Yahoo, which owns 24% of ecommerce giant Alibaba, reaps revenues prior to the IPO. Yahoo's investment in Chinese e-commerce firm Alibaba Group Holding Ltd was sufficient to keep Wall Street happy despite the continued struggle in the third quarter for advertising revenues, The shares of Yahoo increased by 1% to USD33.
Deals
Stamos Capital Partners buys back shares from partners, Merrill Lynch & Co
Stamos Capital Partbers reacquired its stakes from Merrill Lynch & Co and its two other partners. Stamos Capital Partners conducted a management buyout of the stakes held by its two partners and Merrill Lynch & Co.
Earnings report shows Yahoo shelling USD63 million in company acquisitions
A total of USD163 million in cash was placed on eight acquisitions Yahoo Inc made during the third quarter this year, according to its recent earnings report.
Doubt rises on Treasury capacity to pay USD120 billion on US securities
Investors remained anxious even if US Treasury Secretary Jacob Lew announced last week in Congress that the department had the capacity to pay US Treasury bill holders.
Batista dismisses OGX Oil chief as bond default woes persist
Luiz Carneiro was fired as chief executive of his OGX Petroleo e Gas Participacoes SA by Eike Batista, whose commodity group owned the oil and gas company.
Latest News
Petr Kellner is seeking to purchase the Czech republic's unit of Telefonica SA. Telefonica SA is hard pressed to extract a higher premium for its Czech unit.
To address wrongdoing in the 'London Whale' scandal, JP Morgan enters into a settlement agreement with the CFTC.
Jury deliberations on the insider trading case against Mark Cuban started Wednesday. The jury had begun deliberations for the insider trading case of NBA Dallas Mavericks owner Mark Cuban.
In its amended IPO filing, Twitter would be listed with the NYSE and also reported increased revenues and user base despite mounting losses.
The Aluminum Corporation of China Ltd or Chalco had announced the sale of its shareholdings in the Guinea venture with Rio Tinto.
Known institutional investor Cerberus Capital Management is studying its options to determine if it would make a bid for BlackBerry.
KB Home set to offer bonds as well as notes issued to assist its plan to retire soon to be maturing debt.
A second project between Dow and ERB has been agreed upon where the power plant would utilize sugar cane residue as fuel for electrical power.
ICIG purchases Clariant AG unit focused on detergent and other intermediate chemicals. The plan of Clariant CEO Hariolf Kottmann of focusing the Swiss company to high yield markets would be one step closer to realization.
