Alibaba stock sale lifts Yahoo profit
Yahoo
San Francisco - AFP
Yahoo said Tuesday its quarterly profit surged to $6.8 billion, boosted by the sale of a portion of its shares in Chinese Internet powerhouse Alibaba.
Revenue from operations inched up a percent to $1.15 billion. according to third quarter results welcomed by chief executive Marissa Mayer, who is under pressure to show the company can flourish apart from its lucrative investment in Alibaba.
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U.S. stocks post weekly losses amid tech shares routRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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