Rays get better of Jays in rookie battle

(Reuters) - Tampa Bay rookie starter Matt Moore fared better than his Toronto counterpart Drew Hutchison as the Rays blasted three home runs in an 8-5 victory on Tuesday. The Rays rocked 21-year-old Hutchison for six runs in four innings to take a 6-0 lead, then held on for the win despite some struggles from 22-year-old Moore on the mound. Luke Scott ignited the home offense with a solo shot in the second inning, and Carlos Pena delivered a three-run homer in the fourth where Tampa Bay put five runs on the board. ...

After Yahoo deal, challenges abound for Alibaba

SHANGHAI (Reuters) - China's Alibaba Group could command a Facebook-rivalling valuation of $100 billion when it comes to list its shares, possibly by 2015 - but its more immediate challenge is to hang on to top spot in the country's $36 billion e-commerce market. Founded and led by Internet entrepreneur Jack Ma, Alibaba faces increasingly tough competition in its e-commerce stronghold from well-funded rivals 360buy, which is backed by Digital Sky Technologies, Dangdang Inc and Amazon.com Inc. ...

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