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.
SYDNEY Feb 16 Australia's largest telecoms company, Telstra Corporation Ltd, on Thursday posted an unexpected 11.8 percent fall in first-half profit, dragged down by falling revenues for its mainstay fixed-line and mobile telephone business.
Telstra said in a statement to the Australian Securities Exchange that its underlying profit for the six months to Dec. 31 was A$1.79 billion ($1.4 billion), lower than company guidance for mid-to-high single-digit profit growth through the year. It also missed analysts' expectations for an underlying profit of A$2.04 billion.
The company announced a steady interim dividend of 15 cents per share. ($1 = 1.2958 Australian dollars) (Reporting by Tom Westbrook; Editing by Hugh Lawson)
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