Thought of the Day:
"In our effort to close the gap between clock and the compass in our lives, many of us turn to the field of 'time management.'"

Friday, May 24th

Last update01:07 PM (UTC +8:00)

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Market

Google Said to Consider Buying Waze Presaging Bidding War

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world marketGoogle Inc. (GOOG), maker of the Android operating system, is considering buying map-software provider Waze Inc., setting up a possible bidding war with Facebook Inc., people familiar with the matter said.

Tesla Repaying Loan for ‘Losers’ Gives Obama Green Win

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world marketTesla Motors Inc. (TSLA), labeled a “loser” by Mitt Romney during the U.S. election, is giving President Barack Obama’s green-energy strategy its biggest win after almost two years of failures pounced upon by Republicans.

Samsung-LG Misstep On TV Screens Creates Opening For Sony

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world marketSamsung Electronics Co. (005930) and LG Electronics Inc. (066570) are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs almost $10,000 a set.

Tumblr’s 26-Year-Old Founder Celebrates $1.1 Billion Deal

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world marketTumblr Inc. Chief Executive Officer David Karp, a 26-year-old who started the company in 2007, signed a note announcing Yahoo! Inc. (YHOO)’s $1.1 billion acquisition with the closing, “F--- yeah.”

Singapore’s Changi Airport Seeks Growth With Gold, Tuna

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world marketChangi Airport, Southeast Asia’s largest freight airfield, plans to attract more gold bars, tuna and vaccines to Singapore as it seeks to increase handling of high-value cargo to make up for slowing trade.