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 April 9, 2012 Afternoon Update |
 TOP NEWSBits BlogFacebook Acquires Instagram for $1 BillionBy JENNA WORTHAMThe social network has acquired Instagram, the popular photo-sharing application, for about $1 billion in cash and stock, Facebook said on Monday. Turkey Says Syria Killed Refugees on Its Side of BorderBy SEBNEM ARSU and ALAN COWELLProspects for a peaceful solution to Syria's conflict appeared to recede further as Turkish officials accused the Syrian military of shooting at refugees inside Turkey for the first time. DealBookAOL and Microsoft Strike $1.1 Billion Patent DealBy MICHAEL J. DE LA MERCEDAOL agreed on Monday to sell Microsoft a portfolio of over 800 patents amid an arms race within the technology industry for intellectual property. The Iceberg Was Only Part of ItBy WILLIAM J. BROADA century after the sinking of the Titanic, new research argues that record tides and ocean mirages may help explain a disaster long associated with human ineptitude.
As Hundreds of Men Perished, One Ignored a Rumor to SurviveBy NICHOLAS WADEOnly 14 percent of the men traveling second-class on the Titanic survived. A grandson of one of them is left to wonder what helped him beat the odds. |
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BUSINESSDealBookAOL Shares Soar on Patent Deal With MicrosoftBy DEALBOOKWhile shares rose more than 45 percent, it remains to be seen whether one of the company's largest shareholders, Starboard Value, will find the deal sufficient. Dior Selects Raf Simons to Replace John GallianoBy CATHY HORYNFollowing the firing of John Galliano last year, the French label Dior switches to a low-key personality. DealBookAvon Appoints New Chief ExecutiveBy BEN PROTESSSherilyn S. McCoy, a vice chairman of Johnson & Johnson, is the new chief executive of Avon Products. Wall Street Slides on Jobs ReportBy CHRISTINE HAUSERStocks fell about 1 percent as investors expressed disappointment with Friday's report on the American labor market. Food Prices Push Rate of Inflation Up in ChinaBy BETTINA WASSENERUnlike in Europe and the United States, where inflation is subdued, China and other emerging economies have seen that prices have been pushed up by robust growth and rising costs. |
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Graphic: Setting the Stage for the Titanic Tragedy
Audio and Photos: They Called It 'Unsinkable'
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