HK shares up on Wall St, Shanghai weakens

Hong Kong shares edged higher on Monday morning, helped by gains on Wall Street, but the benchmark index pulled back from earlier gains as Shanghai stocks faltered, weighed down by property counters.

AOL mulls breakup, merger with Yahoo

AOL Inc, undergoing a radical transformation into the king of content on the Internet, is actively exploring a breakup involving a complicated series of transactions that may lead to a merger with

U.S. Congress optimistic about tax cut deal

Senior U.S. lawmakers said on Sunday they were optimistic about striking a deal to extend Bush-era tax cuts for all taxpayers and continue emergency jobless aid for millions of long-term unemployed Americans.