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Yahoo's $40 billion spin-off is a raw deal for Alibaba—at least for now

Alibaba’s top executives didn’t know about Yahoo’s plans to spin-off its $40 billion stake until it was made public yesterday, say two people briefed on the situation, leaving the Chinese online giant scrambling to respond—especially since its own quarterly earnings are due out tomorrow. 494 more words

Kennedy says former company cooperating with SEC

HARTFORD, Conn. (AP) — Ted Kennedy Jr. says his former company is cooperating fully in an SEC investigation into allegations of insider trading.

The Marwood Group, a health care-focused consulting firm co-founded by Kennedy, received notice from the Securities and Exchange Commission this week that the agency’s staff plans to recommend charging the company with civil insider trading, Fox Business Network reported Tuesday. 308 more words

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