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WSJ Markets
- Yahoo Deal Shows Power ShiftYahoo has agreed to pay $1.1 billion for Tumblr, a six-year-old company with more than 100 million users but very little revenue, a deal that highlights the shifting balance of power in the technology business.
- Swedish Firms Squeezed as Krona StrengthensSwedish exporters like Sandvik and BabyBjorn are struggling to cope with a stronger krona, which is hurting profits on exports.
- Taiwan Central Bank Ups InterventionTaiwan's central bank has intensified its intervention in foreign-exchange markets to keep the island's currency relatively stable and especially to keep it from rising out of step with its peers.
- For Multinationals, Europe Is Soft SpotSoft European markets were a consistent and negative theme of the first-quarter results from big U.S. industrial companies, and concerns about further deterioration are expected to be a key topic at the annual conference that starts Monday.
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