Yahoo! Inc. (NASDAQ:YHOO) shares slumped 56 cents or 3.40% in the pre-market session as reports surfacing that the company has been considering selling off Asian assets and use the inflow to pay dividend, instead of highly anticipated selling itself. The stock has been moving higher over the past couple of weeks on reports that the company could sell its own business.
Sohu.com Inc. (NASDAQ:SOHU) shares turned negative in the pre-market session and now down 8% to $63.48 after rising 3%. The company reported that it earned $1.26 a share on revenue of $233 million during the third quarter, compared to analysts’ estimates of a profit of $1.27 a share on revenue of $228 million in revenues.
MF Global Holdings Ltd (NYSE:MF) shares are being halted on pending news. Reports are surfacing that the company could file for bankruptcy protection after investing $6 billion in sovereign bonds issued by European countries as per The Wall Street Journal.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) shares are sliding 3.40% to $41.35 retreating from its recent gains following copper prices fell more than 3% as the Dollar gained against yen and euro on Japan intervention.
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