Alibaba repurchases half of Yahoo’s stake for $7.1 billion

As Yahoo’s struggles continue, the company is looking to cut costs and dig up cash wherever it can. Yahoo announced plans last month to lay off 2,000 workers, or nearly 15% of its staff, and before that it filed a “puzzling� patent lawsuit against long-time partner Facebook. Now, Yahoo will sell half of its 40% stake in China-based retail giant Alibaba. Led by Chinese Internet entrepreneur Jack Ma, Alibaba will repurchase part of Yahoo’s holdings in the e-commerce firm for $7.1 billion as it prepares to take the company public. The deal, which was announced in a joint statement on Monday, will see Yahoo sell half its stake in Alibaba for $6.3 billion in cash and as much as $800 million in new preferred

Zuckerberg's Status Update: Married
Newly minted billionaire Mark Zuckerberg had an important status update Saturday evening: Married. The 28-year-old tied the knot with his longtime girlfriend, the recently graduated Dr. Priscilla Chen in a private ceremony at the couple's home in Palo Alto, Calif.

First Meteor Shower of 2012 Dazzles
The Quadrantid meteor shower, the first major show of shooting stars in 2012, peaks in the hours before dawn on Wednesday. The best seeing should be after the moon sets around 3 a.m. Astronomers say you may see 60-200 shooting stars per hour if the weather is clear.

Cable Firms Aim for 50,000 Hotspots
Being a Bright House, Optimum, Xfinity, Cox Communications, and Time Warner Cable subscriber is about to get a bit better. Or at least it will if you’re the type that’s always searching for a public WiFi hotspot. Five of the nation’s largest cable companies have...

Watch: Grad Gadget Gift Guide
Speakers, Apple TV, Tablets: Great graduation gift ideas for tech-savvy grads.

NASA Time-Lapse of Sea Currents
Click on the video below and prepare to be mesmerized.  It’s called “Perpetual Ocean,� and it was put together by NASA’s Scientific Visualization Studio at the Goddard Space Flight Center in Maryland. It was actually done about a year ago, compiling data from several satellites...