A Super Bowl spot costs $4.5 million—that is $150,000 per second. What would that buy on major social media networks for that price?» Read More
SAN FRANCISCO, Jan 27- Yahoo Inc unveiled a plan for a tax-free spin-off of its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to distribute to shareholders its prized investment valued at roughly $40 billion. Shares of Yahoo were up roughly 7 percent at $51.45 in after-hours trading on Tuesday. The new entity will include Yahoo's...
SAN FRANCISCO— Yahoo CEO Marissa Mayer is spinning off the company's $39 billion stake in China's Alibaba Group Holding in a move that wards off a potential shareholder rebellion. The highly anticipated decision announced Tuesday will enable Yahoo to avoid paying billions of dollars in future taxes while intensifying the pressure on Mayer to prove she can...
SAN FRANCISCO, Jan 27- Yahoo Inc unveiled a plan for a tax-free spin-off of its 15 percent stake in China's Alibaba Group Holding Ltd, a first step in a highly-anticipated process to unwind the holding, which is valued at roughly $40 billion. Yahoo said on Tuesday that its management has recommended to its board of directors a plan that would spin off the stake into a...
SUNNYVALE, Calif.— Yahoo Inc. on Tuesday reported fourth-quarter net income of $166.3 million. After subtracting Yahoo's advertising commissions, revenue was $1.18 billion, matching Street forecasts. Yahoo shares have decreased 5 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 1 percent.
Yahoo is reporting EPS beat of $0.30 adjusted on revenue of $1.18 billion, with CNBC's Julia Boorstin and the "Closing Bell" panel.
Advanced Micro Devices Inc. rose 3.4 percent to $2.70 with 51,539,100 shares traded. Apple Inc. fell 3.5 percent to $109.14 with 75,556,800 shares traded. Cisco Systems Inc. fell 3.8 percent to $26.90 with 45,042,100 shares traded.
eBay fell$. 76 or 1.3 percent, to $55.31. Groupon Inc. fell$. 09 or 1.2 percent, to $7.12. LinkedIn Corp. fell $3.16 or 1.4 percent, to $223.20.
The options market is implying an 8 percent move on Yahoo earnings Tuesday.
eBay fell$. 60 or 1.1 percent, to $55.46. Groupon Inc. fell$. 10 or 1.4 percent, to $7.10. LinkedIn Corp. fell $3.26 or 1.4 percent, to $223.11.
If there's ever been an a earnings announcement when earnings themselves aren't important, it's Yahoo's fourth quarter.
NEW YORK— The U.S. stock market is opening sharply lower following disappointing corporate earnings and weak economic news. Caterpillar's stock fell 7 percent after the heavy equipment maker was hurt in the fourth quarter by restructuring costs and issued a weak outlook. Technology giants Apple and Yahoo will disclose their results after the close.
U.S. stock index futures signaled a sharply lower open as major U.S. corporates missed fourth quarter earnings expectations.
eBay fell$. 70 or 1.2 percent, to $56.06. Google Inc class A fell $5.23 or 1.0 percent, to $536.72. Groupon Inc. fell$. 12 or 1.6 percent, to $7.20.
Advanced Micro Devices Inc. rose 6.5 percent to $2.61 with 36,478,400 shares traded. Apple Inc. rose. 1 percent to $113.10 with 50,982,500 shares traded. Cisco Systems Inc. fell. 9 percent to $27.97 with 18,119,600 shares traded.
Discussing Yahoo's strategy and growth expectations ahead of earnings, wtih Eric Jackson, Ironfire Capital.
eBay fell$. 07 or. 1 percent, to $56.69. Groupon Inc. rose$. 02 or. 3 percent, to $7.34. LinkedIn Corp. fell $2.22 or 1.0 percent, to $230.00.
Parts of mainstream society are embracing adult entertainment, but other segments are still resistant to the industry's cultural import.
eBay fell$. 39 or. 7 percent, to $56.76. Google Inc class A rose $4.65 or. 9 percent, to $541.95. Groupon Inc. fell$. 18 or 2.4 percent, to $7.32.
eBay rose$. 08 or. 1 percent, to $57.22. Groupon Inc. fell$. 09 or 1.2 percent, to $7.41. LinkedIn Corp. rose $7.83 or 3.5 percent, to $232.77.
eBay fell$. 64 or 1.1 percent, to $56.51. Groupon Inc. rose$. 02 or. 3 percent, to $7.52. LinkedIn Corp. rose $7.52 or 3.3 percent, to $232.46.