper for $70 million cash to the principal owner of the Boston Red Sox baseball team.
05 August 2013
US antitrust regulators bid to rein in iTunes
The US Department of Justice on Friday launched a bid to more tightly regulate Apple's wildly lucrative iTunes storefront, after the tech giant lost a price-fixing case.
03 August 2013
US stocks see modest gains after busy week
A jam-packed week of economic data and corporate earnings amounted to only modest movement in US equities, as stocks closed out a hectic week of news Friday only somewhat higher.
Old newspaper era is over, Obama says via Kindle
President Barack Obama acknowledged the problems facing the US newspaper industry, ironically in an interview that was distributed via online retail giant Amazon's Kindle e-reader.
02 August 2013
Energy drink makers on defensive at US Senate hearing
The multi-billion-dollar global energy drink industry joined forces on Capitol Hill on Wednesday to fight off growing claims that their caffeine-rich products are hazardous to young people's health.