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  • Sept 29- Yahoo Inc shares rose as much as 6 percent on Tuesday after the company said it would proceed with the spinoff of its stake in Chinese e-commerce company Alibaba Group Holding Ltd despite the risk that the deal might not be tax-free. Shares of Yahoo, which have fallen about 45 percent this year, touched a high of $29.23 on the Nasdaq on Tuesday.

  • Sept 29- Yahoo Inc shares opened 3.5 percent higher on Tuesday after the company said it would proceed with the spinoff of its stake in Chinese e-commerce company Alibaba Group Holding Ltd despite the risk that the deal might not be tax-free. If the IRS denies the tax-free status later, Yahoo's shareholders may have to pay some $9 billion in taxes.

  • Sept 29- U.S. stocks open higher on Tuesday, recovering some of their previous day's losses stemming from a selloff in shares of biotechs and raw materials producers.

  • Sept 29- Yahoo Inc shares rose on Tuesday after the company said it would go ahead with the planned spinoff of its stake in Alibaba Group Holding Ltd despite the risk that the deal might not be tax free. Shares of Yahoo, which said this month that the U.S. Internal Revenue Service had denied its request for a private letter ruling on a possible tax-free deal, rose 3.6...

  • *Asia shares hit 3-1/ 2- year lows on China anxiety. SINGAPORE, Sept 29- Oil prices edged up on a tightening U.S. market on Tuesday but the outlook remained weak as concerns over Asia's economic health mounted and production remained high. Shares in commodity trading firms, such as Glencore and Noble Group, were hit hard and a Japanese shipper filed for bankruptcy, in...

  • Sept 28- Yahoo Inc said on Monday it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd even though the IRS has declined to rule on whether the transaction would be tax free. Yahoo's shares rose 4 percent to $28.71 in extended trading. Based on Alibaba's Monday close of $59.24, Yahoo's 384 million shares of Alibaba are worth $22.75...

  • Sept 28- Yahoo Inc said it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd even though the IRS has declined to rule on whether the transaction will be tax free. Yahoo's shares rose 4 percent to $28.71 in extended trading. The company said earlier this month the IRS had denied Yahoo's request for a private letter ruling on whether the...

  • NEW YORK, Sept 28- U.S. A 30 percent plunge in shares of London-listed mining and trading company Glencore and an 8.8 percent drop in Chinese industrial firms' profits triggered the most recent investor anxiety, dragging copper below $5,000 a tonne. "Weaker-than-expected Chinese industrial profits and a continued selloff in commodities carried on through the...

  • NEW YORK, Sept 28- U.S. A 30 percent plunge in shares of mining giant Glencore traded in London, and an 8.8 percent drop in Chinese industrial firms' profits triggered the most recent investor anxiety, dragging down copper below $5,000 a ton. "We are still trapped between the various parts of the global market that aren't doing well and expectations for good U.S. data,"...

  • CHICAGO, Sept 28- Alcoa Inc said on Monday it will split into two companies to separate its struggling aluminum smelting operations from production of lightweight metals for its faster-growing aerospace and automotive business. The news sparked a rally in Alcoa's shares, which were up nearly 6 percent at $9.60 in premarket trading. The split is expected to be...

  • Sept 28- Verastem Inc said it would wind down studies testing its lead therapy in development for mesothelioma cancer, sending the company's shares down by half in premarket trading. Verastem is also testing VS-6063 to treat a form of lung cancer and ovarian cancer. Verastem's shares fell 50.62 percent to $2.80 in trading before the bell on Monday.

  • European shares slip, Vodafone lags Monday, 28 Sep 2015 | 3:13 AM ET

    LONDON, Sept 28- European shares slipped on Monday, with Vodafone lagging after ending talks with Liberty Global while Spanish shares tracked other markets after separatists won a majority of seats in an election in Catalonia. Spain's benchmark IBEX index fell 0.1 percent. Vodafone fell 2.9 percent after the British mobile operator said it had ended talks...

  • TORONTO, Sept 25- BlackBerry Ltd reported a bigger-than-expected second-quarter loss on Friday, as revenue from its once-iconic smartphone slid further, sending shares down nearly 4 percent in premarket trading. The Waterloo, Ontario- based company said it expects "modest" sequential revenue growth in the remaining two quarters of this fiscal year and a...

  • Sept 24- Caterpillar Inc slashed its 2015 revenue forecast on Thursday and said it will cut as many as 10,000 jobs through 2018, joining a list of big U.S. industrial companies grappling with the mining and energy downturn. Shares of Caterpillar tumbled as much as 8 percent to a five-year low, pulling down the sector and knocking as much as 37 points off the Dow...

  • Arrowhead's hep B data shows promise, shares jump Thursday, 24 Sep 2015 | 1:36 PM ET

    Sept 24- Arrowhead Research Corp is one step closer to achieving a cure for hepatitis B infection, Chief Executive Christopher Anzalone said. The drug developer's stock jumped 18 percent in afternoon trading on Thursday, after the company presented positive data on its experimental antiviral therapy. "We expected it would take multiple doses to get to the 1-...

  • NEW YORK, Sept 24- Stocks around the world fell for a fifth day on Thursday, sliding towards two-year lows, as worries lingered over global growth and as the scandal over Volkswagen's emissions test-cheating rattled Europe's carmakers. Shares of Caterpillar fell as much as 8 percent to a five-year low of $64.65, knocking 31 points off the Dow Jones Industrial...

  • *China factory activity at 6-1/ 2- yr low in September. Boeing Co said it had won orders and commitments from China for aircraft valued at about $38 billion at list prices. But its shares fell 1.7 percent to $131.67.

  • European shares slip, Volkswagen leads autos lower Wednesday, 23 Sep 2015 | 3:26 AM ET

    LONDON, Sept 23- European shares edged lower on Wednesday, extending the previous day's slump to one-month lows, with Volkswagen continuing its slide down following allegations of rigging emissions tests. Volkswagen shares fell nearly 7 percent, after plummeting 18.6 percent on Monday and 19.8 percent on Tuesday, after the company said the scandal could...

  • HONG KONG, Sept 23- Asian stocks fell on Wednesday as global growth worries stung Wall Street, sending investors scampering to the relative safety of the yen and government debt. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent, with Australia down 1.3 percent and South Korea falling 0.8 percent. On Tuesday, the Asian Development...

  • NEW YORK, Sept 22- Falling commodities prices and worries about China's economy pulled stocks sharply lower on Tuesday, while bond yields declined and the dollar rose to a two-week high on bets U.S. officials will soon hike interest rates. Wall Street losses neared 2 percent on selling driven by falls in oil and copper, which also helped knock down shares in Europe...