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    Tropical Storm Alberto weakens off SC coast

    This NOAA satellite image taken Saturday, May 19, 2012, shows tropical storm Alberto 140 miles (225 km) east of Charleston, S.C. Alberto is the first tropical storm of the season and formed Saturday off the coast of South Carolina with top winds of 45 mph (75 kph). (AP Photo/Weather Underground)Tropical Storm Alberto hovered off the South Carolina and Georgia coasts on Sunday, canceling tourist cruises, producing showers and serving as a reminder that the 2012 Atlantic hurricane season is just around the corner.


    Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources

    Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc., two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...


    Asia stocks mixed after G8 vague on Europe fix
    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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