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January 11, 2017 11:28 AM Aabar set to back UniCredit's share sale: sources

MILAN/ABU DHABI Abu Dhabi's Aabar Investments is set to buy into an upcoming 13 billion euro ($14 billion) share issue at UniCredit (CRDI.MI) to keep its 5 percent stake in Italy's biggest bank unchanged, three sources familiar with the matter said on Wednesday. UniCredit is expected to launch its jumbo share sale next month as it strives to bolster 37

January 11, 2017 1:26 AM Former U.N. chief Ban unaware of details of U.S. bribery charges against relatives: spokesman

SEOUL Former U.N. Secretary-General Ban Ki-moon is unaware of the circumstances surrounding bribery charges laid by U.S. prosecutors against two of his relatives, Ban's spokesman Lee Do-woon told reporters on Wednesday. Ban's brother and nephew have been indicted on U.S. charges that they engaged in a scheme to bribe a Middle Eastern official in connection 36

January 10, 2017 3:46 PM Jewelry sale gone wrong ends with victim dragged across parking lot, police say

A Hialeah couple decided to sell old jewelry through an app and ended up dragged across the parking lot of a gas station, police said. By the time cops arrived, they said the 14-karat gold anklet with a dolphin charm was on the ankle of the robbery suspects’ child. Hialeah police arrested Lorely Lafont, 27, and Marisol Sanchez, 27, and charged them with the crime 49

January 10, 2017 3:13 PM Valeant Strikes Deals to Shed More Assets

Skin-care brands sold to L’Oreal for $1.3 billion; cancer business goes to China’s Sanpower as drugmaker seeks to pare debt Valeant Pharmaceuticals International Inc. agreed to sell three skin-care brands including CeraVe to French cosmetics giant L’Oréal for $1.3 billion, the latest effort by the beleaguered drugmaker to unload assets and pare debt. The sale of the brands 45

January 10, 2017 11:00 AM Morning Agenda: ‘Altaba,’ Taxes of Trump Appointees, Executive Trip Aids F.B.I

“Altaba” — that’s the new name of the company that remains if Yahoo completes the sale of its internet business to Verizon (not to be confused with the scissors maker in Pakistan), according to a regulatory filing on Monday. The name is a play on Alibaba, which Altaba holds a 15 percent stake in. It also holds a 35.5 percent stake in Yahoo Japan 79

January 10, 2017 1:00 AM Yahoo chief Marissa Mayer to leave company board after Verizon sale

Yahoo confirmed on Monday that chief executive Marissa Mayer will quit the company's board after its merger with Verizon. Mayer is expected to remain with Yahoo's core business, which is being bought by the US telecom titan. Yahoo is selling its internet operations as a way to separate that from its more valuable stake in Chinese internet giant Alibaba 75

January 10, 2017 1:00 AM Yahoo Would Become ‘Altaba’ After Selling Its Internet Business

SAN FRANCISCO — The fate of Yahoo’s $4.8 billion sale of its internet business to Verizon Communications may be uncertain. But in case it goes through, Yahoo has plans for what will remain. In a regulatory filing, the company said on Monday that when that deal closed, it would rename itself “Altaba.” Moreover, more than half of the company’s current 61

January 10, 2017 1:00 AM How Yahoo Came Up With Its New Name

Yahoo was already a shell of its former self. Now part of the company is getting an obscure new name: Altaba. When Verizon agreed to buy the company for $4.8 billion in July 2016, it planned to purchase just Yahoo's core Internet businesses, which include its email service, sports verticals and various apps. What's left of the embattled technology company 44

January 10, 2017 12:30 AM Why Marissa Mayer will emerge from the ashes of Yahoo

Marissa Mayer will not fade off into the distance. In fact, she might emerge as a tech leader at another company. She emerged as a tech icon, someone we desperately needed in an industry that is so male dominated it’s almost laughable. When you think of the tech titans -- Facebook, Yahoo, Twitter, and Google -- you might accept that they have brilliant 68

January 9, 2017 11:43 PM Marissa Mayer to Resign From Yahoo Board After Sale

The remaining investment company will be renamed Altaba Inc. As Yahoo takes steps to sell its core internet business to Verizon, the company is revealing its plans for its remaining investment company. In a regulatory filing published Monday, Yahoo disclosed that CEO Marissa Mayer, chairman Maynard Webb, co-founder David Filo and three other board members 52