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Yahoo said Monday that it would rename itself Altaba and CEO Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications.


Yahoo has a deal to sell its core Internet business Wholesale Pau Gasol Jersey , which includes its digital advertising, email and media assets, to Verizon for US$4.83 billion.


After the sale, the company will change its name to Altaba from RemainCo Wholesale Joakim Noah Jersey , Yahoo said in a regulatory filing on Monday. Altaba's primary assets will be a 15 per cent stake in Chinese e-commerce company Alibaba Group and 35.5 per cent stake in Yahoo Japan.


The name is a combination of the words “alternate” and “Alibaba,” the Wall Street Journal said, citing a source familiar with the matter.


The terms of that deal could be amended - or the transaction may even be called off - after Yahoo last year disclosed two separate data breaches; one involving 500 million customer accounts and the second involving more than a billion.


Verizon executives have said that while they see a strong strategic fit with Yahoo, they are still investigating the data breaches.


Five other Yahoo directors would also resign after the deal closes Wholesale Derrick Rose Jersey , Yahoo said.


The new company also named Eric Brandt chairman of the board, effective Jan 9.

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NEW YORK, Sept. 20 (Xinhua) -- The United Nations (UN) and the World Bank Group plan to accelerate the flow of finance for climate action through a new platform dedicated to identifying and facilitating transformational investments in developing countries, World Bank Group President Jim Yong Kim said on Wednesday.


The platform Wholesale Joffrey Lauvergne Jersey , named Invest4Climate, will bring together investors with high-impact opportunities in developing countries such as large-scale development of battery storage, electric cars, and low emission air conditioning.


It will also facilitate such investments through the development of risk mitigation instruments and Wholesale Jimmy Butler Jersey , based on demand, will work with national governments to improve policy environments.


Kim said at a press conference during the Bloomberg Global Business Forum that ""there are vast opportunities in developing countries in areas like clean energy and climate-smart agriculture that will lay the groundwork for a more prosperous and sustainable future.""


""Our challenge is to create the conditions for investment to flow, and to get all forms of finance working together for maximum impact,"" he added.


UN Secretary-General Antonio Guterres said that countries are successfully reducing emissions and building resilience to climate change.


But getting to the level of action needed to reach the global goals set in Paris two years ago will require a huge leap in the flow of financing and investment for implementing the National Determined Contributions Wholesale Anthony Morrow Jersey , he said.


""Cities are leading the way in confronting climate change, and they would be doing even more, even faster, if they had greater access to funding Wholesale Rajon Rondo Jersey ,"" said Michael R. Bloomberg, UN Special Envoy for Cities and Climate Change, at the same press conference.


The first Invest4Climate initiatives are expected to be announced at the Climate Summit in Paris in December 2017.


Xi meets Singaporean PM on advancing ties


At least 216 people killed in Mexico quake


Chinese naval hospital ship Peace Ark to offer free medical services in Sierra Leone


Highlights of 2nd Silk Road (Dunhuang) Int'l Cultural Expo


China to build cross-provincial national park for giant panda


Aerial view of paddy fields in SW China's Guizhou


Special snacks displayed during 14th China-ASEAN Expo


Scenery of paddy fields in Baicheng, NE China's Jilin

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