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.
WELLINGTON Feb 16 Telecommunications company Spark New Zealand Ltd reported a 12.6 percent rise in half-year net profit on Thursday.
New Zealand's largest provider of mobile phone services said net profit for the six months to Dec. 31 totalled NZ$178 million ($128 million), compared with NZ$158 million for the same period the previous year.
Earnings per share of NZ$0.097 slightly beat analyst expectations of NZ$0.09.
The company will pay an interim dividend of NZ$0.11 per share and a special dividend of NZ$0.15 per share, the same payout as a year ago. ($1 = 1.3862 New Zealand dollars) (Reporting by Charlotte Greenfield; Editing by Susan Fenton)
* Penalty is largest FTC has ever imposed for violating an order