You are here: Home / Archives for yahoo

Yahoo profit beats Wall St., some analysts worry over effect of hack

October 18, 2016 By

By Deborah M. Todd SAN FRANCISCO (Reuters) – Yahoo Inc reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach. Verizon's general counsel said last week that the hack, which affected at least 500 million email accounts in 2014, could have a material impact, possibly allowing Verizon to withdraw from the $4.83 billion deal. Tuesday's results provided at least an initial indication that the data breach has not led to a quick exodus of Yahoo customers, as some had feared.

See the original post here: 
Yahoo profit beats Wall St., some analysts worry over effect of hack

Filed Under: Latest News Tagged With: , , , , , , , , , , , ,

Yahoo reports lackluster results as sale looms

July 19, 2016 By

Yahoo Inc's (YHOO.O) quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last financial report before it sells its core business. Yahoo reported adjusted earnings of 9 cents per share, short of the 10 cents that analysts expected. Yahoo is in the process of auctioning off its search and advertising business, and is expected to choose a winner this week.

View original post here:
Yahoo reports lackluster results as sale looms

Filed Under: Latest News Tagged With: , , , , , , , , , , , , , ,

Yahoo hires investment bank to sell about 3,000 patents: WSJ

June 8, 2016 By

The company has sent letters to a number of potential buyers for the patents, which date back to when the company was founded in 1996 and also include its original search technology, the report said. The deadline for bids for the patents has been set for mid-June by Yahoo, according to the Wall Street Journal. In March, Yahoo said it would explore the sale of $1 billion to $3 billion of patents, property and “non-core assets”.

See the original post: 
Yahoo hires investment bank to sell about 3,000 patents: WSJ

Filed Under: Latest News Tagged With: , , , , , , , , , , , , , ,

Yahoo to cut 15 percent jobs, close several units: WSJ

February 2, 2016 By

(Reuters) – Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of the company's workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday. The plans are expected to be announced after Yahoo's fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. A Yahoo spokeswoman said the company could not comment during its quiet period before releasing earnings.

View post: 
Yahoo to cut 15 percent jobs, close several units: WSJ

Filed Under: Latest News Tagged With: , , , , , , , , , ,

Yahoo to shut Argentina and Mexico offices

January 28, 2016 By

(Reuters) – Yahoo Inc plans to close its offices in Argentina and Mexico, a company spokeswoman said on Thursday. The company will maintain its Latin American operations through its teams in Brazil and Coral Gables, Florida. Yahoo declined to specify how many jobs were affected, but said the offices were “small sales-focused”. Technology news website TechCrunch first reported the closures. (Reporting by Anya George Tharakan in Bengaluru; Editing by Maju Samuel)

Here is the original: 
Yahoo to shut Argentina and Mexico offices

Filed Under: Latest News Tagged With: , , , , , , ,

Yahoo looking to slash 10 percent or more of its workforce: Business Insider

January 7, 2016 By

(Reuters) – Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources. “We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail. The layoffs, which would result in more than 1,000 people leaving the tech giant, is set to affect Yahoo's media business, European operations, and platforms-technology group, Business Insider said on Wednesday.(read.bi/1ZawbOm) This move follows activist investor Starboard Value LP's letter to Yahoo on Wednesday ramping up pressure on Yahoo, taking aim at Chief Executive Officer Marissa Mayer and her leadership team and raising the prospect that a proxy battle is approaching.

See more here:
Yahoo looking to slash 10 percent or more of its workforce: Business Insider

Filed Under: Latest News Tagged With: , , , , , , , , , , , ,

Yahoo board in final talks on future of company

December 5, 2015 By

By Deborah M. Todd SAN FRANCISCO (Reuters) – Yahoo Inc's board of directors on Friday is in the third and final day of meetings that could decide the future of one of Silicon Valley's most prominent but troubled companies. One option on the table for the nine board members is whether to sell Yahoo's core business, which includes Mail, its sports sites, and advertising technology. The company is also in the process of deciding whether to continue with the spinoff of its $30 billion stake in Chinese e-commerce company Alibaba Group Holdings Ltd. SunTrust analyst Robert Peck said the board might hold off on any decision because of the complexity of some of the options.

Excerpt from: 
Yahoo board in final talks on future of company

Filed Under: Latest News Tagged With: , , , , , , , , , , , , , ,