The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
As Yahoo prepares to report quarterly earnings — and perhaps a buyer of its core business — the former interim CEO said he's expecting a bruising for the internet pioneer.
"I think the prediction is pain," Ross Levinsohn, former interim Yahoo CEO, told CNBC's "Fast Money: Halftime Report " on Monday, quoting iconic fight film "Rocky III." He said he'd have a hard time seeing the core business going above a $5 billion bid.
"There's just an incredible amount of work to do," Levinsohn said.
It comes as Yahoo has faced shareholder pressure to sell its internet assets, as its shares in Alibaba have soared in comparison.
"The core of it is still fantastic — great people, terrific brands," Levinsohn said. "But I think the focus of where they invested ... just has not paid off."
Yahoo is said to be whittling down final bidders for its core business as soon as today, although Levinsohn — who said he was involved in the bidding process through Bain Capital — said he doesn't expect an announcement for a couple of weeks, since it seems like some of the bidders needed more time.
He said he expects the company to trade in the $3.5 billion to $4 billion range — especially when the core business is valued dispassionately, outside of the drama and intrigue that has surrounded the company over the past decade.
As someone who has looked under the hood of the company and been with it from the beginning, it's "super hard to do," he said. Levinsohn said he understands why Yahoo's leadership did what it did, as far as buybacks, perks and acquisitions.
"The state is troubled, clearly," Levinsohn said. "We can look back over the past four years and see the strategy did not pay off."
It makes "a ton of sense" for both Verizon and AT&T to buy Yahoo, Levinsohn said, although he's partial to the combination of AOL's Tim Armstrong and the distribution on Verizon phones. A private equity play might also be needed for "deep cost-cutting" and a "sober" approach to the business, he said.
"You've got an asset that is troubled, that doesn't mean you can't turn it around," he said. Yahoo declined to comment Levinsohn's remarks.
Meanwhile, someone like Dan Gilbert, a wildcard bidder, is a "terrific operator," Levinsohn said.
But in any case, Yahoo needs to be cleaned up, he said — and that's not just CEO Marissa Mayer's fault, he said.
"If you're the CEO of a big, high-profile company, you take the good with the bad," he said.