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Yahoo to sell half of its Alibaba stake for $7.1B

The logo of Yahoo is seen in its Hong Kong office in Hong Kong Monday, May 21, 2012. 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. (AP Photo/Vincent Yu)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.



Beirut clashes kill 2 amid fear of Syria spillover

A Lebanese man steps out from a destroyed building that was damaged during clashes erupted between pro- and anti-Syrian Sunni groups, in Beirut, Lebanon, Monday May 21, 2012. Gunmen fired rocket-propelled grenades and machine guns early Monday in intense street battles in the Lebanese capital, wounding and killed several people as fears mounted that the conflict in neighboring Syria was bleeding across the border. The clashes erupted hours after an anti-Syrian cleric and his bodyguard were shot dead in northern Lebanon.(AP Photo/Hussein Malla)Street battles between pro- and anti-Syrian groups in the Lebanese capital killed two people overnight and wounded 15 as the spiraling conflict in neighboring Syria spilled across the border.



Facebook stock limps into Monday

Facebook launched its initial public offering Friday with shares priced at $38Facebook resumes trading on Wall Street on Monday with shares being closely watched to see how well they stand on their own after stumbling out of the gate in a historic but lackluster debut.



Greece's new prime minister meets party leaders

Greece's newly installed caretaker prime minister is holding talks with party leaders ahead of Wednesday's European Union summit as campaigning gets underway for next month's elections.


Three climbers die on Everest

German, South Korean and Canadian climbers died on Everest yesterdayThree climbers have died on their descent from the summit of Mount Everest, tour agents and officials said Monday, bringing the season's death toll to five on the world's highest peak.



3 climbers die on Mount Everest, 2 still missing

FILE - In this Oct. 27, 2011 file photo, the last light of the day sets on Mount Everest as it rises behind Mount Nuptse as seen from Tengboche, in the Himalaya's Khumbu region, Nepal. Mountaineering Department official Gyanendra Shrestha said Monday, May 21, 2012, that a German, a Nepal-born Canadian and a Korean died Saturday while descending from the 8,850-meter (29,035-foot) summit. (AP Photo/Kevin Frayer, File)Three climbers who were among scores who scaled Mount Everest over the weekend died on their descent and two more are missing, a Nepalese official said Monday.



US warns NKorea against another nuke test

U.S. envoy on North Korea, Glyn Davies answers reporter's questions after meeting with South Korea's chief nuclear envoy Lim Sung-nam and Lim's Japanese counterpart Shinsuke Sugiyama at the Foreign Ministry in Seoul, South Korea, Monday, May 21, 2012. The top U.S. envoy for North Korea is warning Pyongyang that any nuclear test will be met with The top U.S. envoy for North Korea warned Pyongyang on Monday that any nuclear test would be a serious miscalculation that would unify the world in seeking swift, tough punishment.



Yemen officials: Militants injured US soldier

Yemeni security officials say militants have opened fire on three U.S. Coast Guard trainers in western Yemen, wounding one.


Group: Palestinian shot as Israeli troops stood by

An Israeli human rights group has released a video suggesting Israeli soldiers stood by while Jewish settlers opened fire on Palestinians in the West Bank, wounding one.


Prosecutors seek life for Bali bombing suspect

Indonesian Muslim militant Umar Patek sits inside a police van as he leaves West Jakarta district court after his hearing in Jakarta, Indonesia, Monday, May 21, 2012. Prosecutors are seeking life in prison for Patek who was accused of building the car bomb used in the 2002 Bali nightclub attacks. (AP Photo/Tatan Syuflana)Prosecutors said Monday an Indonesian militant known as the "Demolition Man" should spend the rest of his life in prison for helping to build the car bomb used in the 2002 Bali nightclub attacks.



Chinese activist visits NY's Central Park

FILE -- In a May 19, 2012 file photo blind Chinese legal activist Chen Guangcheng arrives at Washington Square Village on the campus of New York University in New York. He is planning to study law at NYU. But before that, he says he is planning to spend time recuperating. (AP Photo/Henny Ray Abrams/file)A day after leaving China, a blind legal activist headed for New York City's backyard — Central Park.



Prosecutors seek life for 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 Bali bombmaker Umar Patek, arguing that his remorse in the dock should spare him from a firing squad.



Eclipse crosses Asia, US: Millions look skyward

The annular solar eclipse is seen as the sun sets behind the Rocky Mountains from downtown Denver late on Sunday, May 20, 2012. The annular eclipse, in which the moon passes in front of the sun, was visible across Asia as well as the southwest part of the United States. (AP Photo/David Zalubowski)From a park near Albuquerque, to the top of Japan's Mount Fuji, to the California coast the effect was dramatic: The moon nearly blotting out the sun creating a blazing "ring of fire" eclipse.



Chinese company to buy US movie theater chain AMC

Gerry Lopez, CEO of AMC Entertainment Holdings, left, shakes hands with Zhang Lin, Vice President of Wanda during a signing ceremony for Dalian Wanda Group Co. to acquire AMC Entertainment Holdings in Beijing, China, Monday, May 21, 2012. The Chinese conglomerate announced Monday it will buy major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion to create the world's biggest movie theater operator. (AP Photo/Ng Han Guan)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 takeover of an American company to date.



Golden Gate celebrates 75th with help of engineers

In a photo taken Jan. 24, 2012, the Golden Gate Bridge with the San Francisco skyline in the background is seen at dusk in a view from the Marin Headlands near Sausalito, Calif. The bridge was heralded as an engineering marvel when it opened in 1937. It was the world's longest suspension span and had been built across a strait that critics said was too treacherous to be bridged. But as the iconic span approaches its 75th anniversary, the engineers who have overseen it all these years say keeping it up and open has been a feat unto itself. (AP Photo/Eric Risberg)The Golden Gate Bridge was heralded as an engineering marvel when it opened in 1937. It was the world's longest suspension span and had been built across a strait that critics said was too treacherous to be bridged.



Suicide bomber kills scores at Yemen army parade

A Yemeni official says a suicide bomber blew himself up during a military parade rehearsal in the capital Sanaa, killing scores of people.


Fight over oil revenues would harm Somalia peace

Peacekeepers from AMISOM ride in their armoured personnel carriers during a patrol in MogadishuMOGADISHU (Reuters) - Somalia's embattled central government will not argue with semi-autonomous Puntland over potential oil revenues for fear of scuttling a fragile peace process, but a top official said on Monday the law made clear control lay with Mogadishu. Canadian firm Horn Petroleum, majority-owned by Vancouver-listed Africa Oil Corp., and its exploration partners started drilling in March in Puntland's Dharoor Block but have yet to announce any proven reserves. Africa Oil and joint venture partners Range Resource Ltd. (RRS. ...



Chicago braces for final day of NATO protests

A protester stands before Chicago Police at the Art Institute where First Lady Michelle Obama is hosting a dinner for the spouses of NATO dignitaries during this weekend's summit in Chicago Sunday, May 20, 2012. (AP Photo/Charles Rex Arbogast)Chicago braced for more demonstrations Monday, with protesters vowing to march to the Boeing Corp. headquarters a day after police clashed with a group of demonstrators at the end of a march protesting the NATO summit.



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.


China firm buys AMC to create cinema giant

Wanda's portfolio includes 86 movie theatres in China with a total of 730 screensWanda, a property firm owned by one of China's richest men, said Monday it would buy US cinema chain AMC Entertainment for $2.6 billion, in a sign of China's growing clout in the entertainment business.




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