If the company's board approves, Yahoo could receive about $17 billion in a deal that would shed most of its Asian assets. That means Yahoo would dramatically decrease its valuable stake in Ali-baba — China's largest Internet company. The deal would get the company some much-needed cash.
And our last word in business is ratings reality. Ratings for this week's episode of the reality TV show, "All-American Muslim," dropped to more than 30 percent from the previous week's ratings. The show had plenty of drama off-screen earlier this month when the home improvement retailer Lowe's admitted it pulled its ads on the show after pressure from a conservative Christian group.
Yesterday, Lowe's said it would not change its decision. Cable channel TLC has not yet said whether the show will get picked up for another season.
Kim Jong Un, heir apparent to North Korea's longtime leader Kim Jong Il, faces formidable challenges in the isolated communist nation.
Hundreds of North Koreans queue up to mourn the death of Kim Jong Il in front of a portrait of him in Pyongyang's Kim Il Sung Square on Wednesday. With preparations for next week's state funeral still under way, attention is turning to Kim's son and heir apparent, Kim Jong Un.
While North Korea is preparing for the state funeral of longtime leader Kim Jong Il next week, attention is quickly turning to his son and heir apparent, Kim Jong Un. Even veteran Pyongyang watchers know little about the successor. But it's clear what he's inheriting: a country in dire economic straits, and a tough fight to consolidate his political power and legitimacy.
The Democratic political action committee American Bridge 21st Century has taken over the website newtgingrich.com. Visitors to the site — which is not controlled by Newt Gingrich's presidential campaign — were re-directed to, among other things, the website Tiffany & Co., and to articles critical of the former House speaker.
Republican presidential candidate Mitt Romney is campaigning hard in New Hampshire, which holds its primary on January tenth. The former Massachusetts Governor had four events on Wednesday, there is seven on Thursday and more on Friday..