The Securities and Exchange Commission has extended the deadline for submitting the special audit report of KC Property Public Company Ltd to March 8. Earlier, the SEC ordered KC to have a special audit on the internal control system concerning the issuance of bills of exchanges, related receipt and payment transactions, and accounting records practice. The company was also required to examine the issue raised by the auditor whether the questionable transactions of land sales and purchases were in line with the normal course of business operation.

Bessemer Group Inc. reduced its position in shares of Companhia Brasileira de Distribuicao by 40.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The fund owned 331,800 shares of the company’s stock after selling 222,300 shares during the period.

Yahoo said Monday its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. The closing originally set for this quarter has been pushed into next quarter due to “work required to meet closing conditions,” the California online pioneer said in a statement, adding that it was “working expeditiously to close the transaction as soon as practicable.”