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Business 14 May 2012 | 12:00 AM

Yahoo CEO out, investor Loeb gets board seats

SAN FRANCISCO (Reuters) - Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position to influence strategy at the struggling Internet company.

World 14 May 2012 | 12:00 AM

Yahoo CEO out, investor Loeb gets board seats

SAN FRANCISCO (Reuters) - Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position to influence strategy at the struggling Internet company.

Business 09 May 2012 | 12:00 AM

Yahoo CEO apologises to employees in memo

SAN FRANCISCO: Yahoo Incs board convened on Monday afternoon to discuss the mounting upset surrounding chief executive Scott Thompson, who has apologised to employees after being accused last week by activist investor Daniel Loeb of padding his resume, a source with knowledge of the matter said.

Community 09 May 2012 | 12:00 AM

Seminar on e-commerce for SME folk next week

MORE than 200 people from the small and medium enterprises (SMEs) are expected to attend an e-commerce seminar titled ‘Alibaba.com - Your Global E-Commerce Partner” on May 15.

Business 07 May 2012 | 12:00 AM

Yahoo in talks to sell 15%-25% of Alibaba

SAN FRANCISCO: Yahoo Inc could be weeks away from selling 15% to 25% of Alibaba Group’s stock back to China’s largest ecommerce company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations, a source said.

Business 26 Apr 2012 | 12:00 AM

Baidu revenue forecast casts doubts on growth

HONG KONG: Baidu Inc, Chinas leading Internet search company, set off alarm bells on Wall Street after a disappointing second-quarter revenue forecast raised doubts on its growth prospects and knocked down its shares more than 10% after hours.       

Business 24 Apr 2012 | 12:00 AM

Alibaba.com Q1 profit slumps 25%

HONG KONG: Alibaba.com Ltd, China’s largest listed e-commerce company, posted a 25% slide in first quarter earnings, weighed by a stagnant paying-member base and higher operating expenses.

Business 18 Apr 2012 | 12:00 AM

Yahoo's 1Q results show progress under new CEO

SAN FRANCISCO (AP) - Yahoo's first-quarter results showed signs of progress that may help boost the credibility of recently hired CEO Scott Thompson as he tries to turn around the long-sputtering Internet company.

Business 30 Mar 2012 | 12:00 AM

Third Point CEO to continue fight over Yahoo board

SAN FRANCISCO: Daniel Loeb, chief executive of hedge fund Third Point, said he would continue to push to revamp Yahoo Inc’s board of directors following Yahoo’s decision to reject him as a board member.

Business 22 Feb 2012 | 12:00 AM

Alibaba Q4 net slips on weak global economy

HONG KONG: Alibaba.com, which could soon be taken private by its founder Jack Ma, posted a first profit decline in more than two years as a weak global economy hit the number of paying members for its services.