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Euro zone needs growth and austerity: ECB’s Asmussen

BERLIN (Reuters) – Europe’s fiscal pact must not be renegotiated or softened but could be complemented by growth-enhancing measures, European Central Bank Executive Board member Joerg Asmussen said on Monday. Asmussen also stressed... 

Apple,Samsung CEOs in U.S. court talks over patent row

SAN FRANCISCO (Reuters) – The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has... 

Facebook shares fall below $38 issue price in premarket

NEW YORK (Reuters) – Facebook Inc’s shares slid below their $38 issue price in premarket trading on Monday as support from underwriters of the initial public offering dissipated after its Friday debut. The social networking... 

Rajat Gupta faces jury in insider trading case

NEW YORK (Reuters) – Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court... 

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 chief closer to a public... 
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