yahoo
Dan Loeb buys a chunk of Nestle, blasts 'staid' culture
Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor's hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest...
Katie Couric says goodbye to Yahoo News staff
Couric — who has served as Yahoo's "Global Anchor" since 2013 — made a strawberry tart for the occasion, and posted a video to Instagram of her "unveiling" it.
Katie Couric's top producer out at Yahoo
Katie Couric’s top producer, Tony Maciulis, has exited Yahoo following Verizon’s purchase of the Web giant
Marissa Mayer resigns as Verizon closes deal with Yahoo
Verizon Communications Inc. said Tuesday it closed its $4.48 billion acquisition of Yahoo Inc.'s core business and that Marissa Mayer, chief executive of the internet company, had resigned. The No....
Verizon to slash 2,100 jobs at Yahoo and AOL
The job cuts at Yahoo and AOL will be deeper than expected. Verizon is now expected to chop 2,100 jobs across the two companies next Tuesday when the $4.5 billion...
Yahoo shareholders approve $4.48B merger with Verizon
Yahoo shareholders on Thursday approved the company’s pending sale of its core internet business to Verizon Communications for $4.48 billion, according to preliminary results from a shareholder meeting. Yahoo expects...
AOL, Yahoo could lose 1,000 jobs after Verizon buyout
The Verizon buyouts of AOL and Yahoo could result in the loss of 1,000 jobs across the companies, according to a report. That would come to something less than 20...
Cable giant Charter snubbed a buyout bid from Verizon
Verizon boss Lowell McAdam, his company facing slowing sales of mobile phones, made a proposal to acquire cable TV giant Charter Communications in recent months, three sources told The Post....
Why worthless CEOs laugh all the way to the bank
Marissa Mayer will pocket $186 million when Verizon fully acquires Yahoo next month — in yet another example of a CEO being paid for luck rather than performance. Yahoo’s core...
Martha Nelson to exit as Yahoo's top editor amid merger
Martha Nelson, the global editor-in-chief of Yahoo, won’t be making the jump when the $4.48 billon deal to sell the struggling Web portal to Verizon closes next month, sources tell...
ESPN poaches NBA super-reporter in wake of layoffs
Out of the embers of all the firings arises Adrian Wojnarowski. The longtime Yahoo Sports NBA super-reporter, whom ESPN couldn't seem to beat, instead will join the Worldwide Leader in...
Former Fox TV boss poised to fill top spot at Sony Pictures
Former Fox TV boss Tony Vinciquerra is the leading candidate to fill the top spot at Sony Pictures Entertainment. Vinciquerra, who is currently an adviser at TPG and has board...
Marissa Mayer will get $186M golden parachute from Yahoo
Yahoo Chief Executive Marissa Mayer may not have been able to save the company she joined nearly five years ago — but she certainly saved her bank account. Mayer will...
Verizon's first-ever subscriber loss could spur dealmaking
Verizon suffered its first-ever quarterly loss of paying wireless subscribers — a grim milestone that could force it into some major deal-making. Verizon said it lost 307,000 retail postpaid subscribers...
Alleged Yahoo hacker worked for Nets owner's bank
MOSCOW — A Russian news report says an intelligence agent charged by the United States in the hacking of half a billion Yahoo user accounts worked at an investment bank...
Russian intelligence officers indicted in massive Yahoo hack
Yahoo was the victim of a massive, state-sponsored Russian cyber hack in 2014 that exposed some 500 million email accounts, the Department of Justice said on Wednesday. In announcing the...
Justice Department is charging Russian spies in Yahoo hacks
US Justice Department officials are expected to announce indictments on Wednesday against suspects in at least one of a series of hacking attacks on Yahoo, according to a source briefed...
Yahoo admits Verizon merger nearly got cut by $1B after hacks
The massive hacks of Yahoo’s user data nearly shaved $925 million off the company’s $4.8 billion deal to sell itself to Verizon, Yahoo revealed Monday. Sunnyvale, Calif.-based Yahoo disclosed in...
Marissa Mayer will give her bonus to employees after data breach
Yahoo Chief Executive Marissa Mayer oversaw a major executive-rank breakdown in leadership after the company’s 2014 data breach, the tech outfit said Wednesday. “Certain senior executives did not properly comprehend...
Verizon and Yahoo reach deal with $350M discount
Verizon said on Tuesday it would buy Yahoo’s core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber-attacks at the internet...