January 28, 2013 |
Marissa Mayer has put an end to a prolonged slump in Yahoo revenue. Fourth-quarter revenue rose 2% to $1.35 billion, Yahoo's first full-year revenue increase in three years. It was the first full quarter under new Chief Executive Mayer, who joined the tech giant from Google in mid-July. Mayer has sparked hopes that she can turn around the beleaguered company. The company's fourth-quarter net income declined 8% to $272 million, or 23 cents a share. The earnings would have been higher if not for one-time accounting charges.
July 20, 2010 |
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.
February 7, 2012 |
Yahoo will forge its future without Chairman Roy Bostock and three other board members, the struggling Internet company said. Bostock announced the departures Tuesday in a letter to shareholders, describing the moves as part of Yahoo's turnaround efforts. "The board has concluded that in order to accelerate the Company's transformation, the combination of a new Chief Executive Officer with an enhanced team of independent directors would provide Yahoo with the expertise and perspectives necessary to drive innovation and growth going forward," Bostock said in the letter.
May 17, 2013 |
Yahoo is set to hold a news conference Monday, and many believe the company might announce it is acquiring Tumblr. Rumors began swirling Friday about the possible acquisition, saying Yahoo is interested in buying Tumblr, a social network whose popularity has soared recently, especially among teens and young adults. According to reports , the deal could be worth as much as $1 billion. Since Marissa Mayer took became chief executive of Yahoo last year, the company has been buying small start-ups, including one by a 17-year-old British entrepreneur for $30 million.
June 18, 2013 |
Yahoo became the fourth major tech company to disclose how much government data requests it gets, following a report that alleged the tech companies are involved in a government surveillance program known as PRISM. Chief Executive Marissa Mayer said Yahoo received between 12,000 and 13,000 government requests between December 2012 and the end of May. The bulk of these requests were for criminal investigations, including homicides and kidnappings. "Like all companies, Yahoo! cannot lawfully break out FISA (Foreign Intelligence Surveillance Act)
May 20, 2013 |
After the coffee. Before going through two weeks' worth of mail. The Skinny: Well, I didn't win the Powerball lottery, which means I'll be heading back to the office today after a long trip to New York. Ask me around Thursday if it's good to be home. Monday's headlines include a recap of the weekend box office, Yahoo's purchase of Tumblr and the question of whether there are clouds over Warner Bros. movie chief Jeff Robinov. If you are so eager for the Morning Fix that you must know exactly when it is available online, please send me a note . Daily Dose: Now that the upfronts are over, everyone around town will start scrambling to see the pilots for all the new shows.
November 7, 2008 |
Microsoft Corp. isn't interested in acquiring Yahoo Inc., even after Yahoo Chief Executive Jerry Yang said the Internet company was willing to sell. There are no talks between the firms, a Microsoft spokesperson said. The software maker said it still stood by a statement last month that it "has no interest in acquiring Yahoo."
November 1, 2011 |
Yahoo Inc. agreed to buy Interclick Inc. for $270 million in cash to help advertisers reach online users with more targeted messages. Yahoo, which has been exploring its strategic options, may use the purchase to revive sales of display advertising, such as banner ads, which stalled last quarter. The deal comes as Yahoo is seeking a chief executive after it fired Carol Bartz in September. The Sunnyvale, Calif., company also has embarked on a strategy review as it grapples with competition from Google Inc. and Facebook Inc. Yahoo is leaning toward selling Asian assets and redistributing the proceeds to shareholders, rather than selling itself to a group of buyers, people familiar with the situation said.
September 12, 2008 |
For the first time since it fought off an unsolicited takeover bid from Microsoft Corp., Yahoo Inc. on Thursday threw open its doors to give the media a glimpse of what it has planned to improve its waning fortunes. The event at its Sunnyvale, Calif., headquarters was all about Yahoo's new mantra: Be open. It featured a lineup of executives who showed off how they plan to redesign popular parts of Yahoo to include more content from elsewhere on the Web. Executives say the changes are designed to enhance the Yahoo experience for the company's more than 500 million users worldwide and for its advertisers.
September 10, 2008 |
Yahoo Inc. investors wanted action. So here's something to whet their appetite: The company has replaced its top U.S. advertising sales executive with well-known former Microsoft Corp. executive Joanne Bradford. Bradford comes to Yahoo via Los Angeles company Spot Runner Inc., which she joined in May to run national ad sales. Her title will be senior vice president of U.S. revenue and market development, reporting to Hillary Schneider, executive vice president of Yahoo's U.S. operations.