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Chief Executive Officer Marissa Mayer, seeking to address doubts on Wall Street about how she’s managing the company’s assets, is aiming to spin off the roughly 15 percent stake in China-based Alibaba and potentially save about $9 billion in taxes.

Analysts and shareholders believe the company and its stake in Alibaba would be worth more separately, as long as the spinoff is not subject to tax incurred from selling the shares.

Alibaba shares were up 1 per cent at $57.97 in morning trading.

The stock is 45% down in 2015 through the end of business Monday.

Yahoo said the transaction is still on track to close by the end of the year, sending Yahoo’s shares up in after hours trading on Monday.

The news comes a couple of weeks after the IRS declined to give its advanced blessing to the transaction in a so-called “private letter ruling” that Yahoo had requested.

Yahoo is going ahead with its plans to spin off about $22 billion in Alibaba shares-even if there’s a risk of a multibillion-dollar tax bill. While the agency is stepping up scrutiny of such transactions, Yahoo is going forward with the plan, which was announced in January,...

SAN FRANCISCO, United States-Yahoo notified USA regulators that it is proceeding with plans to spin off its multi-billion-dollar stake in Alibaba despite the unanswered question of what the tax bill could be.

It said the article, authored by Jonathan Laing, “contains factual inaccuracies and selective use of information, and the conclusions he draws are misleading”. The stock market sided with the publication all day as shares closed Monday’s trading session down...

Alibaba, of course, disagreed, and on Sunday followed with a lengthy response, going through Laing’s argument on an nearly point-by-point basis, adding that the story, “lacks three key ingredients – integrity, professionalism, and fair play”. Banking on...

The Internet portal has $23 bil in Alibaba shares, representing a 15% stake in the Chinese e-commerce giant. The company in a statement said that despite the rebuff, it believes that the IRS hasn’t ruled out the possibility that a spinoff could still be completed without...

On the online story, you will find food items items from Metro Cash & Carry and non-food from its real supermarket brand.

The Equity Firm lowers its price target from $110 per share to $90 per share. Cantor Fitzgerald set a $100.00 price target on shares of Alibaba Group Holding and gave the company a buy rating in a research report on Monday, May 4th. After the session commenced at $58.16, the...

It’s ugly. But before you panic, let’s put this in perspective. “As it stands, the FTSE 100 is on course to post its biggest weekly decline of the year so far and there’s not a great deal on the agenda that would appear to have the ability to salvage the...

The New York Stock Exchange invoked a rule saying market makers don’t have to disseminate price indications before the opening bell in an effort to make it easier and faster to open stocks on a volatile trading day.