Sunday - June 14, 2009
Yahoo has hired a cost-cutting specialist as its new chief financial officer, signaling the Internet company's determination to weed out the bureaucracy that has been dragging down its profits for the past three years. The company said Thursday that it had lured Tim Morse away from computer chipmaker Altera. He became Altera's CFO in 2007 after a 15-year career at General Electric, where he held various jobs. Morse's hiring ends Yahoo's 3 1/2-month search to replace its current CFO Blake Jorgensen.
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Friday - June 5, 2009
Yahoo CEO Carol Bartz has a message for investors hoping for a quick fix at the slumping Internet company or for an online search partnership with Microsoft -- don't expect either to happen any time soon. The no-nonsense executive hired by Yahoo five months ago got her latest points across Wednesday during an appearance at an investor conference in New York.
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Thursday - June 4, 2009
Yahoo has sued the NFL Players Association, claiming it shouldn't have to pay royalties to use players' statistics, photos and other data in its popular online fantasy football game because the information is already publicly available. Santa Clara, Calif.-based Yahoo filed its lawsuit Monday in federal court in Minneapolis.
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Thursday - May 28, 2009
Time Warner is officially releasing AOL from its parentage. A year after announcing its intention to separate from the struggling unit, Time Warner said Thursday the time had come. The company, which owns 95 percent of AOL, will buy out the 5 percent stake that Google owns for an undisclosed amount.
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Wednesday - April 22, 2009
Yahoo announced Wednesday that first-quarter earnings fell by nearly 80 percent and that it will cut 675 jobs as CEO Carol Bartz struggles to revive the ailing Internet company. The news was not generally jeered by investors, however. Between opening time Tuesday, when they stood at $13.94, and mid-day Wednesday, when they stood at $14.88, Yahoo shares put on 94 cents, or 6.7 percent.
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Monday - April 13, 2009
Last week, I wrote about the 3rd Rebirth of Computing. This change will lead to the potential for Google to be vastly more powerful than any company in the history of the world. Given the historical patterns associated with companies that get even a fraction of this power, current trends are frightening.
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Wednesday - April 8, 2009
Google's chief executive told newspaper publishers Tuesday that they should continue to rely on advertising but seek new ways to reach readers. He urged publishers to focus on mobile technology and the development of new platforms for delivering news. Schmidt said there's still room for subscription and pay-by-the-piece journalism but he emphasized advertising.
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Tuesday - April 7, 2009
Is the Associated Press trying to shoehorn a 21st-century technology into a 20th-century business model? Or is it merely trying to protect content that allows Google and others to rake in money while it is left holding the lost-revenue bag? The answers to those questions may end up coming from a courtroom.
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Friday - March 13, 2009
Struggling Internet portal America Online has tapped Google executive Tim Armstrong as its new chairman and chief executive officer, the company announced Friday. AOL, a division of Time Warner, also announced the departures of current AOL chairman and CEO Randy Falco and President and COO Ron Grant, both of whom were appointed just two years ago. Both men will leave the company after a brief transition period.
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Friday - February 6, 2009
Microsoft launched a beta version of a new celebrity gossip site Thursday called
"Wonderwall.com." The new site is loaded with pictures of celebrities that visitors can click on to read news stories, features and commentary about the stars. The new site is designed to complement Microsoft's already substantial coverage of the celebrity and entertainment scene through its MSN portal.
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Monday - February 2, 2009
We actually are seeing a large number of turnarounds going on in the industry, and all are overshadowed by President Obama's effort to turn around the country. Last week's vote on the stimulus package would indicate things aren't going well for Obama because, while it passed, all Republicans voted against it -- but it showcases the exact kind of problem Howard Stringer is having at Sony.
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