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Revolving door: Yahoo ushers out another CEO
SAN FRANCISCO — Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received. The troubled Internet company’s next challenge will be convincing its restless shareholders and demoralized employees that the turnaround work started during Thompson’s tumultuous four-month stint as CEO won&#[...]
Yahoo shareholder demands records on CEO’s hiring
SAN FRANCISCO — A major Yahoo shareholder has made a legal demand for internal records about the embattled Internet company’s hiring of CEO Scott Thompson. Activist hedge fund Third Point LLC took the unusual step Monday as part of its effort to oust Thompson for an inaccuracy about his academic credentials. After exposing the fabrication […]
Yahoo CEO faces calls for ouster after inaccuracy
SAN FRANCISCO — Yahoo CEO Scott Thompson faces calls for his ouster after just four months leading the troubled Internet company because of inaccuracies with his academic credentials. A major Yahoo shareholder who exposed the misrepresentation Thursday is now leading the charge to oust Thompson for unethical conduct. In a Friday letter, activist hedge fund […]
Like ‘Kleenex’ to ’tissue’, Apple’s ‘iPad’ is the only tablet people know
NEW YORK — Apple is on the verge of doing what few others have: change the English language. When you have a boo-boo, you reach for a Band-Aid not a bandage. When you need to blow your nose, you ask for Kleenex not tissue. If you decide to look up something online, you Google instead […]
Yahoo dumping 2,000 workers in latest purge
SAN FRANCISCO — Yahoo is laying off 2,000 employees as new CEO Scott Thompson eliminates jobs that don’t fit into his plans for turning around the beleaguered Internet company. The cuts announced Wednesday represent about 14 percent of the 14,100 workers employed by Yahoo. Yahoo estimated it will save about $375 million annually after the […]
Yahoo seeking patent windfall from Facebook
SAN FRANCISCO — Yahoo is threatening to sue Facebook unless the Internet social network agrees to license some of its patents covering a variety of online services. The demand, issued in a late Monday statement, presents Facebook Inc. with a nettlesome headache as it tries to complete an initial public offering of stock. The upcoming […]
Tech companies team up to combat email scams
NEW YORK — Google, Facebook and other big tech companies are jointly designing a system for combating email scams known as phishing. Such scams try to trick people into giving away passwords and other personal information by sending emails that look as if they come from a legitimate bank, retailer or other business. When Bank […]
Yahoo co-founder Jerry Yang leaving company
SAN FRANCISCO — Yahoo co-founder Jerry Yang is leaving the struggling company. The surprise departure, announced Tuesday, comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thomson as its CEO. Yang expressed his support of Thompson in his resignation from Yahoo’s board of directors. He had been on Yahoo’s board since the […]
Yahoo names PayPal exec as its CEO
NEW YORK — Yahoo Inc. has named Scott Thompson, president of eBay Inc.’s PayPal division, as its CEO, the fourth one in less than five years for the struggling Internet company. Yahoo, which announced its choice Wednesday, has been without a permanent CEO since early September. It fired Carol Bartz after losing patience with her […]
Yahoo expands sharing of stories through Facebook
SAN FRANCISCO — Yahoo is deepening its connections with Facebook’s online social network. The latest bond announced late Tuesday will enable Facebook users to share more of their activities on Yahoo’s websites, including which stories they are reading. Yahoo Inc. introduced the Facebook-sharing option in its main new section three months ago. The same feature […]
Investors cheer sudden ouster of Yahoo! CEO Bartz
SAN FRANCISCO — Yahoo’s stock price rose more than 5 percent on Wednesday after the company fired its CEO following more than 2½ years of financial lethargy. Tuesday’s ouster came as investors were convinced that Carol Bartz couldn’t steer the Internet company to a long-promised turnaround. To fill the void, Yahoo’s board named Tim Morse, […]
AP source: Apple considering Hulu bid
SAN FRANCISCO — Apple Inc. is in talks to potentially bid for video-streaming service Hulu, a person close to the situation said Friday. The person, who said Apple is among several companies interested in Hulu, spoke on condition of anonymity because they are not authorized to talk about the matter. In early July, search giant […]
