Internet firm Yahoo! has announced a tripling of its profits, thanks largely to aggressive cost-cutting, while actual revenue fell. The company has laid off some 2,000 staff over the past year.
Wednesday saw Amazon, Microsoft and Yahoo! join the Open Book Alliance, which has expressed concern about 'serious legal, competitive and policy issues' surrounding Google's book-scanning project.
US Internet giant Yahoo! signed a deal Tuesday to purchase web portal Maktoob. Jordan-based website Maktoob has more than 16.5 million users in countries like the United Arab Emirates, Kuwait, Egypt and Saudi Arabia.
Internet giant Google has launched the test version of its new search engine, dubbed Caffeine. Though there is no major change to the interface, Google hopes it will help it retain its edge over a new breed of challengers.
Microsoft and Yahoo! have reached an agreement on an Internet search deal that will see the companies join forces against search engine market leader Google. Yahoo! expect to gain 500 million dollars in annual operating income from the deal.
Internet giant Yahoo has reported a drop of 78 percent in the first three months of the year. The group has decided to cut around 600 more jobs, representing almost five percent of its worldwide workforce.
Internet giant Yahoo! is considering a new round of job cuts, US media have reported. The layoffs, which could be announced as early as next week, would be the first under new CEO Carol Bartz.
The influential Wall Street Journal's 'All Things Digital' blog reveals that, one year after their big failure, Microsoft and Yahoo are resuming talks and are aiming for an advertising deal on Web searches.
Intending to replace its unsuccessful Live Search, Microsoft confirmed Tuesday that it is testing a successor codenamed Kumo. The US software giant hopes to increase its share of the lucrative search business, massively dominated by Google.
The new executive chief of Yahoo!, Carol Bartz, announced Thursday that she was shaking up the Internet pioneer's management structure, not long after it was announced that chief financial officer Blake Jorgensen was leaving the company.
