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Yahoo Sells Chunk of Alibaba Stake

Yahoo Header

Yahoo has completed a long-awaited $7.6bn (£4.7bn) deal to sell back its 40% stake in China's Alibaba Group, generating a windfall that could help ease the pain of Yahoo shareholders who have endured the company's foibles during the past few years.

Citigroup Puts the Fun Back in Taking Huge Losses

Happy Pandit

A few months ago, the Bank for International Settlements, which acts as a bank for the world’s central banks, warned in its annual report that 'the financial sector needs to recognize losses' and 'adjust balance sheets to accurately reflect the value of assets'. We are starting to get a taste of what that means, and it’s not all bad.



Gavel Jason Morrison

Cantor v Kantor

Cantor Fitzgerald is escalating a contract dispute with its former head of investment banking, Steven Kantor, suing Tuesday in a bid to force him to repay $9m in loans.