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.
CAIRO, March 13 The board of Telecom Egypt has recommended a dividend of 1 Egyptian pound ($0.0560) per share for 2016, up from 0.75 pounds a year ago, a company official told Reuters on Monday.
The firm posted a net profit of 2.672 billion Egyptian pounds ($151.4 million) in 2016 versus 2.999 billion pounds a year earlier, the company said in a statement in local newspapers on Monday.
Revenue in 2016 rose to 14.133 billion pounds from 12.184 billion a year earlier ($1 = 17.8500 Egyptian pounds) (Reporting by Ehab Farouk; Writing by Asma Alsharif; Editing by Vyas Mohan)
* Penalty is largest FTC has ever imposed for violating an order