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BUSINESS
April 4, 2012 | By Michelle Maltais
This morning, 2,000 Yahoo employees will get word they're being laid off. The layoffs “are an important next step toward a bold, new Yahoo - smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require,”  Yahoo Chief Executive Scott Thompson said in a statement. The cuts at the Sunnyvale, Calif.-based company to its 14,100 workforce represents about a 14% reduction that the company estimates will save about $375 million annually after being completed later this year.
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BUSINESS
March 5, 2014 | By Salvador Rodriguez
Yahoo has announced that soon it will no longer let users access its services with their Facebook or Google accounts, meaning users will be required to create a Yahoo email address if they do not already have one. The change will be rolled out over time. The first service to be affected will be Yahoo Sports Tourney Pick'Em, the company NCAA college basketball tournament, according to Reuters . Later on, users of other services, such as Yahoo Fantasy Sports and Flickr, will also be required to have a Yahoo email address in order to gain access.
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BUSINESS
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.
BUSINESS
February 27, 2014 | By Salvador Rodriguez
A British intelligence agency reportedly intercepted and stored millions of images from Yahoo users' video chats. Under a program code-named Optic Nerve, the Government Communications Headquarters, or GCHQ, would collect still images in bulk from users when they chatted with others via webcam through Yahoo, the Guardian reported on Thursday. The report cited documents provided by U.S. surveillance program leaker Edward Snowden. During a six-month period in 2008, the GCHQ collected images from more than 1.8 million Yahoo users through the Optic Nerve program, the report said.
BUSINESS
February 14, 2012 | Bloomberg News
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.
NEWS
June 19, 2013 | By Adam Tschorn
Fascination with beards and mustaches takes many forms; some people grow them, others are attracted (or repulsed) by them, a few win championships with them, and others write about them at just about every chance they get. And, chances are, some mustache aficionados ("mustachianados?") are searching for the upper-lip strip of face furniture on the Internet right this very second. Well, quite a few, actually, according to Yahoo's search data. According to the company, which sends out occasional "what's spiking" emails, over the last month, the 'stache-curious users of its search engine have put the mustache on the must-search list.
BUSINESS
June 21, 2011 | By Dawn C. Chmielewski and Ben Fritz, Los Angeles Times Staff Writers
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.
BUSINESS
April 4, 2012 | By David Lazarus
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.
BUSINESS
July 20, 2012 | By Michelle Maltais
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.
BUSINESS
July 12, 2012 | By Salvador Rodriguez
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.
NEWS
February 27, 2014 | By Paul Whitefield
Forget Big Brother. What we have to fear now is Peeping Tom. One of Britain's intelligence services, with help from the U.S. National Security Agency, reportedly collected and stored millions of images from people's Yahoo webcam chats.   The Guardian newspaper, continuing to mine the Edward Snowden mother lode of purloined NSA documents, broke the news Thursday about the British spy agency GCHQ's “Optic Nerve” program. It reported : “GCHQ files dating between 2008 and 2010 explicitly state that a surveillance program codenamed Optic Nerve collected still images of Yahoo webcam chats in bulk and saved them to agency databases, regardless of whether individual users were an intelligence target or not. “In one six-month period in 2008 alone, the agency collected webcam imagery - including substantial quantities of sexually explicit communications - from more than 1.8 million Yahoo user accounts globally.” Or, as President Obama might say: “Just keeping the world safe from naked, sex-crazed terrorists; nothing else to see here; move along.” Or, as some working stiff at the GCHQ /NSA might say: “Hubba hubba, isn't that my neighbor in 4B?
BUSINESS
January 30, 2014 | By Salvador Rodriguez
Yahoo said its email service recently fell victim to a coordinated cyberattack that resulted in the compromise of an undisclosed number of user accounts. The Sunnyvale, Calif., tech company announced the attack Thursday, saying it has taken immediate action to protect users who were affected by the breach by prompting them to reset their passwords. Yahoo did not say how many users were affected by the attack. Yahoo Mail is the second largest email provider -- behind Google's Gmail -- with 273 million accounts.
BUSINESS
January 28, 2014 | By Jessica Guynn
SAN FRANCISCO -- What would happen to Yahoo if its golden goose stopped laying golden eggs? Investors were not just disappointed in Yahoo's fourth-quarter results Tuesday. They were also disappointed in the growth of Chinese e-commerce giant Alibaba, in which Yahoo has a 24% stake. That stake has helped Yahoo's share price double in the last year -- even as its online advertising business has continued to decline -- because Alibaba is preparing for a blockbuster initial public offering this year.
BUSINESS
January 28, 2014 | By Jessica Guynn
SAN FRANCISCO -- Yahoo's revenue declined for the fourth straight quarter, walloped by declining online display advertising sales. Shares fell nearly 4% to $36.77 in after-hours trading. Yahoo reported $1.2 billion in net revenue in the fourth quarter, down from $1.22 billion a year ago. The results continued the lackluster record of the troubled Internet company under former Google executive Marissa Mayer, who was supposed to be its salvation. Yet Mayer still has time to turn things around.
BUSINESS
January 28, 2014 | By Jessica Guynn
SAN FRANCISCO -- Yahoo Chief Executive Marissa Mayer called the firing of her second in command, operations chief and former Google executive Henrique De Castro, “regrettable” and said Yahoo would not replace him. Mayer made the comments during a webcast for Yahoo's fourth-quarter earnings. Two weeks ago Yahoo announced that De Castro, who joined Yahoo from Google in 2012, would leave the struggling Internet company with a major payout. Yahoo said Tuesday that its fourth-quarter online display advertising declined 6% year-over-year.
BUSINESS
January 27, 2014 | By Ken Dilanian and Andrea Chang
WASHINGTON - After legal action and months of lobbying, Internet and telecommunications companies won permission from the Obama administration Monday to disclose broad details about the data requests they have been secretly complying with under national security orders. The companies and civil liberties groups praised the new rules, but they still will not allow the companies to reveal exactly what information is collected or even precisely how much is turned over. In a letter to lawyers for Facebook, Google, LinkedIn, Microsoft and Yahoo, Deputy Atty.
BUSINESS
July 20, 2010 | Bloomberg News
Yahoo Inc. reported sales on Tuesday that missed analysts' estimates as marketers devoted online advertising spending to rival search websites. Excluding revenue passed on to partner sites, Yahoo had sales of $1.13 billion, the Sunnyvale, Calif.-based company said. That compares with the average estimate of $1.16 billion among analysts surveyed by Bloomberg. Yahoo is grappling with competition from companies such as Google Inc. and Facebook Inc., which have benefited from gains in market share and user growth.
BUSINESS
January 15, 2014 | By Jessica Guynn
SAN FRANCISCO -- Yahoo Inc. Chief Operating Officer Henrique de Castro will be leaving Thursday, the company said in a filing Wednesday. The company did not give a reason for his abrupt departure in the regulatory filing and a Yahoo spokeswoman declined to comment. But the troubled Internet company has had disappointing advertising results and has been unable to kick-start revenue growth on his watch. And the former Google executive had reportedly been on the outs with Yahoo Chief Executive Marissa Mayer.
BUSINESS
December 13, 2013 | By Jessica Guynn
SAN FRANCISCO - Even for Yahoo Inc., a company with a lengthy track record of failure, this was an epic fail. For five days this week an untold number of its 100 million users couldn't send or receive email, prompting many longtime, loyal users to savage the company on social media and threaten to leave for another email service. Despite the misery the outage caused people and businesses - who could have sent a letter faster than they could an email - Yahoo was slow to respond and even slower to inform users about it. And that has cast a shadow over Chief Executive Marissa Mayer's yearlong effort to turn around the troubled Internet company.
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