Yahoo's new chief financial officer is getting a big raise to join the struggling Internet company.
Yahoo CEO Marissa Mayer is casting aside a cost-cutting specialist and bringing in software industry veteran Ken Goldman to be chief financial officer as the Internet company's management orchestrates a potentially expensive turnaround attempt.
Yahoo has completed a long-awaited $7.6 billion deal with China's Alibaba Group, generating a windfall that could help ease the pain of Yahoo shareholders who have endured the company's foibles during the past few years.
The brother of Yahoo CEO Marissa Mayer has been sentenced to three years of probation following his arrest for suspicion of beating his former girlfriend.
Yahoo is bringing in a new chief marketing officer as the troubled Internet company tries to burnish its image and revive its revenue growth under recently hired CEO Marissa Mayer.
Groupon became the latest company to report quarterly earnings, and its revenue growth fell short of analyst estimates. Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:
Recently hired Yahoo CEO Marissa Mayer may scrap the Internet company's plan to reward its long-tormented shareholders with a multibillion-dollar payout later this year, underscoring the uncertainty accompanying new leadership.
Several tech companies have reported their quarterly earnings, including Facebook for the first time as a public company. LinkedIn recorded strong results to counter disappointing earnings from other newly traded Internet companies _ namely Facebook and Zynga. Groupon reports next week.
Ross Levinsohn, the interim CEO who was snubbed in the search for a permanent leader at Yahoo, is leaving the Internet portal.
