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Sunday, May 20th

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Forbes.com: News
News and reports from Forbes.com
  • Yahoo! And Alibaba Reach Deal To Unwind Relationship
    For and !, the end of their strained relationship is finally in sight. On Sunday night, Ma?s Alibaba Group and ! announced a deal under which the Chinese e-commerce company would buy back a roughly 20% stake in itself from the struggling U.S. web portal for about $7.1 billion. That represents about half of !?s ...
  • Russia Happy With Obama
    Russian Prime Minister said his country?s leadership was happy with their relationship with President despite the ongoing differences of opinion surrounding the NATO missile shield on Russia?s border. Speaking with a Ria Novosti reporter on the sidelines of the G8 Summit at Camp David, Medvedev said, "I am satisfied with the talks. It means that ...
  • 'Grexit' Not Happening, Lemierre Tells India Daily
    Grexit? Not happening.
  • Pakistan Briefly Censors Twitter
    Pakistan briefly blocks Twitter.
  • On Looser Money, China's Wen Says Now
    China ready to unleash more fiscal and monetary stimulus, but wall of money strategy over for now.
Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
  • Nasdaq to revamp system after tech problems on Facebook IPO: WSJ
    (Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported.

  • Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
    (Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.

  • G8 growth talk leaves wary markets awaiting action
    (Reuters) - A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets.

  • Facebook faces crucial week after modest debut
    NEW YORK (Reuters) - Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater.

  • Global markets regain ground but still edgy over Greece
    TOKYO (Reuters) - Markets recovered some ground on Monday after heavy losses last week, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth.