January 24, 2012
Yahoo's latest financial results show the Internet company is still losing ground in the battle for online advertising. The fourth-quarter breakdown announced Tuesday is the latest in a succession of ho-hum performances. Yahoo Inc. recently hired former PayPal executive Scott Thompson as CEO in its latest attempt at a turnaround. The company earned $296 million, or 24 cents per share, in the October-to-December period. That is down 5 percent from $312 million, or 24 cents per share, a year earlier.
February 14, 2012 |
Yahoo Inc.'s discussions to sell its stake in Alibaba Group Holding Ltd. and its Japanese operations have reached an impasse, according to a person briefed on the matter. Representatives of Alibaba and Softbank Corp., co-owner of Yahoo Japan Corp., are prepared to approach Yahoo Chief Executive Scott Thompson to explore another arrangement that would let companies buy back their stakes, said the person, who asked not to be identified because the talks are private. The value of the Asian assets is about $11.5 billion, said Sameet Sinha, an analyst at B. Riley & Co. in San Francisco.
June 21, 2011 |
Yahoo Inc. recently approached Hulu to discuss a possible acquisition of the popular online video service, according to a person with knowledge of the matter. Hulu, which streams television shows on the Internet, has been the subject of intense speculation about its future. The company, whose owners include media giants News Corp., Walt Disney Co. and Comcast Corp., has been struggling to find a balance between the desires of consumers to watch shows free online and its owners' interest in protecting the value of their programming.
April 4, 2012 |
The economy may be recovering, employers may be starting to hire again, but this probably isn't the best time to send your resume to Yahoo. The once-mighty Internet company says it's laying off 2,000 employees, or about 14% of its workers, as the new chief exec, Scott Thompson, attempts a sweeping reinvention of the search giant. Yahoo figures the cuts will save about $375 million annually. This is the company's sixth mass firing in the past four years under three different chief executives.
July 20, 2012 |
The new highly discussed and highly compensated chief executive of Yahoo, Marissa Mayer, has issued her first missive to her new troops two days after beginning the job. The main message: Don't stop, keep moving. "The company has been through a lot of change in the past few months, leaving many open questions around strategy and how to move forward. I am sensitive to this," she wrote, according to AllThingsD , who got ahold of the memo. Though she said she already has some ideas about how the company should move forward, Mayer said she wants first to develop perspective before developing a strategy, according to the memo.
July 12, 2012 |
Yahoo confirmed 400,000 user names from one of its services were hacked Thursday. The company said that although the breached accounts include user names from Yahoo and other companies, only 5% of the accounts had valid passwords. Yahoo said it is working to fix the vulnerability and is changing the passwords of the affected users. The company also said it is notifying other companies whose users may have been affected -- earlier we reported that they may include people who use AOL, Gmail, Hotmail and many others.