Looks like all those pennies have added up to a profitable business plan: the 99 cent store announced today that it will likely be bought out for $1.6 billion, reports the AP. The company, which is based on the City of Commerce and has 214 stores in California, received the offer from affiliates of the investment firm Ares Management LLC and the Canada Pension Plan Investment Board. more ›

In like a fox and out with a yodel? Microsoft wants to buy Yahoo for $50 billion. Many have speculated that Microsoft would eventually spring for big Y, as a marriage with the online media giant increasingly appears to be the most viable option to compete with Google in the great war of search and online advertising. Always a fun rumor to kick around, but today it's being corroborated by the WSJ, and considering... more ›