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Not to pursue the spinoff of the shares, roughly 15 of alibaba that it owns into a separate company. That of course is is spinoff thats been planned for the last nine months. Announced early last year. And expected to have taken place early next year. Not going to happen. In fact, now sources familiar with the situation tell me the board has directed the company to examine a spinoff of its core business likely to also include its stake in yahoo japan. A socalled almost reverse spin which would have the effect of leaving the alibaba stake in place. And make sure that all of it would be well, th...

The nasdaq lower by 15 and the s p 500 lower by 7. Andrew . Thank you, michelle. Hope you had a good weekend. Well tell you about the Corporate News as pimco is working to assure clients it has a solid team in place. Thats what they are telling everybody to manage their funds following the very public departure that surprised so many of us of founder bill gross that happened right here on the air on squawk friday. The bond giant has seen 10 billion in outflow since that news first broke. And the wall street journal now saying some are projecting withdrawals could hit 100 billion or more. The r...

The u. S. Flying manned surveillance planes over nigeria in an effort to find these young girls. The u. S. Is also helping that countrys government analyze satellite photos. It follows yesterdays release of a photo that shows about 100 of the children. They are reciting the koran. Many believe they may have been split up by their captors. The leader of boko haram also appears in a video with an assault rifle. He says he will free the girls for the release of militant prisoners. Theyre hoping the video will be used to find where the girls are. Our Intelligence Experts are combing over every det...