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BUSINESS
May 1, 2007 | From Bloomberg News
Yahoo Inc. said it paid Chief Executive Terry Semel $39.8 million in compensation last year, mostly in stock options. Semel's salary was $250,001, down from $600,000 in 2005, Sunnyvale, Calif.-based Yahoo said in a statement filed with the Securities and Exchange Commission. The drop resulted from Semel switching to a $1 salary from $600,000 in May 2006.
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BUSINESS
May 21, 2013 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - To punctuate his company's $1.1-billion purchase by Yahoo Inc., Tumblr co-founder and Chief Executive David Karp let loose in a blog post with a celebratory expletive. It was classic Karp, a 26-year-old high school dropout who built one of the Web's most popular outlets for personal expression. It was also a clever way to send a message to Tumblr users: It may have been bought out - earning Karp about $275 million - but Tumblr was going to stay irreverent.
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BUSINESS
June 3, 1999 | Bloomberg News
Yahoo Inc. said it bought closely held Online Anywhere, which formats Web pages for accessing by hand-held devices, for $80 million in stock. Yahoo, the leading Internet search service, said acquiring Online Anywhere will enable it to transmit its Internet-directory content to pagers, cellular phones and other portable devices. It did not disclose details of the purchase.
BUSINESS
August 21, 2009 | Alex Pham
Three powerful technology companies have banded together to oppose Google Inc.'s proposed settlement with the Authors Guild and the Assn. of American Publishers over the Internet search giant's book scanning project. Microsoft Corp., Yahoo Inc. and Amazon.com Inc. have signed on to a coalition being assembled by the Internet Archive and Gary Reback, a Silicon Valley antitrust lawyer, said Peter Brantley, director of the Internet Archive, a San Francisco nonprofit that is trying to build a free digital library of Internet content.
BUSINESS
August 24, 2002 | Bloomberg News
Yahoo Inc. veteran Timothy Brady, the third employee hired by the most-used Internet search site, resigned to explore an academic career, a spokeswoman said. Brady, 33, is responsible for editorial content and how it is presented on Yahoo's Web sites. He will leave at the end of the month. Most of Brady's duties will be assumed by Geoff Ralston, senior vice president of communications.
BUSINESS
January 22, 2008 | Jessica Guynn, Times Staff Writer
Yahoo Inc. plans to lay off hundreds of employees in business areas not central to its new priorities as it faces rising competitive pressures, a person familiar with the matter said Monday. The Sunnyvale, Calif.-based company, which has seen its share of online advertising decline despite its sites being among the Internet's most visited, is still deciding where to cut.
BUSINESS
October 18, 2006 | Joseph Menn, Times Staff Writer
Yahoo Inc. reported a second straight quarter of disappointing financial results Tuesday, but gave investors some hope for a rebound. The company said it had started testing a much-anticipated Web search system designed to compete against its biggest rival, Google Inc. Yahoo's shares rose as much as 5% in after-hours trading Tuesday even though the company said the new system wouldn't help its bottom line until next spring. Yahoo announced its earnings after the market closed.
BUSINESS
October 6, 2005
* Yahoo Inc. has acquired Upcoming.org, a Los Angeles-based online event planning site that's expected to infuse the Internet powerhouse with more content about local communities.
BUSINESS
October 20, 2007 | From Times Wire Services
Yahoo Inc. said Cammie Dunaway was leaving as chief marketing officer, the latest executive to depart amid a reorganization of the Sunnyvale, Calif.-based Internet company.
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
July 22, 2009 | Alex Pham and David Sarno
Despite an economy that has crippled consumer spending, shoppers still shelled out money for iPhones, iPod Touches and other premium products sold by Apple Inc., driving the company to post its best June quarter sales, the electronics giant said Tuesday. The recession, however, did not spare Yahoo Inc. The beleaguered Internet portal posted a 13% plunge in revenue over a year earlier as businesses continued to cut back spending on online advertising.
BUSINESS
April 22, 2009 | Dan Fost
Yahoo Inc. posted drops in revenue and profit in new Chief Executive Carol Bartz's first quarter on the job, and announced plans to cut about 675 workers from its payroll, as the tech industry showed signs of continued economic battering. Although Yahoo met analysts' estimates, its revenue fell to $1.58 billion for the first three months of 2009, down 13% from $1.82 billion a year earlier. Net income was $118.7 million, or 8 cents a share, compared with $536.
BUSINESS
January 23, 2009 | associated press
Yahoo Inc.'s employees will forgo their usual pay raises this year as the slumping Internet company struggles to boost its profit in a brutal recession. The Sunnyvale, Calif., company confirmed the salary freeze Thursday, the day after informing employees of the decision. The austerity measure marks one of the first cost-cutting actions taken by Yahoo's new chief executive, Carol Bartz, who was hired two weeks ago to engineer a turnaround.
BUSINESS
January 14, 2009 | Martin Zimmerman
A few years back, Carol Bartz said that the worst thing about her job running software maker Autodesk Inc. was "when people on the outside try to second-guess everything a CEO does." As the new chief executive of beleaguered Internet company Yahoo Inc., Bartz's patience with Monday-morning quarterbacking is likely to be tested.
BUSINESS
December 18, 2008 | Jessica Guynn
With U.S. and European regulators and watchdogs worried that Internet companies are compromising users' privacy by keeping data about online behavior for long periods, Yahoo Inc. said Wednesday that it would shorten that time from 13 months to 90 days. The retention policy is the shortest among major U.S. search engines and could pressure rivals Google Inc. and Microsoft Corp. to reduce the time they keep information about their users.
BUSINESS
December 16, 2008 | Jessica Guynn, Guynn is a Times staff writer.
Yahoo Inc. is getting more open and more social. The Internet giant said Monday that it was rolling out features designed to make its e-mail service and other properties more like popular social networking sites Facebook and MySpace. The features, more than a year in the making, are the brainchild of Yahoo Chief Executive Jerry Yang, who previewed them in a keynote speech at the Consumer Electronics Show in January.
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.
BUSINESS
August 22, 2001
* Yahoo Inc. said it fired 58 employees from online music service Launch Media Inc., after buying the Santa Monica-based company last week. Separately, Yahoo said it filed a lawsuit against unnamed defendants who have been sending messages titled "Yahoo Sweepstakes Winner" from Yahoo accounts as a way to lure people into calling 1-900 sex numbers.
BUSINESS
December 11, 2008 | Chris Gaither, Gaither is a Times staff writer.
Ratcheting up the pressure on Yahoo Inc., a major investor on Wednesday urged the Internet company to sell its Web search business to Microsoft Corp. and proposed a price: $15 billion. Ivory Investment Management, a Los Angeles firm that owns 1.5% of Yahoo's shares, said the Internet company and Microsoft needed each other to stand any chance of competing with Google Inc. in Web search.
BUSINESS
November 29, 2008 | Jessica Guynn, Guynn is a Times staff writer.
Billionaire investor Carl Icahn spurred a rally in Yahoo Inc. shares Friday after he disclosed that he had increased his stake in the struggling Internet company. The company's stock surged 93 cents, or nearly 9%, to $11.51 in the shortened trading session after Icahn, a Yahoo board member who has been pushing a strategy shift or a sale to Microsoft Corp., said he had bought about 6.8 million shares. A Securities and Exchange Commission filing showed that Icahn had paid an average of $9.
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