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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
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
Pakistan restores access to Twitter
Pakistan on Sunday restored access to Twitter after briefly blocking the microblog over Pakistan restored access to Twitter after briefly blocking the microblog over "blasphemous" posts about a Facebook competition involving caricatures of the Prophet Mohammed.
Publ.Date : 2012-05-21T04:30:58Z
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
APNewsBreak: 22 states join campaign finance fight
FILE - Montana Attorney General Steve Bullock is seen at an event in which he announced the start of his 2012 gubernatorial campaign on in this Sept. 7, 2011 file photo taken in Billings, Mont. Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending. Bullock argues that political corruption in the Copper King era led to the state ban on corporate campaign spending. A clarification of Citizens United is needed to make clear that states can block certain political spending in the interest of limiting corruption, he said. On Friday, May 18, 2012 Montana's case was given a boost when U.S. Sens. John McCain, R-Ariz., and Sheldon Whitehouse, D-D-R.I., signed on in support. (AP Photo/Matthew Brown, File)Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.
Publ.Date : 2012-05-21T04:12:33Z
Europe faces difficult search for growth
French President Francois Hollande, left, talks with German Chancellor Angela Merkel at the North Atlantic Council meeting in Chicago during the NATO 2012 Summit Sunday, May 20, 2012. French Defense Minister Jean-Yves Le Drian is at back center. (AP Photo/Christophe Ena)On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.
Publ.Date : 2012-05-21T04:06:41Z
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