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Yahoo Falls On Downbeat Results; Time Warner Shares Spike Higher

2014-07-16 21:30:16| Industrial Machines - Topix.net

Midway through trading Wednesday, the Dow traded up 0.26 percent to 17,104.38 while the NASDAQ jumped 0.20 percent to 4,425.20.

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Yahoo! CEO 'not satisfied' as revenues down again in Q2

2014-07-16 08:44:00| Telecompaper Headlines

(Telecompaper) Yahoo! reported a continued drop in revenues in the second quarter, down 4 percent from a year earlier to USD 1.084 billion. CEO Marissa Mayer said the company was "not satisfied" with the results and returning to revenue growth remains its "top priority". Excluding traffic acquisition costs, revenue fell 3 percent to USD 1.040 billion. Yahoo recorded growth in search social, mobile, video and native services, but continued to suffer from a decline in the display advertising market, where revenues fell 8 percent to USD 436 million. Net earnings dropped 15 percent to USD 0.26 per share. Yahoo said that it asked Alibaba Group for an amendment to their share repurchase agreement and they agreed to reduce the number of shares that Yahoo is required to sell in Alibaba's upcoming IPO. Yahoo also confirmed that it will return at least half the proceeds from selling Alibaba shares to shareholders. 

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Yahoo profit declines on ad sales

2014-07-15 23:15:47| BBC News | Business | UK Edition

Internet giant Yahoo reports that profit decreased by 18% to $270m after sales of digital display advertisements plunged by 24% during the period from March to June.

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Biz Break: Yahoo, Salesforce and Microsoft go shopping for startups

2014-07-12 06:16:43| Biotech - Topix.net

Today: Yahoo picks up an Israeli video startup, Salesforce agrees to buy Palo Alto big-data startup RelateIQ for $390 million, and Microsoft scoops up a San Jose company.

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Yahoo Saves Greendale in 'Community' Rescue

2014-07-02 21:54:06| TechNewsWorld

Fans of the sitcom Community have cause to celebrate after Yahoo renewed the show for a sixth season. Creator and showrunner Dan Harmon has signed on, along with seven core cast members. The season will have at least 13 episodes and will air weekly starting this fall. NBC ran the show, which centers on the fictional Greendale Community College, for five seasons before canceling it.

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