Business Highlights
SAN FRANCISCO (AP) — Yahoo's long-running identity crisis is spiraling in a new direction now that the company is abandoning a year's work on a tax-dodging spinoff to pursue an alternative path that will carve off its Internet business instead.
SYDNEY (AP) — Australian police on Wednesday raided the home and business premises of a man that technology news sites have claimed is the founder of virtual currency bitcoin.
A statement from the Australian Federal Police said the searches were related to a tax investigation and not recent media reports on the virtual currency, which is used for transactions across borders without third parties such as banks.
Since bitcoin's birth in 2009, the identity of currency's creator has remained a mystery.
Officials hope a stock market will help companies raise capital and fuel economic development in one of Asia's poorest countries.
DALLAS (AP) — American Airlines says it will start selling "premium economy" service on international flights, with leather seats, entertainment systems and meals.
The Aysen health service said the wealthy businessman and lifelong outdoorsman was boating with five other foreigners on Tuesday when their kayaks capsized in a lake in near freezing waters in the Patagonia region of southern Chile.
SEOUL, South Korea (AP) — Samsung Electronics said Wednesday it will set up a team to develop an auto components business focusing on autonomous driving technology and entertainment systems.
The race for the Democratic and Republican party nominations eclipsed an outpouring of emotions over deadly attacks, strife, social issues and disasters.
The rankings released Wednesday open a window into the cultural mindset by analyzing how frequently specific high-profile events, politicians, entertainers, athletes, movies and TV shows were mentioned in the posts of Facebook's 1.5 billion users.
In other trading, wholesale gasoline rose 2.8 cents to close at