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Yahoo! Inc. (YHOO)

  • Oct. 19, 2012, 8:53 AM
    Yahoo (YHOO) is exiting the South Korean market after years of struggling to compete against local rivals such as NHN and Daum, and to a lesser extent Google. Yahoo Korea, which has 200-250 local employees, will shutter its portal in December. Yahoo's Korean failure contrasts greatly with the success of Yahoo Japan, in which the company maintains (for now) a 35% stake.
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  • Oct. 17, 2012, 3:29 PM
    Marissa Mayer has told Yahoo (YHOO) execs chief revenue officer Michael Barrett is leaving, Kara Swisher reports - Barrett was reported to be "negotiating his exit" yesterday. Meanwhile, new COO Henrique de Castro might not be able to start until year's end, leaving Yahoo without a sales chief in the interim. That could cause further issues for Yahoo's sales force, reportedly feeling overlooked in the Mayer era. Sources tell Swisher Mayer "has spent a negligible amount of time with sales execs." Update: Swisher now reports de Castro will start on Nov. 12.
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  • Oct. 16, 2012, 3:46 PM
    Yahoo (YHOO +1.5%) chief revenue officer Michael Barrett is negotiating his departure, a source tells AdAge. The hiring of fellow ex-Googler Henrique de Castro as COO had already led many to suspect Barrett, who arrived only 4 months ago, would be the next exec not hired by Marissa Mayer to leave. (recent departures: I, II, III)
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  • Oct. 16, 2012, 9:32 AM
    Google (GOOG -0.1%) has tapped Asia-Pac/worldwide mobile chief Daniel Alegre to replace Henrique de Castro as the head of its Partner Business Solutions group, which handles ad sales relationships with partners. Shares are down slightly this morning even though many tech peers are edging higher: there could be concerns Marissa Mayer will be able to get additional Google execs to jump ship for Yahoo (YHOO) in the wake of de Castro's hiring.
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  • Oct. 16, 2012, 8:52 AM
    Yahoo's (YHOO) hiring of senior Google sales exec Henrique de Castro as COO didn't come cheap: his total compensation could reach $56M over the next 4 years. The hiring of de Castro, who appears to have mixed reviews from former co-workers - his intelligence seems to be rated more highly than his people skills - could lead to the departure of chief revenue officer Michael Barrett, who was hired by Ross Levinsohn. (Yahoo sales force issues: I, II)
  • Oct. 15, 2012, 5:37 PM
    Yahoo (YHOO) hires Google VP Henrique de Castro to be its Chief Operating Officer. Reporting directly to CEO Marissa Mayer, he will be responsible for strategic and operational management of Yahoo's sales, operations, media and business development worldwide. (PR)
  • Oct. 15, 2012, 2:03 PM
    Yahoo (YHOO -0.8%) is slipping in the wake of SoftBank's (SFTBF.PK) deal to buy 70% of Sprint. There might be concerns SoftBank's $20.1B commitment lowers the odds it will repurchase Yahoo's 35% stake in Yahoo Japan anytime soon, though talks have apparently been on ice for some time regardless. Meanwhile, Yahoo's executive musical chairs continues: government relations head David Hantman and content exec Liz Coughlin have left, while Google corporate counsel James Loftus has been reeled in.
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  • Oct. 12, 2012, 2:09 PM
    Yahoo (YHOO) is rolling out a new home page, reportedly a priority of CEO Marissa Mayer. Changes include fewer links to Yahoo sites (sorry, Flickr fans), weather and astrology modules, and a Twitter-like news module that updates as a user scrolls. Yahoo's 4.4B home page views/month still yield plenty of ad revenue. Meanwhile, sources tell Nicholas Carlson Yahoo is trying to add PayPal Mafia big-shot Max Levchin to its board, and that Yahoo's sales personnel are "adrift."
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  • Oct. 11, 2012, 6:54 PM
    U.S. online ad sales rose 14% Y/Y in 1H to $17B, according to trade association IAB - healthy growth, but down from the year-ago period's 23% clip. Mobile ad sales rose 95% Y/Y (a positive for MM and VELT), but still made up only 7% of total sales. Search (+19% and 48% of total) ad sales growth was healthy (a positive for GOOG), but display/banner ad sales were a laggard, growing just 4% (a negative for YHOO). (YouTube sales)
  • Oct. 11, 2012, 10:38 AM
    Google (GOOG) vs. Apple (AAPL) is the mobile industry's "defining fight," says Eric Schmidt in an AllThingsD interview, while boasting cumulative Android activations will top 1B in a year. Schmidt, who recently refused to promise Google's iOS search deal will last, also took another shot (previous) at Apple's legal actions, promised Google won't become a content developer, and (citing regulators and a "pretty binding" Microsoft-Yahoo deal) downplayed the odds of a Google-Yahoo (YHOO) search deal.
  • Oct. 10, 2012, 1:44 PM
    Yahoo (YHOO) CTO Ash Munshi has left the company, a company spokesperson tells BI. Munshi was appointed 3 CEOs ago by Carol Bartz, and Marissa Mayer has been busy shaking up (I, II, III) Yahoo's management since taking over this summer.
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  • Oct. 8, 2012, 5:43 PM
    More on Yahoo: Sources tell BI Marissa Mayer is planning big changes for Yahoo's home page, which still yields 4.4B page views/month. Possibly among the changes: the inclusion of links to other sites (a return to Yahoo's search directory roots), Facebook-like news feeds, and an API for 3rd-party developers to write apps for Yahoo's site. The news module for the home page has already been revamped.
  • Oct. 8, 2012, 5:21 PM
    Citing a range-bound stock price, Yahoo (YHOO) investors have been pressuring the company to use the remaining $3B in Alibaba proceeds it has earmarked for returning to shareholders on buybacks instead of a dividend, says Bloomberg. But as Dell and Best Buy shareholders can attest, pouring billions into buybacks instead of dividends isn't always the smartest move for a slow-growing company.
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  • Oct. 3, 2012, 9:51 AM
    Dan Loeb's Third Point hedge fund discloses holding 1.5M shares of Murphy Oil (MUR +0.2%) as of June 30. MUR is now the fund's fifth largest position behind YHOO, GLD, AAPL and AIG.
  • Oct. 1, 2012, 12:34 PM
    Marissa Mayer has given birth to a boy, her husband tweets. Mayer, who took over as Yahoo's (YHOO) CEO in July, has said she'll take a maternity leave of only a few weeks, and plans to "work throughout it." Update: Yahoo says Mayer will return to the company after 1-2 weeks.
  • Sep. 28, 2012, 6:27 PM
    Yahoo (YHOO) is once more trying to mount a challenge to Google's (GOOG) AdSense display ad network by launching Yahoo Bing Network Contextual Ads (ed: doesn't that roll off the tongue?), a solution that lets Yahoo/Bing search advertisers buy text ads for 3rd-party sites. Marissa Mayer has made improving ad monetization a priority, and reportedly wants to invest hundreds of millions in ad tech to further this goal. Contextual ads could be a good proving ground.
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Company Description
Yahoo! Inc is a technology company. It offers search, content and communication on mobile phone, tablet or desktop.