March 26, 2016 |
Yahoo! Inc. investor Starboard Value LP nominated nine directors to replace the entire board at the struggling Web portal, which it contends has been mismanaged under chief executive officer Marissa Mayer. Starboard, a longtime critic of the company and an activist shareholder with 1.7 percent of Yahoo shares, nominated its chief executive officer, Jeffrey Smith, among others for election at Yahoo's annual meeting later this year, according to a letter to shareholders. With little progress to show for her revival efforts after more than three years, investors are losing patience with Mayer, who has presided over sluggish sales growth and failed to separate Yahoo's main Web business from its multibillion-dollar stake in Alibaba Group Holding Ltd. Starboard first began to call for changes in 2014 and recently stepped up criticism of management, even as Yahoo said it would consider alternatives, including the sale of the company's core operations.
December 19, 2014 |
Collins admits wrongdoing Stephen Collins kept silent when allegations surfaced two months ago that he has abused underage girls. The 7th Heaven actor finally has broken his silence in a statement to People mag, in which he admits, "Forty years ago, I did something terribly wrong that I deeply regret. I have been working to atone for it ever since. " Collins, 67, said that between 1973 and 1994, he molested three girls. For the last 20 years, he added, "I have not had an impulse to act out in any such way. " He also addressed the leak - reportedly by his ex-wife, Faye Grant - of an audiotape on which he confesses to child molestation.
November 27, 2013 |
Yahoo lands Katie Couric In a bid to bolster its online video news coverage, Yahoo has stolen Katie Couric away from ABC News, the site confirmed Monday. Online news, once limited to text and the occasional vid, is going up against TV with live video and anchored news shows. With a big name like Couric onboard, Yahoo can court advertisers aggressively, said the Hollywood Reporter. "Katie's depth of experience, her intellectual curiosity, and her charisma make her the perfect choice to anchor Yahoo News," Yahoo chief executive officer Marissa Mayer said.
July 17, 2013 |
Not much had been going right for Yahoo Inc. until last summer, when it lured Marissa Mayer away from Google to become its CEO. The move is shaping up as the best thing to happen to Yahoo since 2005, when it invested $1 billion in what was then a little-known Internet company in China, Alibaba. Mayer's magnetism and Alibaba's prosperity are now combining to transform Yahoo from a tale of woe into a comeback story that is winning over Silicon Valley and Wall Street. People are spending more time on Yahoo's flagship website.
May 21, 2013 |
NEW YORK - As a teenager, Tumblr chief executive officer David Karp would canvass the streets of the Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the computer-savvy youth decided to drop out to devote more time to his passion for technology. A few years later, Karp built Tumblr - the now-wildly popular blogging forum - from his tiny childhood bedroom, hunched over his laptop with bags of Tostitos. And on Saturday, the 26-year-old technology wunderkind returned home to inform his mother that Yahoo was buying Tumblr for $1.1 billion.
May 3, 2013 |
THE NAMES will continue to be floated out there as to whom the 76ers are going to interview for their vacant coaching position, many of the names listed here in the Daily News a couple of weeks ago. But the main priority right now is to solidify the front office, whether it is keeping who is there (such as general manager Tony DiLeo) or cleaning house. As majority owner Josh Harris said the day after the end of the season, "Everything is on the table. " And right now the main dish on the table is the front office, with the coaching decision a side dish.
April 13, 2013 |
The best part of the Philadelphia Zoo's new KidZooU exhibit, at least in the eyes of my two nieces, was the barnyard. As the two stood in the exhibit, they were surrounded by colorful (goat) kids, all nuzzling them in an attempt to reach the brushes the girls held. A short distance away, they marveled over the sheep wandering in their pen. An extremely loud donkey - which made the girls think of Shrek - let it be known that he needed some attention. Lest this sound like a typical children's petting zoo, realize this: KidZooU is all that you expect - and then a little more.
July 25, 2012 |
What if solvent Germany stops bailing out Europe and goes back to its own, stronger money? That would make German products cost more. But privately owned German industrial-sensor and controls maker IFM Electronic GmbH won't have that problem. The company dedicated its new factory and labs in Malvern on Monday, and is adding more abroad. "We make eight million sensors a year," said Roger Varma , head of the $700 million (in yearly sales) company's IFM Prover USA Inc.me off the line at IFM's factory in Tettnang, Germany.
May 16, 2012 |
SAN JOSE, Calif. — When Facebook goes public — as it's expected to do this week in what is almost certain to be the biggest stock debut for an Internet company — it will be more than a financial milestone. It will also reflect how tightly a company launched eight years ago in a college dorm room has been woven into the fabric of society. In its ability to shape how people around the world communicate, debate, shop, entertain, and inform themselves, Facebook may be the biggest technological advance since broadcast television.
May 9, 2012 |
Yahoo Inc. director Patti Hart plans to leave the board of the biggest U.S. Web portal amid questions over her role in hiring chief executive officer Scott Thompson. Hart said she won't seek reelection to the board, citing her duties as CEO of International Game Technology. She was asked by that company's board to step back from Yahoo because her work there could become a distraction, according to a statement from Hart and IGT chairman Philip Satre. Hart was a member of the Yahoo committee responsible for hiring Thompson, whose biography falsely stated he held a degree in computer science.