The Cable

(CNN): In the last month, Yahoo (YHOO, Tech30) has launched a new TV website in partnership with Hulu, introduced ads on all Tumblr blogs to let users make money and expanded its financial news team.

Even Yahoo's (YHOO, Tech30) stock, long punished by Wall Street for the company's ad sales decline, is now trading at its highest level in more than a year.

Then you remember all this activity comes after Yahoo agreed to sell its core assets to Verizon (VZ, Tech30) in late July for $4.8 billion, marking an end to Yahoo's two decades of independence.

For certain teams inside Yahoo, the pending acquisition has created a feeling of cautious optimism and greater momentum after months of uncertainty about who would own the company -- a feeling perhaps last felt when CEO Marissa Mayer was hired in 2012 to revive the aging Internet company.

Read more

Image result for IMF Winn FM

(Barbados Today) The International Monetary Fund (IMF) has again raised a red flag over Barbados’ large fiscal deficit and high public debt in a report that nevertheless highlighted a positive turnaround on several fronts.

“Real GDP [Gross Domestic Product] grew by 0.8 percent in 2015, underpinned by an increase in private investment and a surge in tourism arrivals, which increased by 14 per cent, among the highest in the Caribbean,” the Washington-based financial institution said.

The report, which followed the Fund’s Article IV consultation that wrapped up on Monday, also pointed to a drop in the unemployment rate to 11.3 per cent, a falloff in inflation from 2.5 to 2.3 per cent and a significant improvement in the external current account position, as the deficit narrowed from 9.9 per cent of GDP in 2014 to 6.7 per cent in 2015.

Despite the much welcomed pick-up in economic activity, the global lending agency noted that the fiscal situation remained challenging.

Read more

(Reuters) A U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's (WMT.N) affiliate on the island to pay a special corporate tax that the retailer claimed was discriminatory and violated the U.S. Constitution.

The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its alternative minimum tax against Wal-Mart Puerto Rico Inc.

The decision complicates the U.S. territory's efforts to reduce a $70 billion debt load and restart an economy that has been stalled for a decade with a 45 percent poverty rate. The 2015 tax legislation had raised to 6.5 percent from 2.0 percent the tax for on-island companies with more than $2.75 billion in revenues that buy goods from off-island "related parties."

Wal-Mart argued it was the only company that fit that description and effectively taxed on items from its own distribution centers but not those bought from Puerto Rican vendors.

Read more

WARSAW, Poland (AP) -- German Chancellor Angela Merkel said Friday that Britain's decision to leave the European Union has exposed the need for better communication within the bloc that is facing security and economic challenges.

Merkel spoke in Warsaw ahead of talks with the leaders of four central European nations about the future of the European Union after Britain leaves. The leaders will also discuss migrants, humanitarian aid for them and how to strengthen the economy.

Merkel was meeting the prime ministers of Poland, Hungary, the Czech Republic and Slovakia ahead of an EU summit planned in Bratislava, Slovakia, next month - without Britain - that is to discuss issues stemming from Britain's vote to leave the group.

It is "important to listen to each other in different formats," Merkel said.

Read more

SAN FRANCISCO (AP) -- Global messaging service WhatsApp says it will start sharing the phone numbers of its users with Facebook, its parent company. That means WhatsApp users could soon start seeing more targeted ads on Facebook - although not on the messaging service itself.

The move is a subtle but significant shift for WhatsApp, which has long promised to safeguard the privacy of more than 1 billion users around the world. WhatsApp is giving users a limited time to opt out of sharing their information with Facebook, although they must take the extra step of unchecking a box to do so. It also says Facebook won't post phone numbers online or give them out to anyone.

But the giant social network has been looking for ways to make money from WhatsApp since it bought the service two years ago, in an eye-popping deal ultimately worth $21.8 billion. At the same time, Facebook has pledged not to interfere with a longstanding promise by WhatsApp's co-founders to respect users' privacy and keep ads off its messaging platform.

Read more

Top Business News

West Indies News Network (WINN FM 98.9)
Unit C24, The Sands Complex
Newtown Bay Road, Basseterre
St. Kitts, West Indies

St. Kitts (Office): 869.466.9586
St. Kitts (Studio-On Air): 869.466.0989
Miami: 1.305.921.4619

New York: 1-718-285-6984
UK : 0333 -344-0065

Copyright © 2016 West Indies News Network. All rights reserved.

Website Design & Development: Genesis Creatives, St. Kitts Nevis