Scalper1 News
In a major about-face, Web portal Yahoo (YHOO) early Wednesday said it’s dropped plans to spin off of its $31 billion stake in China e-commerce leader Alibaba Group (BABA) and will instead consider spinning off or selling all or parts of its core business. Yahoo stock at first rose a fraction on the news, but in midday trading in the stock market today, shares were down more than 4.5%, near 33. Yahoo stock touched a four-month high of 36.39 on Scalper1 News
Scalper1 News