Congress. Angela merkel is times person of the year. The magazine says she showed leadership during the refugee crisis and the greek debt crisis. I am emily chang and this is bloomberg west. The spin cycle at yahoo , the company changing gears again. It will hold on to its alibaba stake after all. Apple changes channels, the company pulling the plug on plans for a live tv service. Ramping up efforts to develop apps for tv providers. Notou work at airbnb, do make any plans to leave. The company topping a new list of best places to work. Another change of course at internethe legacy portal announcing it is shelving plans to spin off its stake in alibaba. It will focus on the possible spinoff of its core business and its stake in alibaba japan. Marissa mayer said the move will give investors a better sense of the value of yahoo s core business. Marissa mayer a large part of our market capitalization, a separation will provide Greater Transparency to ensure yahoo s Business Operations are
Refused. Joaquin El Chapo Guzman may end up in a u. S. Facility soon. Guzman was recaptured six months after he escaped a security a top security prison. Officials had thought it would take a year for him to answer charges here. The approaching winter storm takes aim at the northeast corridor. All flights have been scrapped for now. Delta has counseled more than airlineshts, american is grounding at least 2000. It could be one of the worst ever storms to hit the eastern seaboard. Emily im emily chang. Coming bloomberg west. Up, the polish is back on apple. Investors snap up shares ahead of the countrys next earning report. Pay to play. Writes a 1 billion check to apple. Hightech firms to practice what they preach when it comes to diversity. We will debate the issue. Shares of apple over 5 . The stock outperform in s p and the nasdaq year to date me at still another apple search is being predicted and investors seem to be listening. Take a listen. We have looked at the historical tradin
And we are one hour away from the close of trade. As i mentioned, we sold off as much as 300 points on the dow, recovering just a bit. I want to head to the markets desk, where julie hyman has the breaking news on the markets. Julie just a bit. I mean, really, just a bit. The nasdaq and the s p are often very sharply as well. Ive been watching various groups that are on the move today. Utilities turned higher as we continue to see rates move lower. That is the relationship we can do to see, but energy is lower and financials, bloomberg industrials, tech, consumer discretionary. You have other earnings weighing on stocks today as well. Within energy can we just heard in the past few moments from the s p on a number of Different Energy companies that are being downgraded, the chevron Credit Rating being cut at standard minus from aa. Not seeing much of a reaction. The outlook for this company is stable. Southwestern energy was cut to junk by s p. Most of these stocks are not moving more
The deal is worth 43 billion. Sources say that kevin china rising 4 . There are over 2400 journalists and the bureaus all over the world. Is closing for lunch. Singapore,icture tokyo, mumbai. Slash and burn at yahoo cutting jobs, winding down legacy products, and addressing Strategic Alternatives, but what does that mean . And we hear from oracle ceo mark hurd of what it takes to be a leader and what it takes to keep competitors at bay. We check out how mega cabs compare with the Biggest Companies over time mega caps compare with the Biggest Companies over time. But first, to our league yahoo exploring alternatives for the core business. Is that the company putting the for sale sign on the door . For the time being Marissa Mayer is cutting costs and exploring a spinoff of the web business rather than sell now because they feel it is kinder late it is currently undervalued. The search revenue is up 12 . But here is what chairman maynard webb added in a news release the board also believ