US Engine Yahoo looks at "Strategic ALternatives" to separate its Alibaba stake

The US search engine Yahoo has confirmed it is looking at "strategic alternatives" for its business - including splitting off its stake in Chinese online retailer Alibaba.

Yahoo said it is setting up a committee to look into how the business can be reorganised to reverse its current financial woes.

 

The firm's share price has fallen by more than 40% since the end of 2014.

Boss Marissa Mayer has been under pressure to revitalise the business.

Earlier this month Yahoo confirmed it was cutting 15% of its workforce after reporting a $4.3bn (33bn) loss for the year.

The job

PDP New Chairman Election Emerges March 19, 2016

In an attempt to placate aggrieved members from the North-East who are kicking against the eligibility of the Acting National Chairman, Uche Secondus, to stay in office, the Peoples Democratic Party (PDP) National Working Committee (NWC) yesterday issued the  timetable for 2016 chapter congresses and national convention.

PDP

In a four-paragraph statement signed by the National Publicity Secretary, Olisa Metuh, the NWC fixed March 12, 2016 for state congresses, while zonal congresses would hold on March 16, 2016. According to the statement, the national convention to elect new national officers would hold on March 19.

The statement was, however, silent on whether the timetable was subject to the approval of the national executive committee.