On Friday, Shares of Yahoo! Inc. (NASDAQ:YHOO), gained 1.98% to $39.68.
Yahoo Inc., officially filed to spin off its holdings in Alibaba on Friday, which will establish a new company called Aabaco Holdings. Aabaco will comprise of about 15% ownership of Chinese e-commerce giant Alibaba, together with a Yahoo segment that delivers cloud services to small businesses, according to Market Watch.
Yahoo stockholders will get shares in the new entity, Aabaco Holdings Inc., which will hold nearly 384 million shares in Alibaba, according to documents filed Friday with regulators. That stake is presently worth about $32 billion. AP Reports.
The spin-off, originally declared in January, is Yahoo’s attempt to deliver the value of its Alibaba investment to Yahoo shareholders while avoiding a large tax bill. Yahoo anticipates the spin-off to take effect in the fourth quarter, the company said in a Friday news release. Market Watch Reports.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Shares of Union Pacific Corporation (NYSE:UNP), inclined 1.44% to $97.42, during its last trading session.
Interested parties are invited to listen to Union Pacific Corporation, second quarter 2015 earnings release presentation that will be broadcast live over the Internet and via teleconference on Thursday, July 23, 2015, at 8:45 a.m. Eastern Time.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals compriseing of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
Finally, Cerner Corporation (NASDAQ:CERN), ended its last trade with 0.04% gain, and closed at $71.33.
The Allgemeine Unfallversicherungsanstalt (General Accident Insurance Institution, AUVA) agreed to implement Cerner Millennium(R) electronic health record in seven emergency hospitals and four rehabilitation centers. The new agreement will significantly expand Cerner’s market share in Austria.
An essential part of the multi-year project will be the introduction of the electronic patient record, electronic medication and the interactive digital chronological patient timeline. In addition, the emergency department, order administration processes and clinical documentation for nursing and ancillary departments will be digitized.
The AUVA is financed by social security contributions, is client-oriented, and operates sustainably and efficiently. As a statutory accident insurer, the AUVA provides a wide range of services from prevention and curative treatment to rehabilitation and financial compensation for accident victims.
Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, hardware, and content solutions for healthcare organizations and consumers in the United States and internationally.
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