January 22, 2008 |
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.
October 18, 2006 |
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.
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.
April 24, 2007 |
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.
May 11, 2007 |
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.
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.