Yahoo CEO Marissa Mayer is losing a precious security blanket now that she is spinning off the Internet company's prized stake in China's Alibaba Group.
Mayer has promised...
According to a...
The latest windfall will be delivered with Alibaba's record-setting IPO completed late Thursday, which is expected raise up to $25 billion for the e-commerce company and its early backers. Alibaba's shares will begin trading for the first time on Friday on the New York Stock Exchange.
The deal announced Monday is the latest in a wave of mostly small acquisitions that Yahoo Inc. has made during the two-year reign of CEO Marissa Mayer as the company's tries to attract more traffic on mobile devices. Yahoo didn't disclose how much it is paying for Flurry, an indication that the price isn't big enough to affect Yahoo's finances.
The Internet company earned $270 million, or 26 cents per share, in the March-June quarter. That's down from $331 million, or 30 cents per share, in the same period a year earlier. Adjusted earnings were 37 cents per share in the latest quarter.
SAN FRANCISCO (AP) — Alibaba's quarterly revenue growth has slipped to its slowest pace in six years, a development that could dampen demand to invest in the Chinese e-commerce company's upcoming stock offering. News of the slowdown emerged Monday in a regulatory filing that provided the first update on Alibaba's performance since the company submitted paperwork in May for an initial public offering of stock.
Alibaba is pulling back the curtain a little bit, providing more information about its partnership structure and financials ahead of its planned initial public offering of stock. China's biggest e-commerce company filed in May for an initial public offering in the U.S. that could top the $16 billion that Facebook and its early investors raised in the social networking company's IPO two years ago.
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 percent decline in the company's earnings during the opening three months of the year.
Yahoo announced measure Wednesday that include the completion of a system that encrypts all information being transmitted from one Yahoo data center to another. The technology is designed to make the emails and other digital information flowing through data centers indecipherable to outsiders.
Yahoo is getting another lift from its stake China's Alibaba Group, a thriving Internet company that has helped mask Yahoo's own financial funk. Investors latched on to Yahoo Monday in anticipation of a huge windfall from Alibaba's initial public offering of stock later this year.
WASHINGTON (AP) — Major technology firms have released new data on how often they are ordered to turn over customer information to the government for secret national security investigations, resulting in the collection of data on thousands of Americans. That release came after the companies were freed by a recent legal deal with government lawyers.
Yahoo CEO Marissa Mayer insists the long-stumbling Internet company has finally regained its stride, even though its revenue is still stuck in reverse. The latest evidence of the challenges facing Mayer emerged Tuesday with the release of Yahoo's fourth-quarter results.
WASHINGTON (AP) — Technology companies and privacy advocates are praising a new government compromise that will allow the Internet's leading companies to disclose more information about how often they are ordered to turn over customer information to the government in national security investigations.
Millennial Media today announced that Paul Palmieri has resigned from his post as CEO. The company has appointed Michael Barrett as the new CEO. Barrett comes from Yahoo! where he most recently served as the Web portal's Chief Revenue Officer.
Yahoo is leaning more heavily on its recent acquisitions of technology and talent as CEO Marissa Mayer tries to attract more traffic and advertising to the Internet company's services. Mayer unveiled the latest steps in her effort to accelerate Yahoo's lackluster revenue growth during an hour-long presentation at the International CES...
WASHINGTON (AP) — Members of Congress want the Obama administration to demand that U.S. allies back away from proposed restrictions on international data transmissions, saying those actions could hurt U.S. companies. Some nations are seeking to tighten the flow of data after reports this fall of the National Security Agency conducting massive information-gathering efforts abroad.
LONDON (AP) — Eight major technology companies have joined forces to call for tighter controls on government surveillance, issuing an open letter Monday to President Barack Obama arguing for reforms in the way the U.S. snoops on people.
Ting, a division of Tucows Inc., today announced that they will buy a cup of coffee for each of the 200 million AT&T and Verizon wireless customers in the United States. To earn their cup of joe, AT&T and Verizon customers simply need to check out how much they would save by switching to the upstart mobile service provider.
Back when Yahoo was something hollered at a rodeo and no one could conceive of Googling anything, President Ronald Reagan signed an executive order that extended the power of U.S. intelligence agencies overseas, allowing broader surveillance of non-U.S. suspects.
Yahoo Inc. says it plans to sell $1 billion in convertible senior notes in a private placement and will use the money to buy back shares and for other purposes. The Sunnyvale, Calif., company said Tuesday that it added $5 billion to its stock buyback program.
Yahoo is regaining its appeal among investors a lot faster than with the online advertisers who generate most of its revenue. The Internet company's third-quarter numbers released Tuesday are the latest to underscore the challenges facing CEO Marissa Mayer even as Yahoo's stock continues to soar under her leadership.
Chinese e-commerce giant Alibaba's biggest shareholders, Yahoo and Japan's Softbank Corp., on Friday backed the company's unusual management structure that Hong Kong's stock exchange was unwilling to accommodate, forcing it to look to the U.S. for a potentially mammoth IPO.
For the first time in more than two years, more Americans visited Yahoo's websites than Google's, according to comScore Inc.'s Internet traffic data for July. The research firm said Wednesday that Yahoo Inc.'s websites saw 196.6 million unique U.S. visitors last month, while Google's sites had 192.3 million...
Just one day from her one-year anniversary as CEO of Yahoo!, Marissa Mayer delivered second-quarter earnings that beat analyst expectations and proved she's increasing end user engagement with the company’s mobile products. Under Mayer, Yahoo has been aggressively streamlining its mobile efforts...
Yahoo CEO Marissa Mayer will have a chance to review her accomplishments during her first year on the job with the release of the Internet company's second-quarter earnings. The report, due out Tuesday after the stock market closes, is expected to show Yahoo Inc. is...
After yesterday’s public reveal of the National Security Agency’s (NSA) demands for Verizon customers’ data, more information is coming out suggesting the NSA’s casting a much bigger net. The Wall Street Journal, citing people familiar with the NSA’s operations, reports that the same initiative targeting Verizon data is also collecting similar information from AT&T and Sprint.
Yahoo Inc. lured Marissa Mayer from Google in July to become its fifth CEO in as many years. Her task: Help the Internet pioneer regain its stature after years in a financial funk. In her 10 months leading the company, she has overseen a redesign of Yahoo services and orchestrated several acquisitions, including a deal to buy online blogging forum Tumblr for...
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