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The top court in Massachusetts ruled against Yahoo on Monday by concluding that federal law does not bar it from providing the representatives of an deceased man's estate access to his email account. The Massachusetts Supreme Judicial Court's decision marked a victory for two people who fought Yahoo for years after their brother's death in 2006, seeking access to contents of his email account.
Altaba Inc (NASDAQ:AABA) generated a below-average return on equity of 4.73% in the past 12 months, while its industry returned 10.09%. Though AABA’s recent performance is underwhelming, it is usefulRead More...
The news expands the likely number and claims of class action lawsuits by shareholders and Yahoo account holders, they said. Yahoo, the early face of the internet for many in the world, already faced at least 41 consumer class-action lawsuits in U.S. federal and state courts, according to company securities filing in May. John Yanchunis, a lawyer representing some of the affected Yahoo users, said a federal judge who allowed the case to go forward still had asked for more information to justify his clients' claims.
Short interest is extremely low for AABA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AABA. Over the last one-month, outflows of investor capital in ETFs holding AABA totaled $853 million.
Starboard Value Jeffrey Smith pitched store-brand pharmaceutical company Perrigo as his best investment idea now, during a conference Tuesday.
Alibaba Group Holding is having a stellar year. A cheap way to play Alibaba (BABA) is through Altaba (AABA), the former Yahoo!, whose 15% stake in Alibaba is valued at $65 billion. Altaba shares are up 65% this year, to about $64, on Alibaba’s big gains, but trade at a 30% discount to the value of the company’s assets (see table).
Shares of Altaba Inc. , formerly known as Yahoo, ran up 4.6% in premarket trade Thursday, on the heels of Alibaba Group Holding Ltd.'s better-than-expected quarterly results. The stock was on track to ...
Failed leaders have many things in common. One of those is a tone deafness to the culture and atmosphere they create within their organizations. That seems to be a major fault of Travis Kalanick, the recently resigned CEO of Uber, who was forced out by his investors in part because of the sexist, bro culture…
JPMorgan initiated coverage on Altaba Inc (NASDAQ: AABA ), the reincarnation of Yahoo’s assets following the sale of the Yahoo 's operating business to Verizon Communications Inc. (NYSE: VZ ). The firm ...
Altaba is the holding company created after Yahoo's sale of its core internet business to Verizon Communications, and controls a significant interest in Yahoo! Japan and Alibaba.
DETROIT (AP) — Uber seeks a strong manager who can repair a broken image, juggle multiple lawsuits and government investigations, develop and nurture a new corporate culture and lead a successful IPO.
Shares of Altaba Inc, the holding company left behind after Yahoo Inc's sale of its core internet business to Verizon Communications Inc, will begin trading on the Nasdaq on Monday. Altaba's main assets ...
Oct.03 -- Yahoo now believes a 2013 security breach exposed all 3 billion of its users at the time. Bloomberg's Crayton Harris reports on "Bloomberg Daybreak: Asia."
Jul.12 -- Tim Armstrong, Oath Inc.'s chief executive officer, discusses the company's strategy and growth opportunities with Bloomberg's David Gura at the Allen & Company Media Conference in Sun Valley, Idaho.