World Business News

AP Top Business News At 11:38 p.m. EDT

Yahoo to sell half of its Alibaba stake for $7.1B
HONG KONG (AP) -- Struggling Internet company Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion....
Chinese company to buy US movie theater chain AMC
BEIJING (AP) -- A Chinese conglomerate has announced it will buy U.S. cinema chain AMC Entertainment Holdings for $2.6 billion to create the world's biggest movie theater operator....
Pakistan blocks Twitter over contentious tweets
ISLAMABAD (AP) -- Pakistan blocked the social networking website Twitter for much of Sunday because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials....
Europe faces difficult search for growth
WASHINGTON (AP) -- On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2 1/2-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part....