Yahoo! (YHOO) CEO Marissa Mayer has resigned from the tech company's board. This comes after the closing of the $4.8 billion sale of the company's core assets to Verizon (VZ) . Once the sale is complete, the remaining Yahoo! assets will be renamed Altaba. Company co-Founder David Filo will also step down
Alphabet's (GOOGL) Google is in talks to sell its satellite business to Planet Labs. Google bought the satellite unit, Terra Bella, for $500 million in 2014. Terra Bell has launched 7 small satellites to capture aerial images of earth. Discussions are focused on a possible cash plus equity deal.
Canada's Gildan Activewear (GIL) has won a bankruptcy auction for U.S. fashion retailer American Apparel (APPCQ) . Gildan won't take any of American Apparel's 110 stores. Instead, it will own its brand and assume some of its manufacturing operations