some compared this company to
the lehman brothers of the
mining world and question given
the debt load of this company
and it's trading operation
whether it unfortunately could
represent not just it's own
problems but other problems in
that industry.
so we should keep an eye on
glencore and it's competitors
today.
vale is cutting it's dividend.
trying to sure up it's balance
sheet and yahoo! will be moving
forward with the planned spin
off of its stake in alibaba.
this is coming even though the
irs has declined to say whether
the transaction would be tax
free so it puts marissa mayer on
the hook because this deal now
has to go through because she
put it out there and if for
example we find out later that
the irs would want to call the
money back it's going to create
all sorts of problems.
>> let's talk about other
corporate news as well this
morning.
microsoft is changing the way it
reports financial results.
it will be breaking out revenue
and operating income based on