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  The news this week that Yahoo! Inc. will be rechristened ‘Altaba Inc.’ elicited a lot of groans. “Apparently Yahoo renamed itself after an antihistamine,” tweeted New York Times tech reporter Mike Isaac. The name “sounded more like infantile babble than the remnants of a once-promising internet giant,” wrote Fortune’s Lucinda Shen. The reason for the renaming is that Yahoo’s ...

  China followers know that stability is highly rated. Hostile takeovers, like divorces, are never smooth and the few that have made headlines recently sent shock waves through markets in Hong Kong, Shenzhen and Shanghai. Beijing sent a shush message last month regarding Baoneng Group’s attempt to take control of China Vanke Co., a developer that was until last year ...

  Compared with the alleged Russian hacks of the Democratic National Committee and other US targets, another important cybertheft that has also been tentatively attributed to Russia is getting far less attention. The revelations are much less titillating than those that have made headlines recently — they aren’t even understandable to most people — but they may be part of ...

  Bloomberg Boeing Co. won a $22 billion deal from budget carrier SpiceJet Ltd., notching the planemaker’s largest-ever order from an Indian airline and strengthening its hold in a market dominated by Europe’s Airbus Group SE. The order includes 100 of Boeing’s 737 Max single-aisle jets and renegotiated terms for 55 previously ordered aircraft, SpiceJet said in a statement. The ...

  Bloomberg Ryanair Holdings Plc’s pessimism about the impact of last year’s Brexit vote on the UK economy appears to have eased, with the Irish company planning to add nine new routes from London’s Stansted airport this summer and deploy a dozen more aircraft across the country. Europe’s biggest discount airline will serve Copenhagen three times daily and Naples daily, ...

  Bloomberg United Continental Holdings Inc. expects to cut some management employees as it deepens efforts to reduce bureaucracy and catch up with the profit margins of industry leader Delta Air Lines Inc. The third-largest US carrier will “continue to finalize the remainder of our management team” after overhauling its roster of corporate officers last year, according to a memo ...

  Bloomberg Wal-Mart Stores Inc. is overhauling its e-commerce team and elevating executives from its recently acquired Jet.com business, aiming to better challenge Amazon.com Inc.with more selection and lower prices. The changes are meant to make Wal-Mart more “customer-centric,” Jet founder Marc Lore, who is now CEO of Wal-Mart’s e-commerce operation, said in a memo Friday that was obtained by ...

  Bloomberg Canada Goose Inc. is planning to go public as soon as next month, people with knowledge of the matter said, in an initial public offering that could value the company at about $2-billion. The Toronto-based retailer, backed by Bain Capital and known for its trademark $900 parkas with coyote fur-lined hoods, is aiming to go public in February ...

  Bloomberg Wells Fargo & Co. is benefiting from higher interest rates and increased fee income from cards and deposit accounts as Chief Executive Officer Tim Sloan plans cost cuts and works to recover from a scandal in the retail banking unit. Fourth-quarter net interest income, a measure of earnings from customer deposits, climbed to $12.4 billion from $11.6 billion ...

  Reuters Bank of America Corp (BoA) reported a near-50-percent jump in fourth-quarter profit due to cost cuts and higher trading revenue, and its finance chief forecast sturdy income growth ahead thanks to rising interest rates. The Charlotte, N.C.-based lender’s earnings surged 47 percent in the quarter through Dec. 31 to $4.34 billion, or 40 cents a share, from $2.95 ...