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NEW YORK, United States (AFP) – A leading activist investor called Wednesday for Royal Dutch Shell to break itself up, bolster its low-carbon investment and return more cash to shareholders. Bemoaning how the Anglo-Dutch giant’s stock valuation has lagged that of oil industry rivals, activist Daniel Loeb called for a “bold strategy” shift from the oil giant as he announced that he took a stake in the company. “Shell has too many competing stakeholders pushing […]
LONDON, United Kingdom (AFP) — US internet search engine Yahoo suffered a technical glitch Thursday, the company said, affecting thousands of users, especially email account holders in Britain. “Most services are back online,” Yahoo tweeted around 1530 GMT while attempting to fix the problem that was first flagged more than seven hours earlier. “This is a technical issue that affected our services. We are sorry for the inconvenience and thank you for your patience as […]
SAN FRANCISCO, United States (AFP) — Tumblr founder and chief David Karp on Monday announced he is leaving the nearly 11-year-old blogging platform — with his departure coming in the wake of Verizon buying parent-company Yahoo. Karp said that he will leave by the end of this year and chief operating officer Jeff D’Onofrio will take his place at the helm of Tumblr. “I beg you to understand that my decision comes after months of […]
by Rob Lever Agence France Presse WASHINGTON, United States (AFP) — A 2013 hack affected all three billion accounts at Yahoo, triple the original estimate, the online giant’s parent company said Tuesday following a new analysis of the incident. The disclosure from Verizon, which acquired Yahoo’s online assets earlier this year, revised upward the initial estimate of one billion accounts affected. The statement said the estimate is based on “new intelligence” following an investigation with […]
WASHINGTON, United States (AFP) – Internet pioneer Yahoo ended its two-decade run as an independent company on Tuesday, completing the sale of its core online assets to telecom giant Verizon. Yahoo’s chief executive Marissa Mayer resigned as expected, as Verizon finalized the $4.48 billion deal integrating the Yahoo internet operations into a new unit called Oath, which includes another former sector leader, AOL. Tim Armstrong, former chief executive officer of AOL, now holds the same […]
SAN FRANCISCO, United States (AFP) — Yahoo on Tuesday reported quarterly earnings that topped expectations as the pioneering internet firm remained on track to be bought by Verizon. Yahoo posted profit of $99 million in the first three months of this year on revenue of $1.3 billion, as compared to posting a loss on $1.09 billion in revenue in the same period last year. The California-based company said that it was continuing to work with […]
WASHINGTON, United States (AFP) — Yahoo said Monday that board member and former Internet executive Thomas McInerney would lead the business that remains after the sale of its core assets to Verizon is completed. The Internet pioneer said the sale of its main operating unit was on track to be completed in the second quarter, and that McInerney would head the financial holding company that is provisionally called “Altaba.” The main holding of Altaba would […]
SYDNEY, Australia (AFP) — Australian-US media outlet Yahoo7 was Friday found in contempt and fined over an online story that saw a murder trial aborted, with a judge slamming the website for prioritizing profit above oversight. A Sydney-based Yahoo7 journalist, Krystal Johnson, and the company were hauled before court last year over a report about a Melbourne murder trial that contained prejudicial information not heard by the jury. The jury was discharged and the trial […]
SAN FRANCISCO, United States (AFP) — Yahoo said Wednesday it was notifying some users that hackers may have been able to use a maneuver to break into their accounts without stealing passwords. The latest notifications were in response to the record breach disclosed late last year affecting an estimated one billion users — which involved forging of “cookies” or files used to authenticate users when they log into their accounts. The notification indicates the investigation […]
(Reuters) — Yahoo’s getting a new name, and it’s shrinking its board. It’ll rename itself Altaba after it closes its $4.8 billion deal with Verizon. CEO Marissa Mayer will step down from its board, and several other directors including co-founder David Filo, will leave as well. The new name perhaps partly reflects where the company gets its value, Alibaba. Altaba will be a holding company. Its main assets: a 15 percent stake in Chinese e-commerce […]
SAN FRANCISCO, United States (AFP) — Yahoo confirmed on Monday that chief executive Marissa Mayer will quit the company’s board after its merger with Verizon. Mayer is expected to remain with Yahoo’s core business, which is being bought by the US telecom titan. Yahoo is selling its main operating business as a way to separate that from its more valuable stake in Chinese internet giant Alibaba. The share-tending entity, to be renamed Altaba, Inc., will […]
by Rob Lever Agence France Presse WASHINGTON, United States (AFP) — The 2013 hack affecting a billion Yahoo users shows how seemingly innocuous bits of data gleaned from cyber attacks can be exploited for espionage and information warfare, as well as for profit. The breach, disclosed Wednesday, is the largest on record and comes just months after Yahoo disclosed a separate attack in 2014 affecting data from 500 million users. On the surface, the trove […]
