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MAY 20, 2015 - TheStreet

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Etsy Plunges on Earnings Miss, Apple Up Despite Spotify Move

NEW YORK (TheStreet) -- Online arts and crafts marketplace provider Etsy  took a dramatic plunge Wednesday after the company posted disappointing first-quarter results. Apple  managed to stand its ground, despite an announcement by the streaming music company Spotify that it would dive deeper into the range of features it would offer music and video lovers. Yahoo! soared after reassuring investors it will ...

Tags: Etsy Plunges on Earnings Miss, Apple Up Despite Spotify Move,  Internal Revenue Service Latest News

MAY 20, 2015 - Business Insider

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Tax scare on Yahoo's Alibaba stake spin-off seen premature

By Supantha Mukherjee and Abhirup Roy(Reuters) - Yahoo Inc's planned spin-off of its stake in Alibaba Group Holding Ltd is likely to proceed on a tax-free basis, analysts said, as Yahoo shares regained most of their losses after concerns of a possible change in U.S. tax rules spurred a slide on Tuesday.The stock closed up $1.81 to $42.73 on the ...

Tags: Tax scare on Yahoo's Alibaba stake spin-off seen premature,  Internal Revenue Service Latest News

MAY 20, 2015 - Zacks Investment Research

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Yahoo! Falls on Worries over Tax-Free Alibaba Share Spinoff - Analyst Blog

Yahoo!'s (YHOO) shares plummeted 7.6% following reports that that the Internal Revenue Service (IRS) could possibly change rules concerning tax-free spinoff transactions.

Tags: Yahoo! Falls on Worries over Tax-Free Alibaba Share Spinoff - Analyst Blog,  Internal Revenue Service Latest News

MAY 20, 2015 - TheStreet

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Yahoo! Investors Don't Need to Worry About the IRS

NEW YORK (TheStreet) -- Yahoo! investors may have constant concerns about the company's core business grinding to a halt, but a spinoff of its remaining stake in Alibaba shouldn't add to the worries, analysts said. Shares of Sunnyvale, Calif.-based Yahoo! fell sharply prior to the market close on Tuesday, as news trickled out that the Internal Revenue Service was looking ...

Tags: Yahoo! Investors Don't Need to Worry About the IRS,  Internal Revenue Service Latest News

MAY 20, 2015 - MarketWatch

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Yahoo's stock surges as analysts say concerns over Alibaba stake spinoff are overdone

Yahoo Inc.'s stock surged 2.9% in premarket trade Wednesday, after analysts said the sharp selloff late Tuesday, on concerns that the company's plan for tax-free spinoff of shares of Alibaba Group Holding might be derailed, was an overreaction. The stock had tumbled 7.7% in the final 30 minutes of regular-session trade Tuesday following reports that the Internal Revenue Service was ...

Tags: Yahoo's stock surges as analysts say concerns over Alibaba stake spinoff are overdone,  Internal Revenue Service Latest News