Yahoo’s recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.
Yahoo’s stock price has surpassed $30 for the first time since the Internet company was fending off a takeover offer bid by Microsoft 5 1/2 years ago.
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times.
Yahoo is laying off 2,000 employees as new CEO Scott Thompson sweeps out jobs that don’t fit into his plans for turning around the beleaguered Internet company.
Yahoo Chairman Roy Bostock and three longtime board members are leaving the troubled Internet company.
Google is exploring the possibility of helping to finance a possible deal by others to acquire Internet search company Yahoo, according to a report published report by the Wall Street Journal on Saturday.
Carol Bartz was fired Tuesday as Yahoo Inc.’s CEO nearly three years into a tenure in which the company fell short of the turnaround she was charged with leading.
California senators rejected a bill Friday designed to increase privacy on social networking sites, persuaded by objections from some of the burgeoning industry’s biggest players.
Yahoo is reducing its work force by 4 percent and as it hands out 600 layoff notices for the holidays.