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Yahoo (YHOO) stock rose Monday after new comments from the Internal Revenue Service appeared to bolster the Web portal’s chances of completing a tax-free spinoff of its 15.5% stake in China e-commerce leader Alibaba (BABA) as planned. Yahoo stock was up 2% in midday trading in the stock market today, near 31. Recent concerns over the Alibaba sale have dragged down Yahoo stock, which touched a 15-year high above 52 in November. Yahoo shares were up Scalper1 News
Scalper1 News