Yahoo CEO takes on company turnaround, childbirth

...entirely driven by Yahoo's large stake in one of China's hottest Internet companies, Alibaba Group. Yahoo hopes to spin off all 384 million of its Alibaba shares into a separate company called Aabaco to dramatically reduce the taxes due on an...

Macy's sets its sights on China amid tough US climate

...largely because it will benefit from a sale of real estate in Brooklyn. Macy's, which has been under pressure to spin off its real estate, estimates a $250 million gain from the sale.

EBay sells Enterprise unit, tops profit expectations

...925 million and topped Wall Street expectations for its second-quarter earnings as the online retailer prepares to spin off PayPal.Shares rose more than 4 percent in morning trading Thursday.EBay had said in January that it might sell Enterprise...

EBay thinking smaller as it prepares for split from PayPal

...marketplace.The effort comes as it attempts to address investor concerns about how it will fare later this year after it spins off its PayPal division, which has long been eBay's fastest-growing segment.CEO John Donahoe said Wednesday the company...

Deutsche Bank co-CEOs to step down

...Fitschen and the other defendants have denied any wrongdoing.Deutsche Bank recently announced a reorganization that will spin off its Postbank branches in Germany, close offices in some countries and eliminate less-profitable business at its investment...

Activist investor steps up pressure on DuPont

...and communication. It also wants the performance chemicals unit separated.While DuPont has already announced plans to spin off the performance chemicals segment, Trian said that the plans include "poor corporate governance and punitive anti-takeover...

Exxon, Chevron post higher earnings despite low oil prices

...trend lately has been for integrated oil and gas companies, which own production, refining and distribution assets, to spin off their refining operations into different companies in an effort to better appeal to investors.Exxon CEO Rex Tillerson...

Fiat Chrysler will spin off Ferrari

MILAN - Fiat Chrysler Automo biles announced Wednesday that it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand's value and distinguish it from its mass-market...

Business news

Yahoo will spin off its stake in AlibabaSAN FRANCISCO - Yahoo CEO Marissa Mayer is spinning off the company's prized stake in China's Alibaba Group...

Restaurants are out to show Phoenix is not a foodie desert

...than two blocks east of the Roosevelt stop on Roosevelt Street is Short Leash Sit...Stay, a brick-and-mortar spin-off of one of the city's first successful food trucks. Husband and wife Brad and Kat Moore have been garnishing locally-made...