After a weekend that brought both fresh concerns about Europe and hopeful signs about China, investors decided to focus on the latter.

NEW YORK (Reuters) - The Nasdaq climbed 2 percent on Monday as stocks rebounded from their worst week in a year while investors dumped newly floated shares in Facebook and redeployed capital to more established names such as Apple . The Dow Jones industrial average gained 106.37 points, or 0.86 percent, to 12,475.75. The Standard & Poor's 500 Index gained 16.34 points, or 1.26 percent, to 1,311.56. The Nasdaq Composite gained 57.10 points, or 2.05 percent, to 2,835.89. (Reporting By Edward Krudy; Editing by Kenneth Barry)

The chairman of the Nuclear Regulatory Commission, under fire for what fellow commissioners called an intimidating, even bullying style, announced his resignation Monday.

LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of BlackRock's $15 billion purchase of Barclays Global Investors, but Basel III regulations mean banks have to hold more capital against minority stakes in asset managers and other firms, making it less profitable. ...

3D" debuts Friday at Universal Studios Hollywood and opened in December at Universal Studios Singapore.

The Supreme Court has refused to take up a Boston University student's constitutional challenge to a $675,000 penalty for illegally downloading 30 songs and sharing them on the Internet.

The Supreme Court has refused to take up a Boston University student's constitutional challenge to a $675,000 penalty for illegally downloading 30 songs and sharing them on the Internet.

The Supreme Court has refused to take up a Boston University student's constitutional challenge to a $675,000 penalty for illegally downloading 30 songs and sharing them on the Internet.

(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. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing but does little for Facebook, whose lead underwriter Morgan Stanley had to step in and defend the $38 offering price on the open market. Without that same level of defense, its shares fell $4.50 to $33. ...

(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. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing but does little for Facebook, whose lead underwriter Morgan Stanley had to step in and defend the $38 offering price on the open market. Without that same level of defense, its shares fell $4.50 to $33. ...

Samsung’s mobile boss JK Shin on Sunday confirmed to reporters that the South Korea-based consumer electronics giant is making new efforts to end its patent war with Apple. While Shin did admit that there is still much work to be done, he said there are a number of possible resolutions that the companies will consider. “There is still a big gap in the patent war with Apple but we still have several negotiation options including cross-licensing,” Shin told reporters at the Seoul airport while waiting to board a flight to the United States with Samsung CEO Choi Gee-sung, Reuters reports. Samsung and Apple are scheduled to meet today in an effort to take the first steps toward putting an end to

NEW YORK (Reuters) - JPMorgan Chase & Co has suspended repurchases of its stock while it tries to get out of money-losing derivatives trades that have cost it at least $2 billion, Chief Executive Jamie Dimon said on Monday. He said the bank would maintain its dividend. It is the first time Dimon has said the bank will change how it manages its capital in the wake of what he has called "egregious mistakes" in the derivatives trades. ...

Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. Shares are down 11 percent in late morning trading.

Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. Shares are down 11 percent in late morning trading.

Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.

Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.

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. Under the agreement, Yahoo will sell one-half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...

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. Under the agreement, Yahoo will sell one-half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...

NEW YORK (Reuters) - Best Buy Co Inc , the world's largest consumer electronics chain, said it has selected headhunter Spencer Stuart Inc to conduct the search for a new chief executive. Brian Dunn resigned as CEO last month. Following his departure, the company said an internal probe found that Dunn had an improper relationship with a female employee. Best Buy is in the midst of what it expects to be a six- to nine-month search for a successor to Dunn. Board member G. Mike Mikan is acting as interim CEO. The company said it will consider internal and external candidates for the job. ...

Over the past six years, BGR has grown into one of the most prominent destinations in the world for mobile and tech news. We have broken some of the biggest stories in tech and offered up some of the most honest opinions. But we’ve never done video. Today, we’re announcing The BGR Show, and I couldn’t be more thrilled to partner with a long-time friend of mine, Pharrell Williams, to bring the show to his new YouTube channel, i am OTHER. The BGR Show won’t be a boring show that looks at the technical aspects of cell phones. It’s a show that focuses on the fact that technology is now present in practically every aspect of our lives, and we’ll

SINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings , to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc. , two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...

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 in New York, it will be Gupta's turn to go on trial. The former Goldman Sachs Group Inc and Procter & Gamble board member is accused of leaking stock secrets to Rajaratnam, his erstwhile friend and business associate who was convicted and is now in prison. ...

(Reuters) - Lowe's Cos Inc , the world's No. 2 home improvement chain, cut its fiscal-year earnings outlook and said demand slowed toward the end of the traditionally strong first quarter, sending its shares down nearly 10 percent. Lowe's forecast came just days after larger rival Home Depot Inc missed Wall Street's quarterly sales estimates as demand weakened in April following a jump in home improvement projects earlier in the year because of a warm winter. ...

With a weekend to figure things out, we've got a few suspects to blame for the mess that was Facebook's IPO debut on Friday. After a late start due to glitches on NASDAQ and a possible scandal in which Morgan Stanley upheld the price of the stock, Facebook's stock ended the day just where it started. It had a mini-pop, but it didn't soar, as expected. That was not supposed to happen. ...

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 that the ECB's non-standard measures - introduced to fight the debt crisis - were of a temporary nature and could be withdrawn any time if inflation risks emerged. There is a growing push in the euro zone, led by newly elected French President Francois Hollande, to do more to stimulate growth and not just focus on reducing deficits. ...