Yahoo move shows diminished faith in turnaround, The Edge Group & Deloitte identify risk to investors

Yahoo move shows diminished faith in turnaround, The Edge Group & Deloitte identify risk to investors By Jon Swartz, Senior Writer, USA TODAY, San Francisco:  Another day, another dollop of drama. It’s that way with Yahoo (YHOO), whose board of directors on Wednesday scrapped plans to spin off Alibaba — the company cash cow — and create a new company. Instead, Yahoo will spin off its core business into a new company. “In 2016, we will tighten our focus and prioritize investments to drive profitability and long-term growth,” Yahoo CEO Marissa Mayer said in a statement. “A separation from our Alibaba stake, via the reverse spin, will...