(Corrects to remove reference to price range)
May 16 Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares, ahead of the company's pending deal with Verizon Communications Inc.
Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd, were up 0.6 percent at $50.15 in premarket trading.
Verizon agreed to buy Yahoo's core internet properties last year for $4.83 billion in cash. It lowered the original offer by $350 million in February following two massive cyber attacks at the internet company.
After the Verizon deal, Yahoo will be renamed Altaba, a holding company whose primary assets will be its stake in Alibaba and a 35.5 percent stake in Yahoo Japan. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Maju Samuel)
UPDATE 1-Brazil's top prosecutor charges President Temer with corruption
BRASILIA, June 26 Brazil's top federal prosecutor charged President Michel Temer on Monday with accepting bribes, the first of what is expected to be a series of formal graft charges against the deeply unpopular leader in the coming weeks.
UPDATE 2-U.S. slaps dumping duties on Canadian lumber, excludes some provinces
WASHINGTON, June 26 Escalating a trade dispute with Canada, the U.S. Commerce Department on Monday slapped preliminary anti-dumping duties on Canadian softwood lumber of up to 7.72 percent, but decided to exclude three Atlantic provinces from such punitive tariffs.