19368 Stories, most recent news story added Fri Jul 25, 3:23 pm EDT
Reuters - Yahoo Inc's net profit fell 19 percent but investors took heart that it did not change its outlook despite a weakening U.S. economy and the distraction of Microsoft Corp's failed takeover bid.
Despite a bruising freshman year as CEO of the company he co-founded 14 years ago, Yang said he looks forward to Icahn joining him on the board.
The recent history of Yahoo’s troubles is well-known: the company lost the search race to Google; it missed out on key trends — social networking, for instance — and potential acquisitions — Facebook, most notably; its performance disappointed; some shareholders grew restless and focused their anger on a board that gave former CEO Terry Semel one of the richest pay packages in Corporate America.
In the Microsoft-Yahoo minuet, Yahoo investors, including Carl Icahn, have gotten most of the attention. What about Microsoft shareholders?
Tue, Jul 22, 2008 (9:39 p.m.) With Microsoft's $47.5 billion takeover bid off the table and his company's stock price down 20 percent during his 13-month reign as Yahoo's CEO, Jerry Yang has a message for his exasperated shareholders: Things aren't as bleak as they look.
Microsoft said Thursday it's "done" trying to acquire Yahoo, but while some might be cheered by yet another interruption Microsoft's relentless pusuit of its rival, others are pointing to a compelling need for the company to start making money from its online operations.
The architect of Microsoft's star-crossed effort to buy Yahoo is leaving his job, in an unexpected move that raises questions about the giant software company's continued pursuit of the Sunnyvale Internet firm. Johnson named Juniper CEO Microsoft-Yahoo page
A tense proxy battle over, the Internet firm can concentrate on its turnaround strategy. Yahoo Inc. reached a cease-fire with billionaire activist Carl Icahn on Monday by giving him and his allies three board seats, ending a bruising proxy fight and buying the Internet company more time to figure out its turnaround strategy.
With the proxy fight between Carl Icahn and Yahoo settled , there is little risk that Yahoo’s directors will face much more than some uncomfortable questions from shareholders at the company’s Aug. 1 annual meeting. Their reelection is virtually assured.
Yahoo said that its revenue in the second quarter grew a sluggish 6 percent from the same period a year earlier as profits fell.
Zimbra is offering an office productivity suite. The Yahoo-owned provider of open-source messaging and collaboration tools announced Thursday a free beta of Yahoo Zimbra Desktop, which offers a centralized location for managing e-mail even when a user is not connected to the Internet, plus a tool for creating documents and spreadsheets. Satish Dharmaraj, cofounder of Zimbra and a vice ...
Yahoo has become the latest company to abandon customers who bought tracks from its music store encoded with DRM, drawing fire...
With Microsoft's stock prices down 20 percent since February, CEO Steve Ballmer is reorganizing and rethinking the company, and the chief architect of Microsoft's abandoned attempt to acquire Yahoo, Kevin Johnson, is leaving to head up communications equipment maker Juniper Networks.
It's a good thing the fight with Icahn is over and the back-and-forth with Microsoft (NSDQ: MSFT) has gone on the back burner, so we don't have to overdramatize Yahoo's (NSDQ: YHOO) earnings report tonight (e.g. "Yahoo is fighting for its life as Jerry Yang orders what may be his last meal while a Sword of Damocles hangs over his head..." ). The company's future probably doesn't hinge on this ...
Forget Yahoo, Microsoft CEO Steve Ballmer said Thursday at the company's annual meeting for financial analysts. Any plans for a merger are dead and "there's nothing under discussion between the two of us," Ballmer said. "It didn't work out; we're done."
Has Jerry Yang, Yahoo ’s embattled chief executive, played a part in picking his own successor?
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