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Yahoo! to buy Tumblr for $US1.1bn: report

Yahoo! has agreed to a deal to purchase the popular blogging platform Tumblr for $US1.1 billion ($A1.13 billion), the Wall Street Journal reports.

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Strong data pushes US stocks to new highs

Strong consumer sentiment and a positive reading of an index of economic indicators have pushed US stocks to new record highs.

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Australian shares close higher

The Australian share market closed higher on Friday, led by mining stocks that rebounded after heavy selling in recent days

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US stocks follow foreign markets higher

Following gains in foreign markets, US stocks have opened higher.

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Australian stocks down on commodities weakness

Australian stocks finished lower as weaker commodity prices pushed the big miners into negative territory and weighed down the wider market

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Phosphate group finds partner

Central Australian Phosphate's shares fell after Canadian gold miner Monument Mining withdrew from a takeover battle and instead agreed to a farm-in deal.

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