US based Yahoo has confirmed that Scott Thompson has stepped down as Chief Executive. Last week it was reported that, Scott Thompson had faked  his resume and an SEC filing with a computer science degree he did not receive. Mr Loeb, a hedge fund manager who lobbied for Mr Thompson’s dismissal, is set to be appointed a company [...]

Yahoo chief executive Scott Thompson has apologized to employees at the firm after he was accused of cheating on his CV last week. Yahoo premier Thompson sent a memo to Yahoo staff showing his regret that the issue was getting in the way of the company’s fortunes. Yahoo board is conducting an investigation of the allegations made against [...]

In recent year Yahoo has fallen significantly, grace after a series of layoffs, a stock price plunge, executive departures, restructuring efforts, failed attempts at reinvigorating its core businesses, a staggering inability to innovate and its recent engagement. Yahoo has failed to compete with Google, as it lacks innovation to thrive the company forward. This visualization from HighTable that shows how Yahoo’s market [...]

California based Yahoo has reported Q1 earnings 2012. Yahoo posted Q1 revenues on a GAAP basis of $1.22 billion, up 1% from the $1.2 billion in GAAP revenue Yahoo reported in the first quarter of 2011 (which itself was down 25 percent year-over-year from its Q1 2010 revenue.) Income from operation declined by 11% to $169 million in the first [...]

In a memo, Yahoo chief executive Scott Thompson told  Yahoo staffers that he was revamping the company into three divisions: consumer products, geographic regions, and technology. Recently Yahoo lay-off 2,000 jobs, Thompson and the rest of the Yahoo execs have some exciting announcements in store for remaining Yahoo staffers. The consumer division will include social products and [...]

California based Yahoo Inc has confirmed that it will be laying off large number of its staffs. Yahoo announced this morning that it will start process of letting employees about these changes. As part of that effort, estimated 2,000 people will be notified of job lay-offs or phased transition. Yahoo said that it can realize  approximately $375 million [...]

California based Yahoo Inc is set announce major layoffs next week followed by a major restructuring strategy reports AllthingsD. Yahoo Chief Executive Scott Thompson is trying focus on products and heavily slim down its operations. The layoffs of what could be thousands of employees starting next week. AllthingsD say that the cut  are aimed at the product, research and marketing [...]

The Alibaba Group is trying to obtain a loan of $ 3 billion with plans to buy back its own share currently in ownership with Yahoo Inc. In order to collect the sum of $ 3 billion the company has reportedly intending to start negotiations with a few selected banks. The banks that are prepared to assist Alibaba Group includesANZ, Credit [...]

Roy Bostock,Chairman at the board in Yahoo will not stand for re-election in the next shareholder’s meeting. He has served as a chairman since 2008.  He had released the news to shareholders in a lengthy letter explaining Yahoo’s latest restrategizing. Bostock was optimistic about Yahoo’s future and its recent plan for the future in his resignation letter [...]

U.S. based Yahoo Inc has unveiled a new category for its search engines.Users will note a addition of  an “Apps” filter option on Yahoo search section, This great feature allows users to  easily navigate for a iOS or Android apps. This latest search engine feature is capable of sorting through the 350,000 apps available in Apple’s App Store and 200,000 [...]