Today's Highlights
Yahoo to sell half of its Alibaba stake for $7.1BHONG KONG (AP) — Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion, and the struggling U.S. Internet company said it would return most of the cash to shareholders.
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Asia stocks mixed after G8 vague on Europe fixBANGKOK (AP) — 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.
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Pakistan blocks Twitter over contentious tweetsISLAMABAD (AP) — Pakistan blocked the social networking website Twitter for several hours because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.
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