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Yahoo will sell Alibaba stake despite IRS tax stance
2015-09-29 08:50:00| Telecompaper Headlines
(Telecompaper) Yahoo said it plans to move forward with the sale of its stake in Alibaba Group even though the IRS has declined to rule on whether the transaction would be tax free, Reuters reported. Yahoo said earlier this month that the IRS had denied its request for a private letter ruling on whether the spinoff of its stake in Alibaba would be considered tax free. The sale is still subject to certain other conditions including the receipt of a legal opinion on the tax-free treatment of the deal under US federal tax laws, Yahoo said in a regulatory filing. Based on Alibaba's close on 28 September of USD 59.24 per share, Yahoo's 384 million shares in the e-commerce company are worth USD 22.75 billion. The value of the stake is slightly less than Yahoo's market capitalization of about USD 25.98 billion based on 941 million shares outstanding on 31 July and the close on 28 September. Many analysts say Yahoo's core business is worth close to nothing without its Asian assets.
EPA says to take tougher stance on auto emissions tests
2015-09-25 16:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: U.S. environmental regulators said on Friday they are sending a letter to all automobile manufacturers saying they are stepping up emissions-testing activities in response to Volkswagen's alleged violations of pollution laws. "We are upping our game," Chris Grundler, head of transportation and air quality at the Environmental Protection Agency, told reporters in a teleconference. Volkswagen could face $18 billion in fines from the EPA after it admitted using software in diesel cars that evades...
Tags: auto
tests
emissions
epa
Pacific leader warns Australia on climate stance
2015-09-08 13:21:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: Australia should consider leaving the Pacific Islands Forum (PIF) if it cannot accept the regional body's firm stance on climate change, Kiribati President Anote Tong said Tuesday. Tong said global warming had left small island nations fighting for their future and there was no room for compromise on the issue at this week's PIF meeting in Papua New Guinea. The 16-nation grouping consists mainly of small island nations including Kiribati, together with Australia and New Zealand, and the two...
Tags: australia
leader
pacific
climate
Scott Walker's Stance On The Environment Is Pretty Anti-Green & Here's Proof
2015-07-14 17:37:00| Climate Ark Climate Change & Global Warming Newsfeed
Bustle: Wisconsin Republican Gov. Scott Walker officially announced his 2016 presidential campaign, making him the 15th Republican candidate in the race. In a tweet Monday morning, he declared, Im in. Im running for president because Americans deserve a leader who will fight and win for them. But Scott Walkers stance on the environment shows how anti-green this guy actually is. Some politicians dont prioritize the environment and just dont seem to care. But not too long ago, climate change and environmentalism...
Tags: environment
pretty
scott
proof
Ball State University's moral stance against fossil fuel
2015-07-06 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Indy Star: A faculty member who has been critical of Ball State University for investing in fossil fuels is applauding the institution's investment policy changes. "I think we need to keep in mind that there is an emergency associated with climate change," John Vann, an associate professor of marketing, told The Star Press. "We're real close to being pushed over the tipping point where we have runaway global warming." Why is runaway global warming an emergency? "We're going to die," Vann said. "It could...
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