Yahoo! to cut 2,000 jobs

Struggling Internet company Yahoo!said it will lay off 2,000 employees as part of a savings plan, a move that would save $375 million in a year for the company."Today's actions are an important......

Yahoo chairman, 3 directors to step down

Yahoo chairman Roy Bostock and three other directors are stepping down from the board of the company, which is struggling in an increasingly competitive online space.In a letter to shareholders......

Yahoo! names Scott Thompson as new CEO

Yahoo Inc has named Scott Thompson, who runs eBay's online payment unit PayPal, as its new CEO.The company had sacked Carol Bartz as its CEO in September 2011. Since then, Yahoo is being run by its......

Yahoo mulls offloading stake in Japan unit

Internet firm Yahoo is moving close to offloading stake in its Japanese business, Yahoo Japan, ahead of the conclusion of its wider strategic review, possibly within weeks, a report said."Yahoo......

Golf, sponsors ponder Woods' absence from sport

Even the prospect of a golf landscape temporarily minus Tiger Woods is not one PGA Tour officials, advertisers and sponsors care to ponder as speculation swirls around the popular athlete's private......