Scalper1 News
Yahoo (YHOO) stock sold off hard just before the closing bell Tuesday after a report that the Internal Revenue Service could change a rule change that might jeopardize the Web portal’s plan to hold a tax-free spinoff of its shares in China Internet giant Alibaba Group. The potential change would affect the IRS’s rules for spinoffs of trades or businesses that are small compared with a company’s other assets, according to a Bloomberg report late Scalper1 News
Scalper1 News