Ode To Capitalism

WSJ Markets

• Yahoo Deal Shows Power Shift
  Yahoo 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 Strengthens
  Swedish exporters like Sandvik and BabyBjorn are struggling to cope with a stronger krona, which is hurting profits on exports.
• Taiwan Central Bank Ups Intervention
  Taiwan'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 Spot
  Soft 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.