It’s not yet certain whether the Internal Revenue Service (IRS) will go along with Yahoo’s plans to spin-off its Alibaba shares into a separate company but Yahoo! Inc. (NASDAQ:YHOO) investors appear uncertain about Yahoo’s tax-saving stratagems. Yahoo shares have lost 30 percent since May as the maneuvers continue and Yahoo recently announced that the IRS declined to issue a ruling on its request.
Tax Read more […]
As Apple sets the date for its next iPhone launch event on September 09 like last year, Apple’s stock has been in the doldrums for a while. But that could be just a summer slumber before the action picks up again as traders return from their vacations.
In recent years, Apple stock has tended to end the year higher than where it was at the beginning of the year — including in 2012 when the stock Read more […]
In a move that has surprised one and all, Google is restructuring how it runs itself. Google has created a new company called Alphabet that “is mostly a collection of companies,” writes Larry Page, the new CEO of Alphabet.
This already sounds like Warren Buffett’s Berkshire Hathaway and the way companies operate as independent entities under the Berkshire umbrella. Sergey Brin, Google’s co-founder, Read more […]
German carmakers Audi, BMW, and Daimler (owners of the Mercdeds brand) paid € 2.8 billion or about $3 billion to acquire Nokia’s mapping service Hire. Nokia sold its mobile phone unit to Microsoft last year for $7.6 billion.
Nokia is now focused almost entirely on its telecom equipment business, selling communications equipment to telecoms carriers worldwide.
Nokia’s Here mapping technology Read more […]
Facebook chief executive Mark Zuckerberg took to Facebook on Friday to announce that he and his wife Priscilla Chan are expecting a baby girl. But the announcement also talked about miscarriages Ms. Chan had suffered in the process or trying to have a baby.
Mr. Zuckerberg wrote that he and Ms. Chan had had three miscarriages before the ongoing pregnancy. Mr. Zuckerberg’s Facebook post has more Read more […]
The unexpected second quarter profits from online retail giant Amazon.com, Inc. (NASDAQ:AMZN) have pushed Amazon’s stock prices up and made its founder and CEO, Jeff Bezos, more wealthy than before.
Mr. Bezos’ wealth now surpasses that of Oracle founder and flamboyant billionaire Larry Ellison’s as Mr. Bezos takes up the fifth spot in the ‘world’s richest person’ stakes.
The leader of the pack Read more […]