Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
 SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
Facebook Down 8% in Early Morning Trading
They can't blame Nasdaq this time. Facebook IPO Closes With Thud
Mark Zuckerberg, CEO and founder of Facebook, rang the opening bell from company headquarters in Menlo Park, California.
  Pakistan briefly bans Twitter access for "blasphemy"
ISLAMABAD (Reuters) - Pakistan banned access to Twitter on Sunday because of "blasphemous" material, a Pakistani official said, but normal service was resumed after 12 hours. The government did not specify which users or messages had prompted the ban on the microblogging site or why it was allowed to operate again so quickly. Any representation of the Prophet Mohammad is deemed un-Islamic and blasphemous by many Muslims, who make up the overwhelming majority in Pakistan. ... Hulu to Launch New Show With Kevin Smith Plus 9 Other Titles
In a bit of counterprogramming against the networks and cable channels, Hulu plans to launch 10 new shows this summer, including one from Clerks auteur Kevin Smith. First Earth-Size Planets Found in Space
Scientists using NASA's Kepler space telescope say they have found two planets orbiting a distant star -- and say the planets are the first ever that are the size of Earth or smaller. That could be critical in the search for extraterrestrial life.
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