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Tuesday - June 18, 2013

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Lending is lifeblood for small businesses

Yahoo brings back 5 ex-employees in latest deal

Yahoo has bought Silicon Valley startup Jybe so it can bring back five of its former engineers to help the Internet company build better mobile applications. The deal announced Wednesday marks Yahoo's fourth acquisition of a small startup during the past five months. In each instance, Yahoo been more interested in obtaining the startups' brainpower than the services that they provided. As with its other recent acquisitions, Yahoo Inc. didn't disclose the purchase price. Jybe's mobile service that gathered people's recommendations about food and entertainment is closing down so its five employees can focus on other projects at Yahoo Inc. All five Jybe workers were formerly employed at Yahoo before the company hired former Google Inc. executive Marissa Mayer as its CEO eight months ago.

1. Lending is lifeblood for small businesses
2. FedEx 4Q profit drops as economic growth is weak
3. Strollers recalled over tire blowouts
4. Fed suggests it’s closer to slowing bond purchases
5. Swiss bill to protect banks perishes
6. Zero percent doesn’t necessarily mean zero worries
7. Smart grocery shopping pays off
8. Bernanke comments on stimulus’ end stagger stocks
9. Banks violate $25B mortgage settlement
10. Familiar face -- and company founder -- loses Men’s Wearhouse job
11. SEC investigation to continue into ‘suspicious’ acquisition of Heinz stock option

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