Technology

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Facebook sinks as Nasdaq scrambles to square trades 12:17pm EDT

(Reuters) - Facebook shares sank on Monday in the first day of trading without the full support of the company's underwriters, leaving some investors down 25 percent from where they were Friday afternoon.  Full Article

 
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Alibaba buys back stake held by Yahoo for $7.1 billion 10:50am EDT 

SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing.  Full Article  

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EU offers Google last chance in antitrust case 9:24am EDT 

BRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine.  Full Article