After spending six weeks diagnosing Yahoo Inc.’s troubles, new Chief Executive Carol Bartz started to prescribe a cure Thursday with a management shake-up that will usher out the Internet company’s chief financial officer.
Yahoo, the Internet company, is strengthening its hand. It has now increased its market share in search for five months running. And it just updated its search result listings. That should make Microsoft and Google lose some sleep. Yahoo’s comeback makes Microsoft, the software giant, need it more, and shows Google, the search king, that its dominance isn’t unassailable.
Yahoo Inc. stumbled to a fourth-quarter loss of $303 million, but the Internet company withstood the recession better than analysts had expected.
Yahoo is nearing the end of its search for a new chief executive officer, with a decision coming possibly as soon as next week, The Wall Street Journal reported, citing people close to the internet company.
One of Yahoo Inc.’s largest shareholders, Ivory Investment Management LP, is urging the Internet company to pursue a sale of its search unit to Microsoft.
Ivory Investment Management LP, which owns 1.5 percent of shares of Yahoo Inc, urged the Internet company to sell its search business to Microsoft Corp, saying such a deal could more than double Yahoo’s value.
SAN FRANCISCO — If activist investor Carl Icahn is going to profit from his $1.8 billion bet on Yahoo Inc., the billionaire needs the struggling Internet company’s stock to more than double in value.
In a move likely to fuel speculation over Yahoo Inc.’s search for a new chief executive, activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company, according to regulatory filings.
Microsoft’s CEO tells a lunch crowd in Australia that Microsoft is “not interested” in making a new offer for Internet company Yahoo.
SYDNEY, Australia (AP) – Yahoo Inc. shares dived nearly 13 percent after the chief executive of Microsoft Corp. said Friday the software giant is not interested in renewing its bid for the struggling Internet company.
