SAN FRANCISCO (Reuters) – Yahoo Inc’s first quarter revenue fell short of Wall Street targets and its display advertising business experienced declining sales for the second quarter in a row, sending the Internet company’s shares down 4.2 percent.
Yahoo’s stock, which had surged more than 50 percent since Chief Executive Marissa Mayer took the helm in July, fell to $22.79 in after-hours trading on Tuesday.
SAN FRANCISCO, April 16 (Reuters) – Yahoo Inc’s
first quarter revenue fell short of Wall Street targets and its
display advertising business experienced declining sales for the
second quarter in a row, sending the Internet company’s shares
down 4.2 percent.
Yahoo’s stock, which had surged more than 50 percent since
Chief Executive Marissa Mayer took the helm in July, fell to
$22.79 in after-hours trading on Tuesday.
SAN FRANCISCO, April 16 (Reuters) – Google Inc
Executive Chairman Eric Schmidt predicted on Tuesday that there
will be more than a billion smartphones in use featuring its
Android software within the next six to nine months.
Schmidt also noted that Google had no intention of blocking
access to a new app from Facebook Inc, saying he was
“phenomenally happy” with the app from Google’s rival, which
replaces the homescreen on Android phones.
SAN FRANCISCO/NEW YORK, April 9 (Reuters) – Google Inc
said on Tuesday it plans to bring its ultra high-speed
Internet and television service to Austin, Texas, next year,
prompting AT&T Inc to reveal its own plans to follow suit
- if it gets the same terms from local authorities.
AT&T appeared to be making a political point to highlight
the heavy regulations that encumber traditional phone companies,
SAN FRANCISCO, April 9 (Reuters) – Google Inc is
bringing its high-speed Internet and television service to
Austin, Texas, the first move to expand the Google Fiber service
beyond its initial location in Kansas City introduced last year.
Google plans to begin connecting homes in Austin by the
middle of 2014, the company said in a post on its official blog
SAN FRANCISCO, March 31 (Reuters) – Create personal
profiles. Build networks of friends. Share photos, videos and
That might sound precisely like Facebook, but hundreds of
millions of tech-savvy young people have instead turned to a
wave of smartphone-based messaging apps that are now sweeping
across North America, Asia and Europe.
SAN FRANCISCO, March 26 (Reuters) – Facebook Inc is
expanding the advertising system that lets marketers tailor
messages to users of the No. 1 social network based on their
browsing history, in the company’s latest step to refine its ad
So far, the system has been used to target graphical display
ads on the right side of a Facebook user’s page, based on
websites visited in the past, such as for products or potential
March 25 (Reuters) – Yahoo Inc has snapped up
mobile news aggregator Summly, the latest in a string of small
acquisitions intended to bolster the Web portal’s mobile
Summly, founded by 17-year-old Nick D’Aloisio, sorts news by
topics in quick bites for smartphones. The start-up works
closely with News Corp and is backed by Chinese
investor Li Ka-Shing and angel investors including the actor
Ashton Kutcher and artist Yoko Ono.
March 14 (Reuters) – Google Inc’s mapping and
commerce chief is stepping down in the latest senior management
reshuffle after Android architect Andy Rubin moved on to a
still-undefined role at the company on Wednesday.
Google will split its Maps/Geo and Commerce group into two
separate units. Senior Vice President Jeff Huber, who has led
the group since 2011, is moving to Google X, the company’s
experimental projects group known for developing self-driving
cars and the Google Glass wearable computer.
SAN FRANCISCO (Reuters) – Google Inc will pay $7 million to 38 states and the District of Columbia to settle an investigation into a controversial incident in which its Street View mapping cars collected passwords and other personal data from home wireless networks between 2008 and 2010.
The deal, details of which were reported last week, ends a nearly three-year investigation.