Connect to share and comment

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'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.

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 finishes encrypting data centres, some searches in effort to thwart government spying

SAN FRANCISCO - Yahoo has added more layers of security in its effort to shield people's online lives from government spying and other snooping. The measures announced Wednesday include the completion of a system that encrypts all information being transmitted from one Yahoo data centre to another. The technology is designed to make the emails and other digital information flowing through data centres indecipherable to outsiders.

Investors latch on to Yahoo's Alibaba stake as anticipation builds for Chinese company's IPO

SAN FRANCISCO - Yahoo is benefiting once again from its stake in China's hottest Internet company, Alibaba Group. Investors latched on to Yahoo Monday in anticipation of a huge windfall from Alibaba's initial public offering of stock later this year. Yahoo's stock gained $1.51, or 4 per cent, to close at $39.11. Alibaba ignited the excitement about its forthcoming IPO by announcing plans to list its stock on a U.S. exchange.

Yahoo's search engine highlights Yelp's reviews of local merchants in quest for more traffic

SAN FRANCISCO - Yahoo is cribbing from Yelp's online reviews of local merchants to soup up its search engine. Ratings and excerpts from Yelp's merchant reviews began to appear in Yahoo's search results on Wednesday. Financial terms of the partnership weren't disclosed. News of the deal first leaked out last month, so it didn't come as a surprise. Yahoo's stock dipped 7 cents to $37.49 in afternoon trading while Yelp's shares gained $2.48, or nearly 3 per cent, to $92.48.

Yahoo to stop user access of services with Facebook, Google IDs

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc will stop letting consumers access its various online services, including Fantasy Sports and photo-sharing site Flickr, by signing-in with their Facebook Inc or Google Inc credentials. The change, which will be rolled out gradually according to a Yahoo spokeswoman, will require users to register for a Yahoo ID in order to use any of the Internet portal's services.

Yahoo shifts Europe tax base to Ireland from Switzerland

By Tom Bergin and Valentina Consiglio LONDON/ROME (Reuters) - Yahoo! Inc is shifting its main European tax base to Ireland from Switzerland, a Reuters examination of company statements and accounts shows, as pressure mounts on the Alpine nation to abolish some corporate tax incentives. The internet search group said the shift reflected a streamlining of its European operations and was not motivated by a desire to cut its tax bill, one of the higher in the U.S. tech sector.

Yahoo says usernames and passwords stolen, information used to gather names, addresses

NEW YORK, N.Y. - Usernames and passwords of some of Yahoo's email customers have been stolen and used to gather personal information about people those Yahoo mail users have recently corresponded with, the company said Thursday. Yahoo didn't say how many accounts have been affected. Yahoo is the second-largest email service worldwide, after Google's Gmail, according to the research firm comScore. There are 273 million Yahoo mail accounts worldwide, including 81 million in the U.S.
Syndicate content