July 22, 2009 |
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.
April 22, 2009 |
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.
January 23, 2009 |
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.
January 14, 2009 |
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.
December 18, 2008 |
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.
December 16, 2008 |
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.