Source Match Internet News
Yahoo near selling partial Alibaba stake for $7.1 billion: source
NEW YORK (Reuters) - Yahoo Inc is nearing a deal on Sunday to sell part of its stake in Alibaba Group back to the Chinese company for $7.1 billion, according to a source familiar with the matter. Under the agreement expected to be announced as soon as Sunday night, Yahoo will sell half of its 40 percent stake in Alibaba in a taxable transaction, the source said. Yahoo plans to use part of the proceeds for a share buyback, the source said, asking not to be named because the matter is not public. Representatives of Yahoo and Alibaba did not have immediate comment. ...
Gee Gees singer Robin Gibb dead at 62
Did a singer's name ever seem so prophetic and appropriate as in the case of Robin, one of the great male songbirds of rock's golden age? Bee Gee Robin Gibb succumbed to a longtime struggle with liver cancer Sunday, a spokesperson confirmed. The Rock & Roll Hall of Famer was 62. His death dashed the hopes [...]
Sleep apnea linked to higher cancer death risk
4 people found dead after boat crash on Iowa river
U.S. commander: Americans in Afghanistan to fight through 2014
The commander of NATO-led forces in Afghanistan bluntly warned Sunday that American soldiers will face combat in that war-torn country right up to the time they leave, December 31, 2014. General John Allen told reporters not to buy into a "narrative" that the handover of security responsibilities to Afghan forces next year means US troops [...]
U.S. trainer shot in Yemen, army advances on militants
Clashes between police, protesters mar peaceful march
Several thousand demonstrators marched through downtown Chicago to protest the start of the two-day NATO summit as planned, streaming into Chicago's Grant park on Sunday afternoon. And unlike Saturday--which featured "increasingly tense clashes" between police and protesters, resulting in 18 arrests--Sunday's march was mostly peaceful. Mostly. But there were some isolated, violent clashes between police [...]
Booker slams Obama ad attacking Romney
Newark Mayor Cory Booker slammed the Obama campaign's ad criticizing Mitt Romney's record as the head of Bain Capital, and called for an end to"nauseating" attacks from both sides. "I have to just say from a very personal level, I'm not about to sit here and indict private equity," Booker, a Democrat, said in an [...]
White House: Megrahi death closes ‘unfortunate chapter’
The White House said Sunday that the death of convicted Lockerbie bomber Abdel Basset Ali al-Megrahi closed "an unfortunate chapter" that opened when Scotland freed the former Libyan intelligence officer on humanitarian grounds in 2009. "We have received confirmation from the Libyan government that Abdel Basset Ali al-Megrahi died earlier today," National Security Council spokesman Tommy Vietor [...]
Afghan Karzai: Thanks for ‘your taxpayers’ money’
Looking to a day when "the Afghan war as we understand it is over," President Barack Obama met Sunday with Afghan President Hamid Karzai to discuss NATO's withdrawal from that strife-torn country by the end of 2014. Obama, who has put the draw-down of combat troops at the heart of his foreign policy, declared that "the [...]
Earthquake kills at least seven in Italy
At least seven people died and 50 were injured after a 6.0-magnitude earthquake struck northern Italy early Sunday, authorities there said. According to CNN, two ceramic factory workers were killed in Sant'Agostino di Ferrara, another in a shed collapse in Ponte Rodoni di Bondeno, and three others in under rubble in various locations. Among the [...]
Lockerbie bomber dies in Libya hospital
Abdel Basset Ali al-Megrahi, the former Libyan intelligence official who was sentenced to life in prison in the bombing of Pan Am Flight 103, has died, the Libyan government said on Sunday. He was 60. The bombing of the Dec. 21, 1988 Pan Am transatlantic flight to New York from London as it flew over [...]
Pakistan blocks Twitter access over "blasphemous content"
Google says it has China's approval for Motorola deal
(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...
Google says it won China's approval for Motorola deal
(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. U.S. ...
Facebook investors left guessing after Nasdaq glitch
SEC to look at Facebook trade glitches
Everything You Need to Know About Facebook's IPO
Now that Facebook's finished its first day on the market, it's time to figure out what it all means. It ended the day at a price of $38.23 per share, almost exactly where it started the morning at $38 per share, does that mean today basically didn't happen? No. As you can see over at our live blog, it was an eventful day, which saw the stock peak at $45 per share, amid tech glitches and a resounding meh from the Internet. What does this mean for Facebook? America? The Internet? Me? You? Let's find out.
Tale of the tape: Google versus Facebook
Historic Facebook debut falls short of expectations
SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares, which opened up 11 percent, closed at $38.23 after a nail-biting last half hour of trading when the shares dipped to their $38 IPO price. Most investors had predicted a first-day pop. More than 576 million shares changed hands, setting a trading volume record for U.S. market debuts. ...
Beyond Facebook: A look at social network history
Facebook IPO averts "odd lot" question
NEW YORK (Reuters) - Facebook Inc's modest debut on Friday may have averted a potential headache for the company and regulators, and kept at bay a debate over the role of "odd lots" in the marketplace. Shares of Facebook traded as high as $45, near the price of $50 that would keep many retail investors from placing a typical "round lot" order of 100 shares, because the total cost will be $5,000 - considered a threshold for many investors. By the end of regular trading on Friday, however, the stock closed at $38.23, just 23 cents, or 0.6 percent, above its initial public offering price. ...
Scramble for Facebook stock ends in "Face-flop"
Nasdaq to resolve early Facebook orders through matching process
Facebook investors left guessing after Nasdaq glitch
Yahoo shares climb on report Alibaba deal near
(Reuters) - Yahoo Inc shares rose as much as 6.7 percent on Friday after a report that it was close to selling part of its valuable stake in the Alibaba Group. Shares of Yahoo climbed as high as $15.87 before easing to $15.64, up 5.2 percent. Yahoo and Alibaba Group, the Chinese Internet group that runs e-commerce site Alibaba.com, are close to an agreement that could happen as soon as Monday, according to a report in All Things D, citing unnamed sources.. Yahoo would sell one-half of its 40 percent stake back to Alibaba. ...
The Best Previews to Facebook IPO Day
Before we watch Facebook be its public self at 11:00 a.m this morning, when its starts trading on the stock market, it's time to get caught up on what this all means. Last night the company priced its stock at $38 per share for a valuation of $104 billion -- the biggest pre-IPO valuation ever, of all time. But what do all those numbers mean for the rest of America? For the Internet? For the economy? For companies? For Facebook? For Facebook employees? For you? So many questions. Luckily, the Internet has been typing about this for days. ...