Yahoo Inc. has agreed to sell half of its 40 percent stake in Chinese e-commerce group Alibaba for about $7.1 billion, and the struggling U.S. Internet company said it would return most of the cash to shareholders.

SHANGHAI/BEIJING (Reuters) - One of China's most conspicuously reform-minded leaders has stepped back into the spotlight after the nation's biggest political convulsion in a generation, positioning himself to gain from the fall of populist politician Bo Xilai. Wang Yang, leader of Guangdong province and well known for his deft handling of recent civil unrest there, is the first of three provincial-level party bosses who stand to benefit after a murder scandal snuffed out Bo's career last month. ...

SHANGHAI/BEIJING (Reuters) - One of China's most conspicuously reform-minded leaders has stepped back into the spotlight after the nation's biggest political convulsion in a generation, positioning himself to gain from the fall of populist politician Bo Xilai. Wang Yang, leader of Guangdong province and well known for his deft handling of recent civil unrest there, is the first of three provincial-level party bosses who stand to benefit after a murder scandal snuffed out Bo's career last month. ...

Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.

Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.

Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.

More than 2,000 people who were falsely convicted of serious crimes have been exonerated in the United States in the past 23 years, according to a new archive compiled at two universities.

WASHINGTON (Reuters) - Restore Our Future, an outside "Super PAC" backing Republican presidential hopeful Mitt Romney, raised $3.9 million in April, less than half of its haul in March but still far ahead of its Democratic counterpart working to re-elect President Barack Obama. The pro-Romney "super" political action committee Restore Our Future had $8.2 million in cash on hand at the end of the latest reporting period, filings with the Federal Election Commission showed on Sunday. The pro-Obama group, Priorities USA Action, raised $1.6 million last month and had $4. ...

On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.

Santo Domingo (Reuters) - Early results in presidential elections in the Dominican Republic show ruling party candidate Danilo Medina headed for revenge 12 years after he lost in a landslide to opposition candidate Hipolito Mejia. With 30 percent of votes counted Medina, the candidate for the ruling Dominican Liberation Party (PLD), held nearly a 5 percentage point lead (51.4 percent-46.7 percent) over Mejia and the Dominican Revolutionary Party (PRD), according to official election results. That would be enough for Medina, 60, to secure an outright first-round victory. ...

Santo Domingo (Reuters) - Early results in presidential elections in the Dominican Republic show ruling party candidate Danilo Medina headed for revenge 12 years after he lost in a landslide to opposition candidate Hipolito Mejia. With 30 percent of votes counted Medina, the candidate for the ruling Dominican Liberation Party (PLD), held nearly a 5 percentage point lead (51.4 percent-46.7 percent) over Mejia and the Dominican Revolutionary Party (PRD), according to official election results. That would be enough for Medina, 60, to secure an outright first-round victory. ...

President Barack Obama and NATO allies declared Sunday that the end of the long and unpopular Afghanistan war is in sight even as they struggled to hold their fighting force together in the face of dwindling patience and shaky unity.

MELBOURNE (Reuters) - Australia's top airline Qantas Airways said on Monday it is eliminating 500 jobs by merging maintenance facilities to save up to A$100 million ($98.4 million) annually, as high fuel costs and weak demand take a toll on airline profits. Qantas, which is emerging from a costly industrial dispute, said in statement it will stop heavy maintenance in Tullamarine in Melbourne and concentrate on centers in Brisbane and Avalon, resulting in the job cuts. It had, in February, flagged another 500 job cuts for the group. ...

Millions of early risers in Asia turned their attention skyward to view a rare "ring of fire" eclipse as it crossed their skies Monday morning.

NEW YORK (Reuters) - Blind Chinese activist Chen Guangcheng soaked up the sun in New York City on Sunday as his children played in a garden, a break in a day of meetings to arrange his studies at New York University. "(Chen) said he hadn't sat in the sun for many, many years," said Jerome Cohen, a China law expert and professor at New York University's law school, where Chen will study. "He wanted to go out in the garden ... his kids went out first and then he went out," Cohen, who has become a confidante of Chen's, told Reuters. ...

NEW YORK (Reuters) - Blind Chinese activist Chen Guangcheng soaked up the sun in New York City on Sunday as his children played in a garden, a break in a day of meetings to arrange his studies at New York University. "(Chen) said he hadn't sat in the sun for many, many years," said Jerome Cohen, a China law expert and professor at New York University's law school, where Chen will study. "He wanted to go out in the garden ... his kids went out first and then he went out," Cohen, who has become a confidante of Chen's, told Reuters. ...

CHICAGO (Reuters) - NATO will hand over the lead role in combat operations to Afghan forces across the country by mid-2013, alliance leaders said on Sunday as they charted a path out of a war that has lost public support and strained budgets in Western nations. A NATO summit in Chicago on Monday will formally endorse a U.S.-backed strategy for a gradual exit from Afghanistan, a move aimed at holding together an allied force scrambling to cope with France's decision to withdraw its troops early. ...

CAMP DAVID, Maryland (Reuters) - French President Francois Hollande said on Saturday he would make proposals for eurobonds at an upcoming European summit as he outlines his ideas to stimulate growth and help ailing economies within the euro zone. "I will outline all growth proposals at this informal meeting on May 23," Hollande told reporters at the end of a G8 leaders meeting in Camp David. "Within this packet of proposals there will be eurobonds and I will not be alone in proposing them. I had confirmation on this at the G8. ...

TOKYO (Reuters) - Markets recovered some ground on Monday after last week's heavy losses, but investors remained wary about the euro zone despite world leaders calling for Greece to stay in the monetary union and for Europe to balance austerity with growth. Leaders of G8 major industrialized nations meeting at the weekend vowed to take steps to combat financial turmoil and revitalize a global economy threatened by Europe's debt crisis, but they offered no specific prescription for debt-crippled Greece which holds fresh elections next month. ...

Charleston, South Carolina (Reuters) - Tropical Storm Alberto churned off the coasts of Georgia and South Carolina on Sunday, and heavy rain and dangerous surf were expected even though forecasters said it had lost strength. Bringing an early start to the Atlantic hurricane season, Alberto reached tropical storm strength on Saturday. By Sunday evening it was about 85 miles south-east of St Augustine, Florida, according to the hurricane center in Miami. ...

Charleston, South Carolina (Reuters) - Tropical Storm Alberto churned off the coasts of Georgia and South Carolina on Sunday, and heavy rain and dangerous surf were expected even though forecasters said it had lost strength. Bringing an early start to the Atlantic hurricane season, Alberto reached tropical storm strength on Saturday. By Sunday evening it was about 85 miles south-east of St Augustine, Florida, according to the hurricane center in Miami. ...

CHICAGO (Reuters) - Four police officers were injured and 45 demonstrators arrested after baton-wielding police clashed with anti-war protesters marching on the NATO summit in Chicago on Sunday, police said. A lawyer's group assisting protesters challenged police figures, saying at least 12 protesters were hurt, some with head wounds from police batons, and more than 60 people detained. The confrontation began after a 2 1/2 mile march from a Chicago park to near the site of the summit, where leaders of the NATO alliance are discussing the war in Afghanistan. ...

CHICAGO (Reuters) - Four police officers were injured and 45 demonstrators arrested after baton-wielding police clashed with anti-war protesters marching on the NATO summit in Chicago on Sunday, police said. A lawyer's group assisting protesters challenged police figures, saying at least 12 protesters were hurt, some with head wounds from police batons, and more than 60 people detained. The confrontation began after a 2 1/2 mile march from a Chicago park to near the site of the summit, where leaders of the NATO alliance are discussing the war in Afghanistan. ...

CHICAGO (Reuters) - Four police officers were injured and 45 demonstrators arrested after baton-wielding police clashed with anti-war protesters marching on the NATO summit in Chicago on Sunday, police said. A lawyer's group assisting protesters challenged police figures, saying at least 12 protesters were hurt, some with head wounds from police batons, and more than 60 people detained. The confrontation began after a 2 1/2 mile march from a Chicago park to near the site of the summit, where leaders of the NATO alliance are discussing the war in Afghanistan. ...

Yahoo reaches agreement to sell half of its stake in Alibaba for about $7.1 billion.

(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...

HONG KONG (Reuters) - The former police chief at the heart of China's biggest political scandal in two decades will be tried for treason as early as next month, the South China Morning Post reported on Monday, citing unnamed sources briefed on the case. Wang Lijun, former Chongqing police chief and a key ally of the city's former ambitious leader Bo Xilai, fled to a U.S. consulate in February, triggering a political storm that led to the ousting of Bo from the Communist Party's top ranks and sparking uncertainty ahead of a critical change of leadership. ...

TRIPOLI (Reuters) - Abdel Basset al-Megrahi, the Libyan convicted of the 1988 bombing of a PanAm flight over Lockerbie, died of cancer on Sunday aged 60, leaving many questions on the attack and its aftermath unanswered. Megrahi, who said he was not responsible for bringing the jumbo jet down on the Scottish town and killing 270 people, was found guilty in 2001 but was freed in 2009 and returned to Libya because he had terminal cancer and was not expected to live long. ...