Suitors Circle Hulu; Yahoo Bets Big on Tumblr
The business week starts with potential buyers circling around Hulu, while Yahoo is making a big bet on social media.
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Yahoo Approves $1.1B Deal for Tumblr
Yahoo's rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by the company's board of directors, the Wall Street Journal reports.
Report: Yahoo Nearing $1.1 Billion Acquisition of Tumblr
Yahoo may be on the verge of acquiring content-sharing site Tumblr for $1.1 billion, its biggest acquisition during the 10-month reign of CEO Marissa Mayer.
Markets at Record Levels; More Bad News for J.C. Penney
The Dow Industrials closed yesterday above the 15,000 level for the first time. It's the Dow's 16th record this year. The S&P 500 also set another record.
CEO Flameouts: The Bigger They Aimed, the Harder They Fell
Ron Johnson's short tenure as J.C. Penney's CEO will go down as one of the biggest corporate flameouts ever. But he's hardly the first executive to aim high and fail hard.
Yahoo, Intel Earnings Set Up Market Decline
Yahoo's earnings rose 36% from a year ago, but the company's new management team remains under pressure to prove that its turnaround plan is working. Intel's net fell 25%.
Yahoo Posts Flat First-Quarter Revenue on Falling Ad Sales
Yahoo's net revenue in the first quarter was flat year-over-year, as its display advertising business experienced declining revenue for the second quarter in a row.
Amazon Inks $600 Million Deal with CIA for Cloud Computing
Amazon has reportedly won a $600 million dollar, 10-year contract to supply cloud computing services to the CIA. The online retailer will help the spy agency build a private cloud infrastructure to keep up with emerging technologies.
What Yahoo's 'No Remote Work' Policy Will Cost Its Employees?
With Yahoo CEO Marissa Mayer mandating that all her employees start working in the office, many of Yahoo's former telecommuters will be hit with significant new expenses -- especially those who are parents. We've done some back-of-the-envelope calculations to see how much of a hit they'll take.
Marissa Mayer to Move Yahoo Back to Tech Roots
Long torn between whether it should focus on media content or on tools and technologies, Yahoo under Marissa Mayer is being positioned firmly in the latter camp, according to sources inside and outside the company.
Yahoo Closes $7.6 Billion Deal with Alibaba Group
Yahoo will live up to its promise to pay its shareholders most of the money from a $7.6 billion deal with the Chinese Internet company Alibaba Group.
Will Yang's Yahoo Departure Appease Angry Investors?
Yahoo's embattled co-founder Jerry Yang is off the board, but for disgruntled investor Third Point LLC, that's not good enough. The hedge fund with a 5.2% stake in Yahoo wants to take down Chairman Roy Bostock and potentially three other directors.
What to Watch This Week: New CEOs, Cars, Homes, Tech
It'll be an interesting week in the news of the new: Yahoo has a fresh CEO, auto shows and the CES will show off the latest in cars and tech, and a major homebuilder will tell us how new construction is doing. (Oh, and JP Morgan will give us a clue about how the banks are faring.)
Who Will Win the Yahoo! Sweepstakes?
Shares of Yahoo have been on a white-knuckled roller-coaster ride since the company hired an investment banker to explore shareholder-juicing possibilities, including an outright sale. Reuters has claimed that Microsoft is considering another run at its search partner, but Bloomberg dissents. Who else might buy the dot-com giant?