The Amish Are Getting Fracked
An anonymous reader writes "Old school meets business school. From the New Republic: 'The Amish interpretation of the Christian bible prohibits the use of the courts: Except in rare circumstances, the Amish do not sue. This has created a unique problem in the region. Home to the largest Amish community in the world, Eastern Ohio sits squarely on top of the Utica and Marcellus Shale formations, which contain billions in oil and gas recoverable through advances in hydraulic fracturing technology, or fracking ... When it comes to the oil and gas industry, this means that any agreement an Amish farmer makes with a company is, for the farmer, practically unenforceable. A rare case in which the plaintiffs were Amish suggests that Ohio's oil and gas companies know this and have been willing to take advantage.'"
Chinese Firm Agrees to Buy Smithfield
China's largest meat processor struck a surprise $4.7 billion agreement to acquire Smithfield Foods, a deal that would mark the biggest Chinese takeover of an American company.
Yahoo Pinkie-Swears It Won't Ruin Tumblr
Nerval's Lobster writes "Yahoo has agreed to acquire Tumblr for $1.1 billion. As you know, Yahoo is a major corporation with a need to monetize its assets in a way that makes its shareholders happy, leaving open the question of whether it'll alter Tumblr's DNA in order to make the latter more of a significant cash generator. But at least for the moment, Yahoo seems content to leave its new property alone. 'Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business,' read the company's press release. 'The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.' Tumblr CEO David Karp, who has been known to make some very anti-advertising comments in the past, will remain in place. Even so, anyone who likes Tumblr may have some cause for concern, because Yahoo has a history of making high-profile acquisitions that subsequently implode. Back ...
Greek Tax Crackdown Yields Little Revenue
Tax evasion lies at the heart of the Greek financial collapse, yet efforts to collect billions of euros in taxes from deadbeat residents have yielded little additional revenue.
Microsoft's Most Profitable Mobile Operating System: Android
puddingebola writes "Steven J. Vaughan-Nichols has a piece of commentary discussing Microsoft's profit from their patent claims on Android. From the article, 'To some, Windows 8 is a marketplace failure. But its flop has been nothing compared to Microsoft's problems in getting anyone to use its Windows Phone operating systems. You don't need to worry about Microsoft's bottom line though. Thanks to its Android patent agreements, Microsoft may be making as much as $8 per Android device. This could give Microsoft as much as $3.4 billion in 2013 from Android sales.'"