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The figures At $1.24bn, Yahoo's sales smashed analysts' expectations. The company was expected to report a sinking revenue, with analysts forecasting revenues of $1.03bn, but instead reported a 15 per cent growth against the same period last year. Earnings are squeezed, however, with the company reporting earnings per share of $0.16, against expectations of $0.18. [...]
Yahoo! has announced that it will live stream the American football match that will be played in October at Wembley Stadium, to a global audience. The deal is reported to be worth about $10m (£6.5m), although the price has not been disclosed. The match, which will be between the Buffalo Bills and the Jacksonville Jaguars, [...]
Yahoo will face a US class action lawsuit alleging wiretapping violations of emails sent to its users from non-Yahoo mail accounts. The lawsuit brought by a group acting on behalf of millions of internet users was given the go-ahead by a Californian judge, who granted the group class action status. Over 1m members who used [...]
Shares in US tech giant Yahoo plummeted 7.5 per cent as trading finished in New York, after reports suggested the US' Internal Revenue Service (IRS) is getting ready to introduce new rules which might make it more difficult for the company to shed its stake in Chinese online retailer Alibaba. Yahoo has already made it [...]
The figures Yahoo fell short of Wall Street’s earnings expectations in the first quarter of 2015, posting earnings per share of $0.15 below the predicted $0.18. Shares in the technology company immediately dropped two per cent in after-hours trading as investors swallowed a 93.3 per cent fall in net earnings from $312m (£208.9m) to $21m. [...]
UK fashion house Burberry yesterday appointed former BBC and Yahoo executive Fabiola Arredondo to its board. It hopes the Spanish-American will bring her digital consumer savvy to the non-executive director role and the audit, remuneration and nomination committees. Once named the most influential woman in European business, Arredondo comes to Burberry after repeatedly smashing [...]
Sir Alex Ferguson, the prolific former manager of Manchester United, will soon reveal the secrets of his success in a new book on leadership. Having won 38 trophies in 26 years with the Premier League club, the retired manager is already sharing his knowledge as a teacher at Harvard Business School. Now Ferguson is teaming [...]
YAHOO boss Marissa Mayer (pictured) said last night it plans to spin off its 15 per cent stake in China’s Alibaba as the group posted a 52 per cent drop in fourth quarter earnings to $166m (£109m). Shares jumped after hours as traders welcomed the move, which will help Yahoo avoid a large tax bill [...]
Internet giant Yahoo will spin off its shares in Chinese e-commerce giant Alibaba in a tax-free transaction. Yahoo currently owns 15 per cent of Alibaba group and will create another company made up of its stake worth around £26bn. Yahoo shareholders will receive all of the company's 384m Alibaba shares. "Yahoo believes this transaction will [...]
European Union digital commissioner Neelie Kroes performed some masterful sidestepping at TechCrunch’s Disrupt conference in Old Billingsgate. The outgoing head enjoyed a grilling from TechCrunch’s editor-at-large Mike Butcher on stage including a cheeky question about her boss, European Commission president Jean-Claude Juncker and his rumoured appreciation of fine wine. Butcher jokingly asked if Juncker liked [...]
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