In the News: Gucci, Morgan Stanley, Webby Awards and more

Alibaba regains control of future with purchase of Yahoo stake.

Audi will bundle SiriusXM traffic subscriptions in select 2013 models.

Best Buy tops profit estimates on smartphone sales.

Comcast leads U.S. cable operators to create nationwide CableWiFi network of hot spots, and launches integrated local ad sales.

Crocs taps bloggers to promote new styles.

DC Comics intends to bring a major character out of the closet.

Facebook's 11 percent drop on Monday sees fingers pointed at Morgan Stanley, raises more questions about its mobile strategy and creates schadenfreude moment for News Corp.'s ill-fated MySpace acquisition.

General Mills announces layoffs.

Google seals acquisition of Motorola Mobility.

Greenpeace releases sustainable seafood ranking of retailers.

Gucci wins claim against Guess in trademark dispute.

Hellman's Mayonnaise adds olive oil and cage-free eggs for summer.

IBM leapfrogs Google as No. 2 global brand, to Apple, in BrandZ ranking.

Jeep demand outpaces supply in China as luxury-mad consumers boost Hong Kong rent.

Kellogg's Cheez-It brand to put contest winner's face (carved in cheese) on packages.

Kimberly-Clark releases annual sustainability report.

Kmart and TLC partner for 'extreme' points giveaway.

Kodak suffers setback in patent suit against Apple and RIM.

London 2012 organizers warn against ambush marketing.

McDonald's talks up innovation and global upgrades.

Microsoft launches So.cl social search network.

MillerCoors aims new fruity brands at Millennials.

Motel 6 hotel brand changes hands in deal.

Nissan's Infiniti brand opens global HQ in Hong Kong.

Pinterest wins Webby Award for best social site [see full list here].

Skype launches celebrity talent search.

Sony will premiere six minutes of The Amazing Spider-Man ahead of Men in Black 3, while Carl's Jr. and Hardee's announce Spidey-burger.

SpaceX spacecraft blasts off for international space station.

7-Eleven sets ambitious growth targets.

Toyota boosts North American production.

Unilever touts supply chain progress.

Whole Foods expands in London.