Yahoo Axis: The New Browser from Yahoo or How Haste Makes Waste / image via axis.yahoo.com

Yahoo’s recently launched browser managed the “performance” to receive, from its very beginnings, a black ball in terms of security!
Trying to divert attention from the recent dismissal of its executive director, Scott Thompson, Yahoo hastened to release on the market its new browser – Axis. But the proverb ‘haste makes waste’ proved to be perfectly true in this case, as users quickly passed …

Scott Thompson, former Yahoo CEO, is replaced by Ross Levinsohn (Image: AdMove2010 (CC) via Flickr)

Yahoo replaced CEO Scott Thompson after a committee confirmed he falsified his degree.
Scott Thompson is now replaced by interim CEO Ross Levinsohn, former executive vice president for Yahoo.
Daniel Loeb of Third Point, pressed Yahoo to change the company’s CEO. Scott Thompson’s degree was business administration with emphasis in accounting, and not accounting and computer science …

Yahoo investigates newly seated CEO Scott Thompson over tampered CV accusation. (Image: Yondel Anecdotal, via Flickr / CC)

Yahoo has started a probe about the academic credentials of its newly seated CEO Scott Thompson after allegations of CV fabrication.
According to Reuters, Dan Loeb, founder and chief executive of Third Point, Thompson “padded out” his claim of holding degrees in accounting and computer science from Stonehill College near Boston.
Loeb added that Thompson …

Yahoo to Shut Down Non-Core Products. (Image: Eric Hayes, via Flickr / CC)

Yahoo’s chief executive has confirmed plans to shut down several products not viewed as core to the company.
Scott Thompson late yesterday announced to analysts the company’s decision after presenting its financial report.
He says he posed the question: “How would we build Yahoo from the ground up if we were building it from scratch today?”
He consequently thought the answer would be “shutting down or …

Yahoo Brightens Up as Q1 Profits Rise 28% / image via EuroNews

Internet pioneer Yahoo! Inc. showed a 28% rise in its profits for the first quarter of the year, a definite bright light in the company’s faltering financial image as it battles it out for business leadership with today’s new Internet giants.
BBC News this morning said Yahoo! reported a net income of $286 million for its operations during the first three months of this year, from revenue of about $1.08 billion for the …

Google Sites have garnered the top spots to lead in comScore’s monthly analysis of the U.S. search marketplace for the month of March at 66.4 percent of search queries conducted.
The qSearch analysis of the U.S. explicit core search market in March released three days ago by the leading source of digital business analytics comScore, accounted Google Sites to be on the lead with 66.4 percent market share, followed by Microsoft Sites with 15.3 percent while Yahoo! Sites settled for 13.7 …

Yahoo to Open E-Commerce Division. (Image: gaku, via Flickr / CC)

Yahoo has announced that it will focus on e-commerce in an attempt to revive the one-time search engine leader’s fortunes.
The Internet giant, now helmed by former PayPal CEO Scott Thompson, said it will go forward to plough investments in email and media content but will create a new division designed for the e-commerce industry.
“To be very clear, our highest priority is winning in our core business, and that will …

Yahoo! CEO Discloses Reorganization Details for Troubled Internet Pioneer / image via USA Today

Fast and forward are the keywords describing some of the details of the reorganization announced Tuesday by Yahoo CEO Scott Thompson, even as the pioneering Internet company struggles to maintain its financial equilibrium in the face of sharp competition, particularly from emerging giants in the online business environment.
The Associated Press said Wednesday that the new structure for Yahoo, …

Facebook-Yahoo War Heats Up as Facebook Files Own Lawsuit / image via Digital Trends

The legal battle over patents between Internet pioneer Yahoo Inc. and social networking giant Facebook went up the temperature scale Tuesday as Facebook filed its countersuit in a court in San Francisco, CA.
Digital Trends, citing the Associated Press report, said that Facebook, in its own filing, asked the California court for a jury trial, and likewise sued for damages. It asked the court to dismiss …

Big Shareholder Who Did Not Get Board Seat Says Yahoo!’s Bypassing Him Is Illogical

Calling the decision ‘illogical’, major Yahoo shareholder Daniel Loeb, who has invested about $1 billion in the giant Internet company, said late Wednesday Yahoo was living in an Alice In Wonderland world after the firm denied him a seat in the board.
In a strongly worded letter to Yahoo CEO Scott Thompson, as reported this morning by the Associated Press in San Francisco, Loeb called attention to his …