Technology, Portal | featured news

The Internet company signed a deal for exclusive streaming rights to past episodes of “Saturday Night Live” to gain an edge in a small market for digital video advertising.

Yahoo said its profit rose 36% as the struggling Internet pioneer showed signs of continuing its slow but steady rebound under Mayer. But its shares fell after-hours on signs of decay in sales of display ads.

Yahoo is expected soon to hire a new chief of its crucial Americas division from Internet rival AOL Inc., said a person familiar with the matter. Ned Brody, who was the top advertising-sales executive at AOL, has resigned from the post to pursue "other opportunities," AOL said on Thursday in a filing with the Securities and Exchange Commission.

AOL has been the sad sack of online media for so long now that it almost makes Yahoo look good. But at least the latest quarter showed the first year-over-year revenue growth in eight years–eight!–so it’s worth looking a little more closely at whether CEO Tim Armstrong has a handle on what can bring the Internet pioneer back from irrelevance.

Notorious for flubbing solid acquisitions, Yahoo has bought six small companies under Marissa Mayer in an attempt to cultivate not only innovative technologies, but the engineers who run them.

The Yahoo evolution continues - this time with a few more swings of the axe.
Friday, Yahoo announced that it would be sunsetting a handful of its products in a move consistent with CEO Marissa Mayer's plan to aggressively prune the unruly conglomerate.

The virtual water cooler, it seems, has nothing on the real thing. Yahoo! CEO Marissa Mayer has decided that the company will no longer abide by its long-standing practice of using employees who telecommute to work each day.

Yahoo has named former PayPal cofounder Max Levchin to its board of directors, as two other board members are stepping down. The addition of Levchin, a well-known Silicon Valley technology executive, is another move towards Marissa Mayer‘s efforts to revamp Yahoo with a technology focus.

NBC Sports Group and Yahoo have announced a content deal that combines the website's sports reporting with its partner's digital assets and television access.

Yahoo Inc believes it has "numerous" grounds to appeal a Mexico City civil court's $2.7 billion preliminary judgment against the company, including both errors in procedure and in application of law, a person familiar with the matter told Reuters on Monday.