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China jails blogger in online 'rumour' crackdown

A Chinese court jailed a blogger for three years on Thursday, state media reported, the first person to be sentenced in a government-led crackdown on so-called Internet rumours. Qin Zhihui -- among hundreds of bloggers reportedly detained in an official campaign to assert greater control over China's popular social media -- was found guilty of "slander" and "picking quarrels and provoking troubles", state broadcaster CCTV said.

Alibaba steals Yahoo's thunder ahead of IPO

If Yahoo appears back in favor, it can thank Alibaba, the Chinese Web giant in which it holds a big stake and that is set for a public stock offering. Yahoo shares soared 6.26 percent to close at $36.35 Wednesday on the heels of a better-than-expected quarterly report, but some were more focused on the Alibaba financial results buried in the document. "The salient point of Yahoo's first quarter results was the very strong December quarter results from Alibaba," said Jordan Rohan, analyst at the brokerage Stifel.

Firing pays off for former Yahoo chief operating officer who gets $58 million in severance pay

SAN FRANCISCO - Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job. The disclosure in a regulatory filing Wednesday may lead to more second-guessing about Yahoo CEO Marissa Mayer's decision to hire de Castro as her second-in-command in October 2012. Mayer dumped de Castro in January after concluding he wasn't executing on her plan for reviving Yahoo's lacklustre ad growth. De Castro had been in charge of ad sales.

Yahoo nominates three new members to board

(Reuters) - Yahoo Inc, which posted anemic first-quarter revenue growth, said it has nominated three new members to its board. The three members include billionaire Charles Schwab, namesake chairman and chief executive of discount broker Charles Schwab Corp. The other two are David Filo and Lee Scott, the company said in a statement. Filo, who is rejoining the board, co-developed Yahoo in 1994, the company said.

Yahoo's growth anemic as turnaround chugs along

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc <YHOO.O> again posted anemic quarterly revenue growth as the Internet company's advertising business continues to lag its rivals, nearly two years into Chief Executive Officer Marissa Mayer's comeback effort.

Yahoo shares jump as Alibaba's revenue surges ahead of IPO

By Saqib Iqbal Ahmed (Reuters) - Yahoo Inc's shares rose as much as 9 percent in heavy trading on Wednesday, a day after Chinese internet company Alibaba Group Holding Ltd, in which it holds a 24 percent stake, reported a surge in quarterly revenue. At least nine brokerages raised their price targets on Yahoo's shares ahead of Alibaba's IPO filing, expected next week. The share, up 5.5 percent at $36.10 in early trading, was the most heavily traded stock on the Nasdaq.

Alibaba steals Yahoo's thunder ahead of IPO

If Yahoo appears back in favor, it can thank Alibaba, the Chinese Web giant in which it holds a big stake and which is set for a public stock offering. Yahoo shares soared 7.3 percent to $36.71 at the opening Wednesday on the heels of a better-than-expected quarterly report, but some were more focused on the Alibaba financial results buried in the document. "The salient point of Yahoo's first quarter results was the very strong December quarter results from Alibaba," said Jordan Rohan, analyst at the brokerage Stifel.

Yahoo's 1st-quarter results propelled by Alibaba investment while ad sales start to pick up

SAN FRANCISCO - Yahoo is prospering from its lucrative investments in Asia while the Internet company's listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer. The positive signs in the Yahoo's first-quarter report overshadowed a 20 per cent decline in the company's earnings during the opening three months of the year.

Yahoo sees signs of growth in 'core'

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business. The California Internet company said it earned $312 million on revenues of $1.1 billion, topping most analyst forecasts. Profits were down 20 percent from a year ago with revenues nearly flat for Yahoo, which has been making major shifts under Mayer, a former Google executive.

Yahoo profit beats estimates at $312 mn

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business. The California Internet company said it earned $312 million on revenues of $1.1 billion, topping most analyst forecasts. Profits were down 20 percent from a year ago with revenues nearly flat for Yahoo, which has been making major shifts under Mayer, a former Google executive. Mayer said the first quarter data "was an early and important sign of growth in our core business."
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