Yahoo would rather not face questions from financial analysts about whether its massive email hack could derail the company’s $4.8 billion acquisition by Verizon. The internet company announced Friday that it will not hold the customary conference call after it releases its third-quarter earnings next week “due to the pending transaction with Verizon.” Verizon announced in July that it had agreed to buy Yahoo for $4.8 billion. (Verizon also owns AOL, The Huffington Post’s parent company.) The New York Post reported last week that Verizon wanted to cut $1 billion off the acquisition price due to the hack. Verizon denied the report.  In late September, a little less than two months after the deal was announced, Yahoo admitted that at least 500 million of its… Next »

Continue reading: here.

READ MORE
State Dept. approves exercise support deal for UAE

State Dept. approves exercise support deal for UAE

WASHINGTON, Oct. 25 (UPI) -- The U.S. State Department approved a proposed $75 million foreign military sale to United Arab Emirates supporting their participation in military exercises, the Defense Security

Turkish tourism could lose $25bn this year

Turkish tourism could lose $25bn this year

Experts forecast additional losses of up to $10 billion through the end of the year, with 9.5 million visitors cancelling trips to Turkey. Tourist spending also dropped 15-25 percent against

Delhi judge takes SBI to task for refusing litigant's fine in old note

Delhi judge takes SBI to task for refusing litigant's fine in old note

The implementing agencies should ensure that even the "smallest person" of the country does not face any harassment due to demonetisation move, a Delhi court has observed while taking strong exception

Grasim Shareholders Approve Increase In Foreign Investment Limit

Grasim Shareholders Approve Increase In Foreign Investment Limit

Mumbai: Aditya Birla group company Grasim Industries on Monday said its shareholders have approved raising foreign investment limit in the company to 30 per cent.The increase in the investment limit

Cash pool issues still abound under Treasury’s final debt-equity tax regs

Cash pool issues still abound under Treasury’s final debt-equity tax regs

Multinational companies are still subject to burdensome cash pooling requirements under significant changes in international tax rules that aim to tackle a tax avoidance practice called earnings stripping, tax experts

Best weather satellite ever built rockets into space

Best weather satellite ever built rockets into space

CAPE CANAVERAL, Fla. (AP) - The most advanced weather satellite ever built rocketed into space Saturday night, part of an $11 billion effort to revolutionize forecasting and save lives. This