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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 ....
Extending the biggest twomonth tumble since 2008. The purchasing Managers Index was 49. 7, down from 50 in july. Anything below 50 indicates a contraction. Lets get straight to the chief asia economics correspondent, in hong kong. What does this data tell us . I guess it shows that there is no autumn out just yet in chinas slowing economy. I will say that these figures have been distorted because factories around beijing in particular have been shut down to try and clear skies ahead of a very important military commemoration this week. There was a big athletics championship run in beijing also over the last few weeks. A fair bit of distortion on these numbers, but at the same time, it illustrates that the policy the rate cuts arent really getting traction just yet from china. The slowdown that is gripping the factory continues. That thisany sign figure has to be taken with a pinch of salt because it has been distorted . They are t ....
Third bank by market value as we speak. Profits falling by 98 in the Second Quarter. That is because of charges tied to its stake in portugal. Eurospped to 17 million for almost 700 million a year earlier which is below estimates. Agricole booked millions of euros in costs related to its almost 50 holding in banko is beautiful santo espiratue santo. The bank of portugal unveiled is almost 5 billion euro bailout which led to the shareholders and junior bondholders with losses. Just breaking down the charges, and a 502 million euro charge to reflect share of losses in the quarter and 206 million euro writedown to cut the value of its holding 20. Twoo zero. And otherthe banks onetime financial costs, secondquarter profit actually rose to one billion euros. Risky loans deckline. Ratio also going up as well. They say in a statement the sales as well. The background is the second worst sales just under one billion. Just under 3. 7 5 bil ....