Bailout or bust? Alitalia divides a nation, paralyses Rome
ROME/MILAN Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed.
SAN FRANCISCO Yahoo Inc (YHOO.O) is exploring the sale of $1 billion to $3 billion (£705.8 million - £2.1 billion) of patents, property and other "non-core assets," its chief financial officer said on Thursday.
Yahoo CFO Ken Goldman told the Morgan Stanley Technology, Media and Telecom Conference that a committee created to explore alternatives to the company's plan to spin off its core business is looking at quick sales of assets.
Goldman said patents, land, property and "non-core units or businesses" are all on the table for potential sale, and the company has sold or licensed more than $600 million in patents over the last three years.
Yahoo faces increasing pressure from shareholders and investors to sell its core business instead of going through a spinoff that would separate the company from its multibillion-dollar stakes in Yahoo Japan and Alibaba Group Holding Ltd (BABA.N).
In recent weeks, media reports have surfaced that Time Inc (TIME.N), Verizon Communications Inc (VZ.N) and several other suitors have emerged as potential buyers.
Goldman did not confirm the reports but said the committee is "aligned to see what best creates shareholder value."
(Editing by Stephen R. Trousdale and Marguerita Choy)
LONDON Britain will not fix its "broken" housing market unless it ends the dominance of the biggest housebuilders by supporting smaller providers to ramp up the rate of construction, a parliamentary committee warned on Saturday.