Business News / Business

Yahoo to spin off Alibaba stake

SUNNYVALE, Calif. -- Yahoo plans to return $40 billion to its shareholders by spinning off its huge stake in Chinese e-commerce company Alibaba, the company said Tuesday.

"This level of capital returns is historic, especially for a company of our...

January jitters chill stocks on Wall Street

DETROIT -- The much-feared historic blizzard may have skipped New York City but Wall Street fought a brutal storm Tuesday nonetheless.

The Dow Jones industrial average slipped by nearly 350 points before noon Tuesday to trade around 17,329 points...

Amazon expands free shipping

Amazon said it is making it easier for customers to qualify for the minimum $35 order for free shipping.

The online retailer began notifying customers Tuesday that it is no longer requiring all of the items in a shopping cart to come from the ...

3M posts positive fourth quarter, beats estimates

MINNEAPOLIS --3M Co. exceeded Wall Street's profit expectations by a penny per share Tuesday when it reported fourth quarter results that grew across all business segments of the conglomerate.

The maker of Scotch tape, Post-it notes and car ...