IRS Spin-Off Announcement General But Likely Motivated by Yahoo! (YHOO), Says BofA
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall St set to open higher as tech rebounds, Micron earnings eyed
- Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- JPMorgan raises S&P 500 target to 7,800, says earnings revision ’unprecedented’
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Yahoo! (YHOO) Affirms Alibaba (BABA), Yahoo Small Business Spin-off Plans Amid IRS Rule Change Chatter
May 20, 2015 6:43 AM EDTYahoo! (NASDAQ: YHOO) issued the following statement early Wednesday:
An IRS representative stated Tuesday that the IRS plans to study its rules for issuing private letter rulings regarding the active trade or business requirement in spin-off transactions and will hold off processing new... More
Yahoo! (YHOO) Undervalued Despite New IRS Spin-Off Uncertainty, Cantor Fitzgerald Says
May 20, 2015 6:36 AM EDTCantor Fitzgerald analyst Youssef Squali weighed in on Yahoo! (NASDAQ: YHOO) today after commentary from the IRS's Office of Associate Chief Counsel late afternoon yesterday regarding changes to the tax treatment of certain spinoffs raised a cloud of uncertainty around Yahoo!s... More
Yahoo! (YHOO) Hits Session Lows as IRS Said to Change Spinoff Rules
May 19, 2015 3:42 PM EDT(Updated - May 19, 2015 3:59 PM EDT)
(Updated - May 19, 2015 3:55 PM EDT)
(Updated - May 19, 2015 :4:29 PM EDT)
Yahoo! (Nasdaq: YHOO) shares hit session lows heading into the close of trading on Tuesday. Weakness was tied to an IRS ruling that could... More
