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NATO allies focus on ending unpopular Afghan war
Anti-war protesters face police during a rally near the NATO summit in ChicagoUS President Barack Obama and NATO allies will focus Monday on logistical aspects of ending the protracted Afghan war after President Hamid Karzai vowed his country will no longer be a "burden" for the international community.
Publ.Date : 2012-05-21T05:40:39Z
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
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
Trial of ex-P&G, Goldman board member starts in NY
FILE- In this Jan. 5, 2012 file photo, former Goldman Sachs board member Rajat Gupta, left, exits Manhattan federal court with his attorney Gary Naftalis, in New York. The insider trading trial of the former board member for Goldman Sachs and Procter & Gamble begins in New York on Monday, May 21, 2012, with jury selection. (AP Photo/Mary Altaffer, File)The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and — by the government's account — criminal.
Publ.Date : 2012-05-21T07:13:21Z
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
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
Tropical Storm Alberto weakens off SC coast
This NOAA satellite image taken Saturday, May 19, 2012, shows tropical storm Alberto 140 miles (225 km) east of Charleston, S.C. Alberto is the first tropical storm of the season and formed Saturday off the coast of South Carolina with top winds of 45 mph (75 kph). (AP Photo/Weather Underground)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
Yahoo! to sell stake in China's Alibaba for $7.1 billion
Alibaba had long expressed a desire to buy back the 43 percent chunk of the company owned by Yahoo!After more than a year of tedious negotiations, struggling US Internet pioneer Yahoo! has agreed to sell its stake in Alibaba, China's top e-commerce player, for at least $7.1 billion, the companies announced.
Publ.Date : 2012-05-21T05:59:05Z
Jury at Edwards trial set to resume deliberations
The jury deciding the fate of John Edwards is set to resume deliberations in North Carolina following a weekend break.
Publ.Date : 2012-05-21T08:04:19Z