Rob Black’s Winners and Losers: Yahoo suspends plan to spin-off Alibaba stake

SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about Yahoo’s decision to scrap the original Alibaba spin-off plan.

Yahoo decided to kill its plan to spin out Alibaba shares into their own standalone, publicly traded company. Instead, it will do the opposite, looking at spinning out its core business, and keeping Alibaba in place.

Wal-Mart’s import of goods from China led to the loss of over 400,000 jobs in the United States between 2001 and 2013. The world’s largest retailer likely accounted for 15.3 percent of the growth in the U.S. goods trade deficit with China in the same period.

The slide in oil prices back to 2009 levels may send average U.S. gasoline prices below $2 a gallon for the first time in nearly 7 years.The average price for regular gasoline at the pump sold for $2.033 a gallon Monday, down from $2.22 a month ago, and $2.679 a year ago,

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