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UPDATE 1-Yahoo near selling partial Alibaba stake for $7.1 bln-source

Sun, 20 May 2012 21:17:24 -0400

NEW YORK, May 20 (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...

Yahoo near selling partial Alibaba stake for $7.1 bln -source

Sun, 20 May 2012 20:17:07 -0400

NEW YORK, May 20 (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...

Putin to dominate new Russian government

Sun, 20 May 2012 16:34:32 -0400

WASHINGTON/MOSCOW, May 21 (Reuters) - Russian President Vladimir Putin will unveil a government dominated by loyalists on Monday, leaving Prime Minister Dmitry Medvedev limited scope to pursue his...

PRESS DIGEST - Sunday British Business - May 20

Sun, 20 May 2012 08:27:30 -0400

LONDON, May 20 (Reuters) - The following business stories were reported in British newspapers on Sunday:

Russia Sberbank sees sale certainty after government formed

Sat, 19 May 2012 15:38:51 -0400

WASHINGTON, May 19 (Reuters) - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatisation sale after the new Russian government's lineup is announced on...

Murdoch denies planning to spin off UK newspapers

Sat, 19 May 2012 08:00:10 -0400

LONDON, May 19 (Reuters) - Rupert Murdoch has denied reports that News Corp is considering spinning off its British newspapers to protect the rest of his media empire from a phone hacking scandal.

UPDATE 2-Manulife, Metlife submit bids for ING Asia sale -sources

Sat, 19 May 2012 01:30:55 -0400

* Shortlisted bidders will be notified by end-May - sources

Morgan Stanley made big bet on Facebook

Fri, 18 May 2012 22:05:48 -0400

NEW YORK, May 18 (Reuters) - Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering...

Solow lawsuit over Citigroup disclosures dismissed

Fri, 18 May 2012 19:03:56 -0400

* Investor said Citigroup hid risk during 2008 financial crisis

UPDATE 2-Vale sees iron ore price rising in 2nd half of 2012

Fri, 18 May 2012 18:41:25 -0400

* Tight credit, political demands forcing project reviews