News

  • Yahoo! ditches digital newsstand for iPads

    Yahoo! has dumped its fledgling digital newsstand for iPads, as it begins a product purge intended to make the floundering internet pioneer more nimble.

  • Yahoo Axis may be game changer for search and the troubled company

    With Axis, Yahoo is trying to change the search game, while also trying to change its image as a troubled company.

  • Yahoo leaks private key, allows anyone to build Yahoo-signed Chrome extensions

    Yahoo was forced to release a new version of its Axis extension for Google Chrome after the original one contained a private key that allowed anyone to digitally sign extensions in Yahoo's name.

  • Yahoo launches stand-alone mobile search app

    Yahoo beefed up its search offerings on Wednesday when it launched Axis, an HTML5-based browser app that delivers search results as page previews rather than as links.

  • Microsoft beats data-sorting record with new approach

    Besting a record set by Yahoo in 2009, the research arm of Microsoft have deployed a new technique for quickly sorting large amounts of data, called Flat Datacenter Storage (FDS).

  • Yahoo's Genome highlights hosted big data analytics trend

    Yahoo has joined a growing list of companies offering big data analytics as a service with its Genome offering this week.

  • Yahoo agrees to sell back partial stake to Alibaba

    Yahoo has agreed to sell off about half of its stake in Alibaba Group back to the Chinese e-commerce giant as part of a US$7.1 billion deal, the two companies jointly announced on Monday.

  • Yahoo to sell 40% stake in Alibaba

    Struggling internet company Yahoo Inc has agreed to sell half of its 40 per cent stake in Chinese e-commerce group Alibaba for about $US7.1 billion ($A7.24 billion).

  • Yahoo agrees to sell back partial stake to Alibaba

    Yahoo has agreed to sell off about half of its stake in Alibaba Group back to the Chinese e-commerce giant as part of a US$7.1 billion deal, the two companies jointly announced on Monday.

  • Levinsohn takes on CEO role at struggling Yahoo

    Just one day into the job, Yahoo's interim CEO Ross Levinsohn is in charge of a company struggling with administrative chaos, industry position and growing competitors.

  • Yahoo launches big data analytics tool for online advertisers

    Yahoo today launched a new tool for online advertisers designed to take advantage of the company's extensive experience with big data analytics.

  • Faking IT: 5 Executives Who Lied in Their Resumes

    Poor Scott Thompson. Just when his plan of revamping Yahoo was gaining steam, the falsified resume (or "Resume-Gate" as it shall forever be known) cut short his stint as CEO. In spite of the "lie" being of an inconsequential nature -- Thompson's resume claimed he had a degree in Computer Science when he didn't - Thompson will now have to add "ex-CEO, Yahoo" on his resume.

  • With another CEO out, Yahoo's turnaround stalled

    For the second time in eight months, Yahoo is without a permanent CEO. The latest development is bringing more trouble for a company struggling to regain its stature in the industry.

  • 1

    WSJ: Thompson told Yahoo board he has cancer

    Scott Thompson told the Yahoo board before he was ousted as CEO over the weekend that he has thyroid cancer, The Wall Street Journal reported Monday.

    Thompson revealed the diagnosis as evidence arose that seemed to contradict his story about why he was not responsible for a degree listed on his resume that he does not have, the newspaper reported, citing anonymous sources familiar with the situation.

    The cancer diagnosis came while Thompson's academic record was under scrutiny by a Yahoo board committee appointed to investigate the matter. Thompson did not want his illness to be publicly disclosed, a source told the Journal, and he has begun treatment for the disease.

    Thompson, who had been under increasing pressure to step down because of the resume situation, decided to resign in part because of the cancer diagnosis, one source told the newspaper. His resume listed an accounting and computer science degree from Stonehill College in Easton, Massachusetts, but his degree was in accounting only, it was discovered.

    Thompson blamed the error on a head-hunting firm that had been involved when he was named president of eBay's PayPal division, but the firm, Heidrick and Struggles, publicly discounted that claim, saying that it could prove it was false.

    Yahoo announced Sunday that Thompson had left the company and that Ross Levinsohn, who had been in charge of the company's media websites, would step in as interim CEO while the board searches for a replacement. Fred Amoroso was also named chairman of the board, replacing non-executive Chairman Roy Bostock. The board also announced it had settled a proxy fight by activist shareholder Daniel Loeb, who leads the Third Point investment fund, which owns about 5.8 percent of Yahoo. Loeb brought to light the discrepancy in Thompson's academic record, which played a central role in plunging the company into the latest of what has been a long series of controversies and missteps by Yahoo management.

    Soon after Yahoo announced that Thompson had left the company -- it did not call his departure a "resignation" -- Kara Swisher, the reporter who broke the news that Thompson was out as CEO on the All Things D blog Sunday, posted Levinsohn's first memo to employees in which he sought to offer encouragement.

  • Scott Thompson out as Yahoo CEO

    Embattled Yahoo CEO Scott Thompson has left the company, Yahoo has announced, after more than a week of controversy over questions about embellishments to his resume.

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