Yahoo CEO Marissa Meyer is spinning off the company’s prized stake in China’s Alibaba Group–a move that will avoid paying billions in future taxes.
With more companies looking at allowing their employees to work from home, a team of researchers from Stanford found home-based workers are more productive, but also found telecommuting is not for everyone.
Yahoo’s (YHOO) third-quarter earnings soared as the Internet company collected a huge windfall from Alibaba’s recent IPO. Revenue also rose slightly from the previous year, a welcome change for a company that has been posting quarterly declines for most of the past five years.
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses – plunging more than 400 points.
Alibaba’s stock is surging as the Chinese e-commerce powerhouse’s begins its first day trading as a public company.
The Chinese e-commerce powerhouse is expected to start trading Friday on the NYSE in an IPO that values it at $167.62 billion, bigger than the current market value of Amazon, Cisco, and eBay.
Yahoo said Thursday the government threatened to fine the company $250,000 a day if it did not comply with demands to go along with an expansion of U.S. surveillance by surrendering online information, a step the company regarded as unconstitutional.
For a third consecutive year, some of San Francisco’s biggest names in the startup world will open their doors to the public for free tours Thursday and Friday.
Long after most journalists were ushered out of Apple’s launch event Tuesday, one stuck around to take the first group photo of the company’s new and super-secretive Industrial Design team.
The official Twitter account of Yahoo News was apparently hacked Sunday after it tweeted 145 people in Atlanta were infected with Ebola to its 816,000 followers.