I want to give you a quick check on how the markets are trading. Stocks are pretty choppy this whole session. We are well off the lows of the day. Stocks were essentially down right out of the gate this morning at the opening bell. Data showing another month a weakening chinese trade. A slump in Global Demand has driven the declines in energy and Commodity Prices this year. As we heard overnight, chinas imports declined for a 13th straight month, a record. The dow was down as much as 245 points early in the day. But it rallied within 25 points of being pretty much unchanged. They ledted health, some of the comeback in stocks. A second straight down day for major averages. Oil is little changed after touching the lowest level in seven years, following a petition by opec to essentially abandon their production target. Output target the of 30 Million Barrels a day and endorsed 31. 5 million at its december 4 meeting in vienna. Before the nasdaq has led that come back, the main stock respo
Strategies may be unraveling. David faber first reported that the tech company may not move forward with its longplanned spinoff of its multibillion dollar stake in alibaba, the giant chinese internet company. It will examine a deal involving yahoo s core internet business. An official announcement of the change could come as soon as tomorrow. Shares of yahoo moved higher initially after the report. The moves raise a host of questions, they come to mind. John ford is here to answer them. Welcome. Why did the board step in here and make this change in a long hailed strategic plan. It comes down to taxes. There was an can agtivist infester starboard pushing them at first to spin off alibaba because its worth so much. Then when the u. S. Government wouldnt say yes, well let you do this without getting taxed they said wait a minute, more and more its looking too risky if we have to pay a tax bill selling that off. Instead, why dont you sell the core business. Yahoo has not yet made it clea
David faber first reported that the tech company may not move forward with its longplanned spinoff of its multibillion dollar stake in alibaba, the giant chinese internet company. It will examine a deal involving yahoo s core internet business. An official announcement of the change could come as soon as tomorrow. Shares of yahoo moved higher initially after the report. The moves raise a host of questions, they come to mind. John ford is here to answer them. Welcome. Why did the board step in here and make this change in a long hailed strategic plan. It comes down to taxes. There was an can agtivist infester starboard pushing them at first to spin off alibaba because its worth so much. Then when the u. S. Government wouldnt say yes, well let you do this without getting taxed they said wait a minute, more and more its looking too risky if we have to pay a tax bill selling that off. Instead, why dont you sell the core business. Yahoo has not yet made it clear its going to sell yahoo the
David faber first reported that the tech company may not move forward with its longplanned spinoff of its multibillion dollar stake in alibaba, the giant chinese internet company. It will examine a deal involving yahoo s core internet business. An official announcement of the change could come as soon as tomorrow. Shares of yahoo moved higher initially after the report. The moves raise a host of questions, they come to mind. John ford is here to answer them. Welcome. Why did the board step in here and make this change in a long hailed strategic plan. It comes down to taxes. There was an can agtivist infester starboard pushing them at first to spin off alibaba because its worth so much. Then when the u. S. Government wouldnt say yes, well let you do this without getting taxed they said wait a minute, more and more its looking too risky if we have to pay a tax bill selling that off. Instead, why dont you sell the core business. Yahoo has not yet made it clear its going to sell yahoo the
Tourism Officials Say the events will bolster the economy in a big way. Divers in south korea are continuing their search inside the ferry sewol almost a week after it sank off the southern coast. Authorities say more than 100 people have been confirmed dead, and nearly 200 are missing. The ship capsized last wednesday, 476 people were on board, including more than 300 high school students. Officials now say that 104 people died and 198 are unaccounted for. Prosecutors and coast guard officials are still trying to find out what caused the accident. Theyre investigating the captain and other crew members. Families of the missing have been staying at a gymnasium at the port of jindo. Anna jung has more from there. The people who have encamped here for nearly a week now are emotional tapped out. They hoped rescuers would find survivors, but that hope has all but faded. The gym used to be packed with the relatives of the missing. However, some people have left. Those who stayed have been b