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Exclusive: Verizon turns to former Yahoo bankers for bid - sources| Reuters

May 27, 2016 at 06:15 | Source: FirstPost

NEW YORK/SAN FRANCISCO Verizon Communications Inc (VZ.N) is working on its bid for Yahoo Inc's (YHOO.O) core assets with an investment bank which was, as recently as last year, one of the U.S. internet company's top advisers, people familiar with the...

Gains in financial, energy stocks lift Wall St| Reuters

May 25, 2016 at 23:45 | Source: FirstPost

Wall Street was higher in afternoon trading on Wednesday, extending gains from Tuesday as oil prices rose and investors became more comfortable with the prospect of an interest rate hike as early as next month.The S&P financial index was up 0.95 ...

Wall St up as banks rally on prospects of higher rates| Reuters

May 25, 2016 at 23:18 | Source: FirstPost

Wall Street was higher on Wednesday, extending gains from Tuesday, as the possibility of the U.S. Federal Reserve raising interest rates as early as this summer boosted bank stocks.Financial stocks were up 1.26 percent, hitting their highest levels s...

AT&T bids for Yahoo's internet business - Bloomberg| Reuters

May 25, 2016 at 23:15 | Source: FirstPost

AT&T Inc, the No. 2 U.S. wireless carrier, has made a bid for Yahoo Inc's internet business, Bloomberg reported on Wednesday, citing people familiar with the matter.Yahoo's shares recouped some of their losses following the report and were down 2...

Snapdeal's chief product officer Anand Chandrasekaran quits

May 25, 2016 at 12:32 | Source: FirstPost

New Delhi - Chief product officer of e-commerce marketplace Snapdeal Anand Chandrasekaran has quit the company to start his own entrepreneurial venture. Chandrasekaran was brought on board in June last year to revamp the company's platform, especiall...

Renaming row: This is a cheap shot from Rishi Kapoor; not worth the slurs

May 19, 2016 at 12:11 | Source: FirstPost

Lets not make the sycophantic tsunami of naming parks and palaces and public places after the Gandhis into some diabolical plot. We love to snivel and grovel in front of those in power with all that feet touching brown nosing stuff. None of those peo...

Exclusive - Warren Buffett, Quicken Loans founder in Yahoo bid: sources| Reuters

May 14, 2016 at 05:30 | Source: FirstPost

Berkshire Hathaway Inc (BRKa.N) Chairman Warren Buffett is backing a consortium vying for Yahoo Inc's (YHOO.O) internet assets that includes Quicken Loans Inc founder Dan Gilbert, people familiar with the matter said on Friday.While there is no certa...

Starboard's Smith says Yahoo 'welcoming' since his arrival| Reuters

May 03, 2016 at 05:45 | Source: FirstPost

LOS ANGELES Yahoo Inc's management team and directors have given a warm welcome to Starboard Value LP Chief Executive Jeffrey Smith since he joined the company's board after a contentious battle, he said on Monday."Yahoo has been great," sa...

Exclusive - Yahoo's bidder shortlist points to cash deal: sources| Reuters

Apr 30, 2016 at 01:45 | Source: FirstPost

Yahoo Inc (YHOO.O) has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc (VZ.N), with most offers involving cash rather than a combination with another company, according to people famil...

Facebook doubles revenues, triples profit in Q1; Zuckerberg to tighten control

Apr 28, 2016 at 08:15 | Source: FirstPost

New York: Facebook is crushing it: the company nearly doubled revenue from last year, and tripled its profit. Facebook on Wednesday posted a 52 percent surge in first quarter revenue, bucking a gloomy tech trend that has seen Apple, Twitter, Microsof...

Facebook revenue smashes expectations as mobile ad sales surge

Apr 28, 2016 at 08:15 | Source: FirstPost

New York: Facebook is crushing it: the company nearly doubled revenue from last year, and tripled its profit. Facebook on Wednesday posted a 52 percent surge in first quarter revenue, bucking a gloomy tech trend that has seen Apple, Twitter, Microsof...

Facebook shares rocket as ad sales surge, users swell to 1.65 billion

Apr 28, 2016 at 08:15 | Source: FirstPost

New York: Facebook is crushing it: the company nearly doubled revenue from last year, and tripled its profit. Facebook on Wednesday posted a 52 percent surge in first quarter revenue, bucking a gloomy tech trend that has seen Apple, Twitter, Microsof...

Wall Street flirts with record high levels as companies report| Reuters

Apr 21, 2016 at 02:30 | Source: FirstPost

Wall Street ended less than 2 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports.Driven 15 percent higher since mid-February by a recovery in weak oil prices and helped...

Yahoo results edge past estimates in good sign for sale of business| Reuters

Apr 20, 2016 at 07:15 | Source: FirstPost

San Francisco Yahoo Inc's (YHOO.O) first-quarter results beat Wall Street estimates by a hair on Tuesday in what was taken as a good sign for the web pioneer's plan to auction its core business.Under pressure from activist shareholder Starboard Value...

Exclusive - Verizon set to make Yahoo's bidder short list: sources| Reuters

Apr 20, 2016 at 06:15 | Source: FirstPost

Verizon Communications Inc (VZ.N) was set on Tuesday to advance to the second stage of bidding for Yahoo Inc's (YHOO.O) core assets, as the U.S. internet company went through offers to put together a short list, people familiar with the matter said. ...

Yahoo barely beats Wall Street view as offers trickle in for core business | Reuters

Apr 20, 2016 at 03:30 | Source: FirstPost

Yahoo Inc's (YHOO.O) first-quarter results beat Wall Street estimates by a hair but revenue dropped 11.3 percent, as the web-pioneer struggled to boost growth in the core online search and display advertising business that is in the processing of auc...

Yahoo revenue falls slightly less than expected| Reuters

Apr 20, 2016 at 02:45 | Source: FirstPost

Yahoo Inc's (YHOO.O) posted first-quarter revenue that beat analysts' estimates slightly, but the 11.3 percent decline shows the web pioneer's struggle to boost growth its core online search and display advertising business, which it is in the proces...

Wall Street nears record as quarterly reports roll in| Reuters

Apr 20, 2016 at 02:30 | Source: FirstPost

The S&P 500 climbed closer to a record high on Tuesday, lifted by energy stocks and a solid quarterly report from Johnson & Johnson.After dipping into negative territory and then recovering, the S&P 500 ended less than 2 percent short of ...

Yahoo reports 11.3 percent fall in revenue| Reuters

Apr 20, 2016 at 02:15 | Source: FirstPost

Yahoo Inc (YHOO.O) reported a 11.3 percent fall in total quarterly revenue on Tuesday as the web pioneer struggles to boost growth in its core search and display advertising business, which it is in the process of auctioning off. Yahoo's total rev...

Wall Street nears record terrain as quarterly reports roll in| Reuters

Apr 20, 2016 at 00:45 | Source: FirstPost

The S&P 500 rose towards a record high in a choppy session on Tuesday, lifted by energy stocks and a solid quarterly report from Johnson & Johnson.After dipping into negative territory and then recovering, the S&P 500 was less than 2 perc...

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