Tag Archives: yhoo

Yahoo To Spin Off Small-Biz Unit With Alibaba Shares

Yahoo (YHOO) said Wednesday that it will spin off Yahoo Small Business, which helps small firms set up and run their businesses online, as part of the spinoff of its 15% stake in Alibaba Group. The Web portal announced during its Q4 earnings last week that it would spin off its 15% stake in China’s Alibaba Group (BABA) into a newly formed independent registered investment company. “Yahoo Small Business will move over to the newly formed public

Yahoo U.S. Search Share Rises Again, Google Dips

No. 3 Internet search service Yahoo (YHOO) grabbed more of the U.S. search market in January for the second consecutive month, while No. 1 Google saw its share dip below 75% for the first time, according to a research report released on Monday by Web research firm StatCounter Global Stats. In January, Google (GOOGL) handled 74.8% of U.S. search requests, followed by Microsoft (MSFT)-owned Bing at 12.4% and Yahoo at 10.9%. That marked Yahoo’s

Yahoo Reverses 8% From High Despite Spinoff

Yahoo (YHOO) almost foreshadowed Wednesday’s market reversal, as shares dropped below their 50-day line, plunging nearly 8% from their intraday high on the stock market today. The move comes just one day after the Web portal announced view-topping quarterly earnings and the spinoff of its 15.4% stake in Alibaba (BABA). The Chinese e-commerce giant’s stock also fell a day ahead of its own earnings report. Watch this video for chart analysis of both