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Yahoo to spin off Alibaba stake even without tax-free guarantee

Yahoo Inc. is proceeding with the spinoff of its stake in Chinese e-commerce giant Alibaba even without guarantee that it won't be taxed. In a regulatory filing, Yahoo says its board has authorized the transaction despite lacking an approval from the Internal Revenue Service. On news of the decision, Yahoo's shares rose Monday by as much as 4% in extended trading.


'Guardians of the Galaxy 2' cast, crew arrived in Atlanta for shooting; James Gunn shared artwork spin-off photo

James Gunn, writer and director, is currently occupied with the development of the "Guardians of the Galaxy Vol. 2". The team has arrived in Atlanta for a 10-month shooting.

‘The Mummy" Reboot: Alex Kurtzman At The Helm; New Monsters To Be Introduced

“The Mummy” reboot will have a new director by the name of Alex Kurtzman and he will be partnered with Chris Morgan. Hopefully, their tandem will create a more thrilling and exciting motion picture for Universal, as new monsters will be introduced in the film set to be released on March 2017.

PlayStation is the third most intimate brand for millennials

Sony's PlayStation is in the top three as the most intimate brands for millennials based on the research done by MBLM. The report will be released on October 6.


Latest News

Castro knocks out U.S. trade embargo at UN. The Cuban President, Raul Castro spoke Saturday for the first time at the United Nations and salute renewed diplomatic ties with the U.S. as "major progress". However, he knocks out a US trade embargo as the number one hindrance to Cuba's economic development, as reported by MSN News.
‘Shaun the Sheep’ was a surprising box office hit, so much that it is getting a sequel. 120 Shaun the Sheep sculptures are currently displayed in Covent Garden, London, until October 8.
Chicago-based start-up lender Avant Inc has mobilized $325millions in its latest round of funding from a private equity (PE) firm General Atlantic and JPMorgan Chase & Co. Balyasny Asset Management and Tiger Global Management LLC are also investing in the round taking total fund-raising for Avant to $659mn till date. General Atlantic-led round is expected to close in October. With this fund-raising, the valuation of Avant is pegged at $1billion. The start-up firm is planning to use the mobilized funds to offer various financial products and fund its global expansion plan.
American Singer and Grammy Award Winner Lady Gaga was thanked by the four rape victims for her new song "Till it happens to you". The song was strongly address for rape victims, and is the theme song for the sexual violence-theme documentary film, The Hunting Ground.
'Chicago Fire' Season 4 explains Casey's disappearance and connection to murdered stripper. Brett and Chili find themselves working on an emotional duty call.
“Tron 3” is once more not in the work table for Disney despite announcing earlier in the year that it will soon start production. However, during Garrett Hedlund’s promotional interview for “Pan”, he thinks that the studio might work on it anytime if they want to.
The Punk Rock Princess, Avril Lavigne turned 31 on September 27, however, the birthday celebration seems to be missing someone. Her ex-husband Chad Kroeger didn't came to her bithday bash party.
As part of its debt reduction exercise, the world's largest bullion producer Barrick Gold Corp has offered to buy back some part of its outstanding debt. Despite the drop in gold prices, The Toronto-based Barrick Gold Corp has been selling assets.
Former One direction member, Zayn Malik uploaded a photo on his Instagram, showing a shirtless Zayn wrappin his arms on the blonde girl. Fans made a fussed about the unnamed girl.
The feuding Mikaelson brothers track down a serial killer on the loose in New Orleans. A group of vampires sired by the Mikaelson siblings also arrive in the Big Easy.