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 China firm buys AMC to create cinema giant  Wanda, a property group owned by one of China's richest men, said on Monday it would buy US cinema chain AMC Entertainment for $2.6 billion, adding it would create the world's biggest movie theatre owner.Publ.Date : 2012-05-21T05:36:49Z Prosecutors seek life term for accused Bali bombmaker  Indonesian 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 Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion  SHANGHAI/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 Beirut clashes kill 1 amid fear of Syria spillover  Lebanese security officials say overnight clashes in Beirut between Sunni groups that support and oppose the regime in Damascus have killed one person and wounded 10.Publ.Date : 2012-05-21T05:58:11Z Yahoo to sell half of its Alibaba stake for $7.1B  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 Tropical Storm Alberto weakens off SC coast  Tropical Storm Alberto hovered off the South Carolina and Georgia coasts on Sunday, canceling tourist cruises, producing showers and serving as a reminder that the 2012 Atlantic hurricane season is just around the corner.Publ.Date : 2012-05-21T06:21:18Z Survivor: Honduran police fired on passenger boat  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 Families of Lockerbie victims still seek answers  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 Asia stocks mixed after G8 vague on Europe fix Bargain-hunting helped Asian stock markets edge upward Monday, but gains were limited as investors remained unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington. Publ.Date : 2012-05-21T06:00:56Z Chinese company to buy US movie theater chain AMC A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest corporate takeover in the United States to date. Publ.Date : 2012-05-21T05:50:51Z |