Other News & Stories

Yahoo! Closes the Deal, Buys Tumblr at $1.1 Billion

The Yahoo! board has reportedly approved a deal to pay $1.1 billion in cash for the blogging site, Tumblr. Marissa Mayer, Yahoo!’s CEO is expected to announce the deal this Monday at an event in Manhattan. The search engine has been on an acquisition streak under Mayer as part of the company’s efforts to reach a younger and more mobile audience.

The deal to buy the blogging website that is popular among yuppies is a demographic that Yahoo! has had trouble reaching.  This will also be the largest acquisition of Marissa Mayer’s tenure. The former Google executive took over the reins of the struggling Internet company in 2012 and hasn’t been afraid to make such acquisitions.

But Yahoo! remains a giant in the Internet world, with around 700 million visitors to its site every month. The majority of its revenues come from adverts.

One factor is still unclear, though; we don’t know if that deal with Yahoo! would result in more adverts in Tumblr.

May 20, 2013 at 9:26 amMind of Money

Creative Arts May Help Cancer Patients Deal With Anxiety

anxiety-pms-300x200According to a new report, cancer patients who participate in art activities such as music, art, dance, and writing may help reduce anxiety, depression, and pain.

Timothy Puetz, presidential management fellow at the U.S. National Institutes of Health’s Office of the Director, said that taking parts in these art activities is a great chance for patients to complement the healing process beyond the physical.

Together with his colleagues, Puetz examined 27 published studies that included more than 1,500 cancer patients. The review was published online on May 13 in the journal JAMA Internal Medicine. They checked on the effects of the creative arts on common problems associated with cancer. These include anxiety, depression, pain, fatigue and quality of life. Arts did indeed have an effect on all issues except fatigue.

According to Puetz, studies on the effects of creative arts on cancer-related health problems have gotten much less attention than other therapies.

May 16, 2013 at 3:49 amHead of Health

Toyota Remains No. 1 Despite Sales Drop

toyota carshowToyota remains the world’s top-selling automaker in the first quarter of this year despite its sales fall in Japan and China.

Toyota Motor Corp. reported that it sold 2.43 million vehicles during the January-March period, outpacing U.S. automaker General Motors Co. at 2.36 million, and Volkswagen AG of Germany at 2.27 million.

Toyota’s first quarter sales went down by 2.2% from a year earlier, while those for GM were up 3.6% and Volkswagen’s jumped 5.1%. This shows GM’s quarterly results were within about 69,000 vehicles of Toyota’s.

The Japanese car manufacturer reclaimed its crown as world’s top automaker last year after losing it to GM a year earlier, when it was affected by the tsunami and quake disasters in northeastern Japan. GM had been No. 1 for seven decades before losing that title to Toyota in 2008.

The three-way race continues as the contenders for the number one spot work on improving their models to gain more buyers. Get the full details about this news here.

May 14, 2013 at 8:55 amThe Marketing Section