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Yahoo

Top Google executive Marissa Mayer named Yahoo CEO

July 16th, 2012

($YHOO) Yahoo on Monday named Marissa Mayer the company’s new president and CEO. Mayer was one of the earliest employees with Google, joining the Internet giant in 1999 and becoming the company’s first woman engineer. “I am honored and delighted to lead Yahoo!, one of the internet’s premier destinations for more than 700 million users,” Mayer said …

450,000 Yahoo passwords just got hacked; find out if you might be affected [updated]

July 12th, 2012

Security firm TrustedSec has found that more than 450,000 passwords have been exposed after a successful hack into Yahoo’s Voices website, the Guardian reports. Voices, formerly known as Associated Content before being purchased by Yahoo in 2010, is a news and analysis site that relies on user-generated content. The big problem with this particular hack, the …

Facebook, Yahoo resolve patent spat

July 6th, 2012

Yahoo sued Facebook over patents; Facebook sued Yahoo over patents; Yahoo and Facebook worked it out. Long-time partners Facebook and Yahoo have come to an agreement to launch a new advertising partnership, extend existing distribution agreements and settle all patent claims each company has levied against the other. “We are excited to develop a deeper partnership …

Alibaba repurchases half of Yahoo's stake for $7.1 billion

May 21st, 2012

As Yahoo’s struggles continue, the company is looking to cut costs and dig up cash wherever it can. Yahoo announced plans last month to lay off 2,000 workers, or nearly 15% of its staff, and before that it filed a “puzzling” patent lawsuit against long-time partner Facebook. Now, Yahoo will sell half of its 40% stake …

Microsoft hires 14 Yahoo researchers for new NYC lab

May 3rd, 2012

Microsoft has hired 14 Yahoo researchers for its brand new New York research lab, AllThingsD reported. The hires come after Yahoo made significant layoffs last month to its research and development unit. According to Jennifer Chayes, who manages Microsoft Research in New England and New York, the researchers were’t hired as a package deal. “I …

Yahoo announces plans to lay off 2,000 workers

April 4th, 2012

Yahoo on Wednesday confirmed plans to lay off more than 2,000 employees as part of new cost-cutting efforts. The Internet giant currently employs approximately 14,000 full-time workers and several thousand more contractors. The workforce reductions will be spread across a number of units within Yahoo including its product division, local business unit, marketing division and …

Facebook files patent countersuit against Yahoo

April 3rd, 2012

Yahoo filed a massive patent infringement lawsuit against Facebook last month, claiming that Facebook’s News Feed, advertising methods, privacy settings and more infringed on its intellectual property. Facebook on Tuesday fired back at Yahoo with a countersuit, accusing the company of infringing upon 10 of its patents. Among its claims, the social networking giant says Yahoo’s …

Yahoo files ‘puzzling’ patent lawsuit against Facebook

March 13th, 2012

Yahoo has filed a massive patent infringement lawsuit against its business partner, Facebook, AllThingsD reported on Monday. The search company claims that Facebook’s News Feed, advertising methods, privacy settings and more infringe its patents. “Facebook’s entire social network model, which allows users to create profiles for and connect with, among other things, persons and businesses, …

Nikesh Arora rumored to become Motorola CEO after acquisition

January 31st, 2012

Nikesh Arora, Google’s SVP and Chief Business Officer, will run Motorola once the Google acquisition closes later this year, according to rumor published by Business Insider. Arora ran the company’s international business for Eric Schmidt, taking over the global business after the former CEO stepped down. Arora has reportedly been “agitating” for a CEO position and …

Yahoo considers layoffs, reportedly freezes hiring

January 19th, 2012

Yahoo has frozen its hiring process and may even consider layoffs according to a new report. The news was revealed by AllThingsD on Thursday, which wrote that the choices were made ahead of expected weak fourth quarter earnings. Yahoo isn’t considering mass layoffs, however; instead, AllThingsD said they are likely to be “small and selective” …