Yahoo may rethink use of cash from Alibaba deal
SAN FRANCISCO, Aug 9 Yahoo Inc may re-evaluate plans for the cash it gets from a multibillion-dollar sale of half of its 40 percent stake in Chinese Internet company Alibaba Group.
SINGAPORE Dec 29 Singapore Post Ltd named an executive from logistics firm Toll Group, Paul Coutts, as its new group chief executive officer.
The announcement comes nearly a year after Wolfgang Baier, who oversaw SingPost's expansion into businesses related to e-commerce, resigned as CEO from the company, which counts Singapore Telecommunications and Alibaba Group Holding among its top shareholders.
Shares of SingPost, which has a market value of $2.2 billion, suffered a decline after questions were raised over its corporate governance. The company has since implemented several changes to address shareholder concerns. (Reporting by Aradhana Aravindan; editing by David Clarke)
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