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Yahoo to sell half of its Alibaba stake for $7.1B
FILE - In this Aug. 11, 2005, file photo, a man walks past a screen displaying the Yahoo and Ali Baba.com logos before a joint news conference by the companies at the China World hotel in Beijing. Yahoo announced that it has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. (AP Photo/Elizabeth Dalziel, File)Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion, and the struggling U.S. Internet company said it would return most of the cash to shareholders.
Publ.Date : 2012-05-21T04:39:48Z
Miss. prison riot leaves guard dead, 6 hurt
Authorities say a riot at a privately run federal prison in southwest Mississippi that left one guard dead and five other correctional officers and an inmate injured has been brought under control.
Publ.Date : 2012-05-21T05:21:52Z
Spurs rally to beat Clippers, win series
San Antonio Spurs center Tim Duncan dunks as Los Angeles Clippers forward Blake Griffin during the first half in Game 4 of an NBA basketball playoffs Western Conference semifinal, Sunday, May 20, 2012, in Los Angeles. (AP Photo/Mark J. Terrill)Tim Duncan scored 21 points, Tony Parker added 17 and the San Antonio Spurs rallied in the final minutes to beat the Los Angeles Clippers 102-99 on Sunday night, closing out the series 4-0 and advancing to the Western Conference finals.
Publ.Date : 2012-05-21T05:25:57Z
Oil rises near $92 ahead of key Iran nuclear talks
Oil prices rose to near $92 a barrel Monday in Asia ahead of talks this week aimed at avoiding a military conflict over Iran's nuclear program.
Publ.Date : 2012-05-21T05:07:32Z
Dominican ruling party candidate headed for win
A woman mark her ballot during the presidential election in Santo Domingo, Dominican Republic, Sunday May 20, 2012. (AP Photo/Manuel Diaz)A governing party official appeared headed for a first-round win in the Dominican Republic's presidential election as supporters of his opponent complained of rampant vote-buying and other forms of fraud.
Publ.Date : 2012-05-21T05:18:51Z
Protesters march through Chicago to NATO summit
Demonstrators make a futile attempt to stop a Chicago police officer from detaining a protester during this weekend's NATO summit in Chicago Sunday, May 20, 2012 in Chicago. (AP Photo/Seth Perlman)Thousands of protesters marched through downtown Chicago on Sunday in one of the city's largest demonstrations in years, airing grievances about war, climate change and a wide range of other complaints as world leaders assembled for a NATO summit.
Publ.Date : 2012-05-21T04:45:58Z