Report: Bidder eyes buying Time Warner magazines

Time Inc. said Wednesday it was cutting several hundred jobs as the US publishing giant streamlines to adapt to a "multi-platform" media landscape.

US magazine publisher Time Inc. said Wednesday it will produce versions of all of its 21 US titles for tablet computers by the end of the year.

(AP) -- One of the world's largest magazine publishers appears to be having second thoughts about giving away most of its articles on the Internet.

Media and entertainment giant Time Warner said Tuesday it was extending the contract of its chairman and chief executive Jeff Bewkes through 2017.

Time Warner on Wednesday named Laura Lang, chief executive of digital marketing agency Digitas, to run its extensive stable of magazines, which includes Time, People and Sports Illustrated.

Time Inc., publisher of Time, Fortune, Sports Illustrated, People and other magazines, plans to lay off some 540 employees starting next week, or six percent of its workforce, The New York Post reported Friday.

(AP)—Yahoo CEO Marissa Mayer is promising to unveil "something special" Monday in New York as she tries to attract more traffic and advertising to the Internet company.

(AP)—The Canadian government is trying to lure Silicon Valley tech workers who are frustrated by U.S. visa policies, just as Congress wrestles with a long-sought overhaul of America's immigration system.

(AP)—Bloomberg LP, the financial news and information service, on Friday said it has appointed Samuel Palmisano, the former CEO of IBM, as an independent adviser on its privacy and data standards.

Apple and US lawmakers are gearing up for a showdown over taxes—specifically how to deal with the huge stockpile of cash held by Apple and other multinational firms offshore.

Yahoo! scheduled a news conference Monday amid reports it was in talks on with the popular blogging platform Tumblr about an acquisition or strategic alliance.

(AP)—Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.