Yahoo! Inc. (NASDAQ:YHOO) investors have been premature in reacting to news that the Internal Revenue Service (IRS) is considering changes to rules concerning spinoffs.
In a statement, a Yahoo spokeswoman said it understood that any potential change to the rules would not affect ruling requests that had already been filed.
Yahoo plans to create a new company out of its $33 billion stake in the Read more […]
Major US financial institutions JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc (NYSE:C) are expected to plead guilty to forex rigging charges brought by the US Justice Department.
What is remarkable about this settlement is that the parent companies themselves will plead guilty to the criminal charges rather than the forex trading subsidiaries.
Major US-based global financial institutions Read more […]
The $4.4 billion purchase of AOL by Verizon means the incessant talks of Yahoo acquiring AOL can at last be laid to rest. This is good news for Yahoo investors and Yahoo management focused on growing Yahoo in the niche it has chosen.
The Verizon-AOL Deal
The one time giant of the online world, America Online, is a much shrunken version of its former self these days and the broadband and telecommunications Read more […]
Apple Inc. (NASDAQ:AAPL)’s iPad 2 And Microsoft Corporation (NASDAQ:MSFT)’s Surface 3 offer interesting alternatives to people looking for a powerful tablet. Where Microsoft Surface may win is with its Intel Atom processor, full Windows operating system and more memory than the iPad 2.
With the Surface 3, Microsoft has ditched ARM processors and gone for quad core Atom X7 CPUs with a fanless Read more […]
Apple Inc. (NASDAQ:AAPL) will return good numbers for the January — March quarter (2Q2015 for Apple) on the backs of continued demand for its latest iPhone 6 and iPhone 6 Plus, according to Citi analysts Asiya Merchant and Jim Suva. And when Apple comes out with good numbers, they tend to be extraordinary and unprecedented. Apple CEO Tim Cook had described demand for iPhones as “staggering, shattering Read more […]
Netflix, Inc. (NASDAQ:NFLX) is on an expansion spree into international markets and is spending heavily in producing original content. Australia is the latest country to join the Netflix map.
Netflix added 13 million new customers in 2014 to reach a total of 57 million subscribers across the globe. As broadband penetration grows around the world, more people will choose to go for streaming services Read more […]