Yahoo Profits Slip; To Cut 1,000 Jobs
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After a challenging year, Yahoo posted a 23 percent decline in fourth-quarter profits and announced plans to cut 1,000 positions.
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Yahoo Inc.'s financial funk deepened at the end of 2007, prompting the slumping Internet icon to draw up plans to lay off 1,000 workers.
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Yahoo is widely expected  to undertake significant layoffs this week and dump several  underperforming businesses as the struggling portal continues  to reorganize its business operations.
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Yahoo&#39;s fourth-quarter revenue grew, but net income fell as the struggling Internet giant tried to put its house in order and improve its ability to compete against Google and other rivals.
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Profit at the Toyota Motor Corporation slipped 1.5 percent in the most recent quarter as damage from a falling dollar offset strong increases in sales around the world.
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Yahoo said its net income for the second quarter was $161 million, or 11 cents a share, almost unchanged from the same period a year ago, as revenues rose to $1.7 billion.
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InfoWorld - Yahoo&#39;s net income fell year-over-year in a quarter that saw&#160;Yahoo leadership change hands&#160;amid criticism that the company failed to capitalize on the explosive growth of the search-engine advertising market.
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Yahoo Inc   posted a drop in quarterly profit on Tuesday and forecast 2008  revenue below Wall Street forecasts as it cuts jobs and invests  to shore up its Web advertising business.
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InfoWorld - Yahoo's fourth-quarter revenue grew, but net income fell as the struggling Internet giant tried to put its house in order and improve its ability to compete against Google and other rivals.
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SUNNYVALE, Calif. -- Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo Inc. is poised to lay off hundreds of workers, according to published reports.
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Slumping Yahoo Inc.'s fourth-quarter profit dropped less than analysts feared, but management signaled the Internet icon's turnaround efforts may still take another year to pay off.
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Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo! Inc. is poised to lay off hundreds of workers, according to published reports
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Yahoo Inc. reported on Tuesday a quarterly net profit that more than tripled from the year earlier, boosted by the sale of shares it held in rival Google Inc. and stronger online ad revenue that analysts said may signal good results from other Web search providers.
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When Yahoo posts fourth-quarter results after closing bell tomorrow, the company is expected to deliver a couple of disappointing announcements, including job cuts and a less profitable agreement with AT&T.
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Yahoo Inc  is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday.
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Yahoo Inc  is planning to  announce cutbacks later this month that will likely lead to  hundreds of job losses at the nearly 14,000 employee company, a  source familiar with the plan said on Monday.
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SAN FRANCISCO/NEW YORK  - Yahoo Inc  posted a drop in quarterly profit on Tuesday and forecast 2008 revenue below Wall Street forecasts as it cuts jobs and invests to shore up its Web advertising business.