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BUSINESS
May 23, 2009 | TIMES WIRE SERVICES
Yahoo says it will pay its chief financial officer $1.8 million when he leaves the Internet company this summer. Sunnyvale, Calif.-based Yahoo announced its intention to replace Blake Jorgensen in February -- just six weeks after it hired Carol Bartz as its new chief executive.
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BUSINESS
December 23, 2009 | By Tiffany Hsu
Yahoo Inc. confirmed Tuesday that it would shut down most operations during Christmas week to save money, but experts said the holiday lull was par for the course in the Silicon Valley. The Internet company is mandating that most of its employees worldwide, except for those responsible for "essential functions" such as customer service, take off work Dec. 25 through Jan. 1. In the U.S., employees can either use vacation time or take unpaid leave. Christmas and New Year's Day will still be paid holidays.
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BUSINESS
March 8, 2008 | From Times Wire Services
Yahoo Inc. said it raised the salaries and cash bonuses for several of its most senior executives while leaving unchanged the $1 salary it pays Chief Executive Jerry Yang. Yahoo Inc. will pay President Sue Decker a salary of $815,000 for 2008 and awarded her a $1.1-million bonus for 2007. Chief Financial Officer Blake Jorgensen will get $500,000 in salary for 2008, and received a bonus of $405,000 for 2007, Sunnyvale, Calif.-based Yahoo said.
BUSINESS
May 29, 2009 | Times Wire Reports
Levi Strauss & Co. said it would hire Blake Jorgensen of Yahoo Inc. to be the San Francisco clothing maker's chief financial officer and executive vice president. Jorgensen, 49, is now CFO of Sunnyvale, Calif.-based Yahoo. The Internet company said in February that Jorgensen would be replaced. Yahoo will pay him $1.8 million in severance -- more than triple his salary.
BUSINESS
December 23, 2009 | By Tiffany Hsu
Yahoo Inc. confirmed Tuesday that it would shut down most operations during Christmas week to save money, but experts said the holiday lull was par for the course in the Silicon Valley. The Internet company is mandating that most of its employees worldwide, except for those responsible for "essential functions" such as customer service, take off work Dec. 25 through Jan. 1. In the U.S., employees can either use vacation time or take unpaid leave. Christmas and New Year's Day will still be paid holidays.
BUSINESS
May 15, 2008 | From the Associated Press
Google has surpassed Yahoo to become the most popular website in the U.S., according to Internet tracking firm ComScore Inc.'s rankings by the number of unique monthly visitors. Google Inc. has long been the Internet's leader in search, but its audience has trailed Yahoo Inc.'s when counting other services such as e-mail and photo sharing. April's numbers, which ComScore plans to formally release today, show Google on top for the first time. The lead is tiny -- 466,000 visitors out of about 141 million apiece.
BUSINESS
April 24, 2007 | From the Associated Press
Yahoo Inc. is expanding its online music section to include the lyrics of 400,000 songs. Sunnyvale, Calif.-based Yahoo is touting the free service as the Web's largest legally licensed database of lyrics. Most websites that publish lyrics technically are breaking the law by posting the words without the permission of the copyright owners.
BUSINESS
February 4, 2004 | From Bloomberg News
Yahoo Inc.'s credit rating may be raised because the company made acquisitions that reduce the risk that it will lose key suppliers, Standard & Poor's Ratings Services said. Standard & Poor's said it raised its outlook on Yahoo's $750 million in zero-coupon convertible bonds due 2008 to "positive" from "stable." Sunnyvale, Calif.-based Yahoo bought search-engine developers Overture Services Inc. and Inktomi Corp. last year. Yahoo shares fell $1.21 to $45.49 on Nasdaq.
BUSINESS
October 5, 2006 | From Bloomberg News
Yahoo Inc. is introducing advertising linked to search results on mobile phones in the U.S. and Britain to compete with Google Inc. Mobile Web search results will now include sponsored links that take users to advertisers' sites or display their phone number, Sunnyvale, Calif.-based Yahoo said. Advertisers pay when users click on their links.
BUSINESS
November 26, 2008 | Times Wire Reports
Yahoo Inc., owner of the second-most popular U.S. search engine, gained a greater share of Web searches in the country last month, according to researcher ComScore Inc. Sunnyvale, Calif.-based Yahoo's share expanded to 20.5%, up from 20.2% in September, ComScore said. Google Inc. held the lead in October with 63.1%.
BUSINESS
May 15, 2008 | From the Associated Press
Google has surpassed Yahoo to become the most popular website in the U.S., according to Internet tracking firm ComScore Inc.'s rankings by the number of unique monthly visitors. Google Inc. has long been the Internet's leader in search, but its audience has trailed Yahoo Inc.'s when counting other services such as e-mail and photo sharing. April's numbers, which ComScore plans to formally release today, show Google on top for the first time. The lead is tiny -- 466,000 visitors out of about 141 million apiece.
BUSINESS
March 8, 2008 | From Times Wire Services
Yahoo Inc. said it raised the salaries and cash bonuses for several of its most senior executives while leaving unchanged the $1 salary it pays Chief Executive Jerry Yang. Yahoo Inc. will pay President Sue Decker a salary of $815,000 for 2008 and awarded her a $1.1-million bonus for 2007. Chief Financial Officer Blake Jorgensen will get $500,000 in salary for 2008, and received a bonus of $405,000 for 2007, Sunnyvale, Calif.-based Yahoo said.
BUSINESS
May 11, 2007 | From Times Wire Services
Yahoo Inc. hired two professors to bolster its research organization. Preston McAfee, a California Institute of Technology business professor, will oversee a microeconomics research group. Duncan Watts, a Columbia University sociology professor, will lead research on social networks. Sunnyvale, Calif.-based Yahoo, Google Inc. and Microsoft Corp. are hiring researchers and engineers as they develop products and try to take a larger share of the booming Internet-advertising market.
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