Yahoo news stories on Newser

Yahoo, Alibaba End Years of Bickering With $7B Deal

Matt Cantor — Mon, 21 May 2012 06:45:38 CDT

It's a resolution for what All Things Digital's Kara Swisher calls "perhaps the longest running global cat fight in Internet history": In a $7.1 billion deal, Yahoo is selling back up to half its 40% stake in China's Alibaba , the Wall Street Journal reports. For the US internet giant,...

Yahoo Ex-CEO: I Have Cancer

Mary Papenfuss — Mon, 14 May 2012 07:20:00 CDT

In a surprise revelation, former Yahoo CEO Scott Thompson has told board members and colleagues that he has been diagnosed with thyroid cancer, sources tell the Wall Street Journal . Thompson stepped down as CEO after it was discovered that he did not have a college degree in computer science, as...

Yahoo CEO Quitting: Report

Polly Davis Doig — Sun, 13 May 2012 11:59:24 CDT

Creative resume writing is not paying off for embattled Yahoo CEO Scott Thompson, who is about to step down from the tech giant's helm, reports Kara Swisher in an exclusive for AllThingsD . He'll likely be replaced by Yahoo's global media chief, Ross Levinsohn, who presumably has a squeaky-clean CV. Yahoo's...

Yahoo Board Probes CEO's Fake Résumé Debacle

Evann Gastaldo — Tue, 08 May 2012 07:39:00 CDT

Yahoo’s board is investigating the mess surrounding CEO Scott Thompson’s inflated résumé , and is hiring a law firm to oversee the matter, the Wall Street Journal reports. After shareholder Third Point LLC discovered Thompson has only an accounting degree, rather than a degree in computer science and accounting as his...

Yahoo CEO Accused of Inflating Resume

Rob Quinn — Fri, 04 May 2012 05:00:00 CDT

Activist Yahoo shareholder Dan Loeb appears to have vetted CEO Scott Thompson more carefully than the company's board did. In his bio and regulatory filings, Thompson claimed to have a double degree in computer science and accounting from Stonehill College, but his only degree is in accounting, Loeb discovered. Loeb—...

Yahoo Lays Off 2K Workers

Kevin Spak — Wed, 04 Apr 2012 09:15:40 CDT

Yahoo is slashing 2,000 jobs, or about 14% of its workforce, the company announced today, in a long-expected cost-cutting move. The cuts will hit every department in the company, and sources tell the Wall Street Journal that yet more cost reduction measures are in the works, as Yahoo continues...

Yahoo Sues Facebook Over 10 Alleged Patent Violations

Evann Gastaldo — Tue, 13 Mar 2012 08:46:25 CDT

Yahoo followed through on its threat to sue Facebook today, filing a suit accusing the social networking company of violating 10 Yahoo patents. The suit, filed by new CEO Scott Thompson, reportedly comes after months of talks between the two companies; it alleges that Facebook got a "free ride" by...

Yahoo Poised to Lay Off Thousands

Rob Quinn — Tue, 06 Mar 2012 01:19:00 CST

Yahoo's new CEO is planning a major shake-up of the business that's expected to involve thousands of layoffs, sources tell All Things Digital . Scott Thompson, who has been pushing for quick changes since taking charge early this year , is eyeing big cuts in Yahoo's large products organization, as well as...

Bill Maher Hands $1M to Obama Super PAC

Matt Cantor — Fri, 24 Feb 2012 07:00:01 CST

Bill Maher isn't being coy about his political allegiance. As part of his standup show last night, broadcast live by Yahoo , the comedian gave a giant check for $1 million to a pro-President Obama super PAC. The money adds to the nearly $4.5 million Priorities USA Action has raised...