IRS declined to bless Yahoo's planned tax-free Alibaba spin-off, sending its shares down about 4%. According to Business Insider, Yahoo owns 384 million shares of Chinese tech giant Alibaba, which is worth $23 billion. Yahoo plans to turn that into a separate company with its small-business unit in a tax-free transaction that allows it to give much of the value back to Yahoo shareholders. However, IRS declined to grant Yahoo's request. It doesn't mean the IRS rejected Yahoo's plan directly. IRS is simply telling Yahoo it can't be too confident about the approval of the deal.
United States
Spotify Launches "Found Them First" Tool For Users’ Bragging Rights Over Breakout Artists
Spotify subscribers can finally brag to their friends they're among the very first people in the whole world who have listened to an artist who just made their biggest break in the music industry. Thanks to the digital music service provider's discovery tool called "Found Them First," subscribers and their followers can finally know the list of rising artists personally streamed.
Aerojet Rocketdyne Offers United Launch Alliance $2 Billion
Aerojet Rocketdyne Holdings Inc reportedly made a $2 billion offer to United Launch Alliance, the prime spacecraft launch service provider of Pentagon jointly owned by Boeing Co. and Lockheed Martin Corp.
Macy's To Close 40 Underperforming Stores To Focus on Ecommerce
Macy's Inc recently announced its plans of closing 35 to 40 underperforming stores to focus its operation on online shopping. Reuters reports that Macy's plans to close the stores early in 2016. It would also announce on a later date which among the 770 stores it operates will be closed. Macy's operates a total of 885 stores all over the world.
Improving Credit Score in Four Simple Steps
Credit score health is as important as one's reputation. Building a good credit score takes years, but it only takes an instant to destroy it, hence the comparison. The health of one's credit score lies on how someone has been responsible with his or her finances.
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Three PC makers, Lenovo, HP and Dell will consolidate in the PC market, says Michael Dell on a press briefing in Bengaluru, India Michael Dell, Dell Inc. CEO, told Reuters he predicts there would be consolidation among three PC makers in the market. These are Dell, HP and Lenovo. These three PC manufacturing companies will take over 80% of the market in a few years.
Doctors, hospitals and healthcare groups criticized the proposed merger of four major insurances, saying that it could lead to harm for the healthcare industry.
More and more U.S. workers don't want to work for the "Man" anymore and be tied up to just one boss as they consider themselves "free agents." In a report by CNN Money, 31% of workers in the US consider themselves "free agents," according to a survey from Kelly Services, a recruiting and employment firm. These "free agents" consider themselves contractors, small business owners, temps, freelancers, and moonlighters, but never "traditional employees." This means, they don't get their income from just one boss. Most of these free agents said they entered their type of work willingly, and only 10% said they were forced into it due to economic conditions.
Investors have been asking about how Facebook's Messenger can earn more money. CEO Mark Zuckerberg revealed plans during the earnings call on how Facebook will bring more dollars to its recently acquired messaging app.
Analysts believe that, as we begin the age of venture capital revolution, disruptive technology draws majority of venture capitalists. But firms are becoming overwhelmed by high-tech innovations. That's the challenge venture capital is facing today.
Amazon.com, Inc. plans to drop a new tablet worth $50 as it has struggled drawing customers to its pricier devices. The said tablet is said to be rolled out this holiday.
One of the most successful travel bloggers in the world, Johnny Ward, is hailed from a small town in Northern Ireland called Kilkeel. It is exactly that which inspired him to travel and explore the world.
There are a lot going on in the credit card industry, from credit card and gas related theft and fraud to online shopping without credit cards. Forbes reports on each of this credit card news. First, there is a fast spreading epidemic in the credit-card and gas-station industries where thieves are pumping gas illegally for profit. Meanwhile, a new Swedish checkout service allows people to shop online without using credit cards.
Apple has released a new Apple Watch app that is centered around lightweight communication between hosts and guests. They can use it to get notifications and read and respond to messages. Hosts can also receive booking requests right from the watch as reported by msn.com.
