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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)Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
Publ.Date : 2012-05-21T06:40:51Z
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
Publ.Date : 2012-05-21T06:53:43Z
Families of Lockerbie victims still seek answers
FILE This Thursday, Aug. 20, 2009 file photo shows Libyan Abdel Baset al-Megrahi, who was found guilty of the 1988 Lockerbie bombing, center, being helped down the airplane steps on his arrival at an airport in Tripoli, Libya. Abdel Baset al-Megrahi, a Libyan intelligence officer who was the only person ever convicted in the 1988 Lockerbie bombing, died Sunday May 20, 2012 nearly three years after he was released from a Scottish prison to the outrage of the relatives of the attack's 270 victims. He was 60. (AP Photo)The death of the only man convicted in the 1988 Lockerbie bombing has left some victims' relatives relieved and others raising questions about his guilt and whether others went unpunished.
Publ.Date : 2012-05-21T07:08:19Z
Prosecutors seek life term for accused Bali bombmaker
Indonesian terror suspect Umar Patek (2nd R) arrives at West Jakarta courtIndonesian prosecutors on Monday asked for a life sentence rather than the death penalty for Umar Patek, the bombmaker accused of being behind the Bali attacks that killed 202 people.
Publ.Date : 2012-05-21T06:35:45Z
Survivor: Honduran police fired on passenger boat
Lucio Adan Nelson Quin, 22, rests while recovering in a public hospital from the wounds caused during an attack involving U.S. helicopters in a DEA-supported anti-drug crackdown by Honduras police in Las Mosquitia region, in La Ceiba, Honduras, Sunday, May 20, 2012. On Friday May 11, Lucio and more than a dozen others dove from a riverboat into the water for cover from Honduran police, who with DEA agents aboard, say they were hitting drug traffickers who fired first. Four died.(AP Photo/Rodrigo Abd)Lucio Adan Nelson dozed on a riverboat ferrying him home from a visit with his mother when helicopters appeared overhead and started shooting. He and about a dozen other passengers traveling in the middle of the night jumped into the water for cover.
Publ.Date : 2012-05-21T06:25:52Z