The board decided to move forward even though the I.R.S. declined to rule the transaction tax-free in advance.
Yahoo is undeterred by the IRS’ refusal to guarantee that the transaction will be tax free. The Internet media company says today in an SEC filing that the board decided on September 23 to go ahead with its plan to create a publiclyShow More Summary
Yahoo Inc. will continue pursuing a spinoff plan for its Alibaba Group Holding Ltd. shares.
Yahoo said on Monday that it will go forward with Alibaba shares spinoff even if the IRS doesn't give its approval. Yahoo shares were up 3.7% to $28.62 in extended trading on Monday. Join the conversation about this story » NOW WATCH: The most expensive and extravagant vacations in the world
Consumers spend time on Facebook than any other website on the planet. More than Google. More than Yahoo! It therefore follows that we should be engaging consumers by promoting our products and services on social media. It’s no secret...Show More Summary
Take a look inside the weird, but true, reality of “styrophobia.” (GIF: iStock/Priscilla De Castro for Yahoo Health) What sends chills down your spine? Huge hairy spiders? Skyscraper heights?
Anyone standing next to J.J. Watt is in danger of being dwarfed. The man is all of 6-foot-5 and 288 pounds, after all. But we're still struck by just how small Watt can make people look. Even bigger dudes. [Yahoo Fantasy Football: Still...Show More Summary
A poverty-stricken mother has resorted to drastic measures in an effort to part ways with her newborn triplets. According to the Yahoo! News, 32-year-old Jeaneta Bente gave birth to the babies at a Romanian hospital, but her time with the newborns was short lived because she reportedly fled the hospital shortly after giving birth. Show More Summary
Sanderson Farms, the third-largest poultry producer in the U.S., is voluntarily recalling half a million pounds of frozen chicken over concerns about possible contamination by metal shavings, Yahoo Finance is reporting. The recall involves...Show More Summary
Gigi Hadid and Kendall Jenner don Balmain signature threads in the new campaign pics from Balmain for H&M. The two models joined Jourdan Dunn Hao Yun Xiang and Dudley O’Shaughnessy in the new campaign, which debuted on Yahoo Style. PHOTOS: Check out the latest pics of Kendall Jenner The new collection features Balmain‘s classic hits [...]
Yahoo News U.K. has a report from Wednesday about a father who tied dental floss to his daughter's loose tooth, tied the other end to his quadcopter, and then flew the drone into the air to pull the tooth out. When I first saw a tweet about it, I thought the whole thing was a bizarre, possibly Edgar Allen Poe–inspired fluke. Show More Summary
Justin Hyde at Yahoo Autos has fine, fine reporting that U.S. taxpayers paid more than $20 million in incentives for Volkswagen diesel models under the “Cash for Clunkers” program. According to the report, 4,599 VW Jetta and Jetta Sportwagen diesel cars qualified for the maximum $4,500 incentive under the program. Show More Summary
Riding the subway never looked so chic. Yahoo Style on Friday released the first campaign images for H&M's highly anticipated collaboration with Balmain. In the true fashion of Olivier Rousteing, creative director of Balmain fashion,...Show More Summary
I received the following account today:Lon, I have a story for you. I was reading the excerpts from your site that get emailed to me from the Yahoo group that I'm a member of. I read the story about the man in Cape May, NJ. That reminded me of my 1st (remembered) experience with ET's.I've never really had a 'normal' life. Show More Summary
Jack Ma announces Yahoo’s $1 billion investment in Alibaba in 2005. Behind him is a photo of himself and Yang at the Great Wall of China in 1997, when Ma was a government-employed tour guide. (REUTERS/Claro Cortes IV CC/TC) Last year, Alibaba, the major Chinese e-commerce player, had the biggest initial [...]
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After spending an entire year away from the NBA, Metta World Peace will make his return to the league in 2015-16. The 35-year-old small forward signed with the Los Angeles Lakers, the team announced. Yahoo Sports' Adrian WojnarowskiShow More Summary
Lane Kiffin rumors have been exploding across the internet today, following unconfirmed reports on Twitter involving a number of salacious allegations of improper conduct by Kiffin. As reported by Yahoo Sports, the rumors cover a broad spectrum of potential missteps by Lane Kiffin. Show More Summary
FA Insights a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. IPOs are slowing down (Yahoo Finance) Renaissance Capital's IPO Center says 134 companies have gone public so far in 2015, which would is down 35% year-over-year. Show More Summary