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Business

Yahoo to weigh deals for Asian assets

NEW YORK (Reuters) - Yahoo Inc is discussing a plan to slash its stakes in China's Alibaba Group and a Japanese affiliate in a complex deal worth roughly $17 billion, sources familiar with the matter said.

Business

THL eyes Yahoo’s US ops

NEW YORK: Thomas H. Lee Partners (THL) is interested in buying the US operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources said.

Business

Yahoo 2Q revenue drop overshadows earnings gain

SAN FRANCISCO (AP) - Yahoo Inc. plodded through another disappointing performance in the second quarter, a familiar script that's wearing thin with exasperated investors.

Business

Yahoo chairman defends CEO to shareholder's dismay

SAN FRANCISCO: Yahoo Inc. Chairman Roy Bostock sought to defuse speculation about CEO Carol Bartz's job security at the Internet company's annual shareholders meeting Thursday, only to have it ignited again at the end of the session by an exasperated investor.

Business

Alibaba to split unit Taobao into 3

SHANGHAI: Alibaba Group said yesterday it had reorganised Taobao, China's largest ecommerce website, into three separate companies, squashing any chance of a Taobao public offering.

Business

Alibaba’s Ma: Break up Yahoo

SAN FRANCISCO: Alibaba founder Jack Ma didn't shed new light on his negotiations with Yahoo and Softbank during an appearance at a conference on Wednesday, but he did offer some unexpected advice for Yahoo.

Business

Chinese e-commerce giant opens furniture showroom

BEIJING: China's e-commerce giant is stepping up its heated rivalry with bricks-and-mortar retailers with the launch of a five-story home furnishings showroom in Beijing.

Business

Yahoo CEO vows to clean up Alibaba mess in China

SAN FRANCISCO (AP) - Yahoo Inc. CEO Carol Bartz found herself in a familiar position Wednesday: assuring stock market analysts that she will clean up a mess damaging the long-slumping Internet company's market value.

Business

US stocks down on debt concerns

NEW YORK: Technology company troubles and renewed concerns about Europe's debt dragged stocks lower for a second day.

Business

Yahoo, Alibaba: We're "committed to" negotiations

NEW YORK: Yahoo Inc. and Alibaba Group released a joint statement Sunday saying they are engaged in and committed to productive negotiations, giving few details but aiming to present a united front as tension grows between the two tech giants.