Latest Business News: Yahoo to Buy Back Shares From Third Point

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Latest Business News: Yahoo to Buy Back Shares From Third Point

by Wochit 0:43 mins

Latest Business News: Yahoo to Buy Back Shares From Third Point

by Wochit 0:43 mins

Yahoo said it will buy 40 million of its shares owned by the hedge fund Third Point for $29.11 a share, and that three Yahoo directors nominated by Third Point have resigned. According to the Bundesbank, the German economy showed robust growth in the second quarter of this year, boosted by industrial production and construction. China's central bank is giving lenders more freedom to set interest rates in a move that could foreshadow major changes in the country's banking sector.

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