Google has acquired Sparrow, the maker of an email client available for various platforms, including Apple's iOS and Mac OS X. The news comes one week after Sparrow announced that its product is ready for Mac OS X Mountain Lion and for Apple's Retina Display technology. Financial details of the purc...
Yahoo's Q2 earnings, which were publicly released Tuesday, underscore the challenges that new CEO Marissa Mayer will face as she takes over the struggling Internet company. Yahoo brought in $227 million in its second quarter, down from the $237 million it reported for the same time a year ago. Earni...
Yahoo's search for a CEO is over: The company has announced that Marissa Mayer, one of Google's most prominent executives, will take the helm at Yahoo. Her recruitment is seen as a major victory for Yahoo, which has churned through a number of CEOs in recent years. After the company's last chief exe...
The MS part of MSNBC.com has pulled out of the joint venture. This ends the partnership between Microsoft and NBC News, which is now owned by Comcast. In 2005, Microsoft sold its stake in the MSNBC cable channel to NBC, and it now will sell its 50 percent interest in the website for an undisclosed a...
Yahoo and Facebook are ending their patent infringement lawsuits against each other with a settlement that includes a licensing partnership as well as an expanded content distribution and advertising relationship. The new agreement allows for collaboration on ad campaigns during major media events.
Based on the underperformance of its online services division, Microsoft announced Monday that it would be taking a write-down of $6.2 billion. The non-cash, non-tax-deductible income statement charge for the fourth quarter of fiscal year 2012 is for the "impairment of goodwill" related primarily to...
A brewing patent dispute between Yahoo and Facebook may wind up being settled outside of the courtroom, according to court filings made this week by Yahoo's attorneys in the U.S. court for the Northern District of California, in which they also sought extensions to other filing deadlines. The two co...
The fallout from Facebook's May IPO continued Tuesday as venture capitalist Paul Graham of Y Combinator warned Silicon Valley startups that they may be in for a stretch of hard times. In a letter, Graham states that a prominent investor he knows seems sure that the bad performance of the Facebook IP...
Facebook is opening its proposed policy changes to a vote, inviting users to review and approve or disapprove of the newly revised documents. The social network will consider results binding if 30 percent or more of its active user base participates. Facebook's current proposed changes don't include...
Yahoo will sell half its stake in Chinese e-commerce heavyweight Alibaba back to the company for about $7.1 billion, setting in motion a deal that will send cash toward Yahoo shareholders. The deal will take place in multiple stages. First, Alibaba will purchase about 20 percent of Yahoo's stake in ...
In the U.S. market, the percentage of broadband households owning and connecting at least one product besides PCs to the Internet has increased 45 percent between 2010 and 2011. Today, approximately 40 percent of all U.S. broadband households own at least one Internet-connected device, with game con...
Embattled Yahoo has a new interim chief executive. It announced Sunday that Ross Levinsohn, the company's global media leader, would take over as interim CEO following Scott Thompson's departure. Thompson's exit comes amid controversy over an unearned computer science college degree listed on his re...
The last seven days have no doubt felt surreal for executives and board members at Yahoo. It was a week ago that shareholder Daniel Loeb, CEO of hedge fund Third Point, revealed that Yahoo CEO Scott Thompson's educational credentials included a computer science bachelor's degree he never earned, sp...
Dan Loeb is not letting up the pressure on Yahoo, its board of directors or, most certainly, its CEO, Scott Thompson. Loeb, manager and founder of Third Point, a hedge fund that owns a 5.8 percent stake in Yahoo, has demanded more information about the process that led to the hiring of Thompson, aft...
A fresh blight has struck Yahoo, which continues to flounder as management slashes its workforce in a bid to put the ailing company back on its feet. The resume of recently hired CEO Scott Thompson claims he holds a college degree that he never actually earned. The news erupted on Thursday in the mi...
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