Shares of Yahoo dropped over 20 percent Wednesday, after Steve Ballmer told shareholders that the company was no longer interested in acquiring Yahoo. He reiterated that a partnership between the two companies would provide for interesting opportunities; however, he noted that no current discussions have been taking place.

CEO Jerry Yang has agreed to resign from Yahoo. Yang helped co-found the company nearly 13 years ago; however, after refusing a takeover bid from Microsoft, Yahoo's stock has suffered. The next CEO will be tasked with a daunting task of rebuilding Yahoo's declining advertising business and regain lost market share.

Yahoo Inc. reported a 64 percent drop in profits as the company continues to struggle with declining advertising sales. Its third quarter earnings fell to $54.3 million or 4 cents a share from $151.3 million or 11 cents a share for the same quarter a year prior. Yahoo stated that they plan to cut 10 percent of their workforce or nearly 1500 positions.

Yahoo is now considering eliminating as many as 1,000 companies as the company struggles to cut expenses. The company, who rejected Microsoft's takeover bid, is now cutting its expenses in order to deal with advertisers scaling back Internet promotions in a slowing economy. As a whole the online advertising industry may lose $6.7 billion in business due to the collapse of the financial markets.... More

Yahoo announced a new advertising system named APT. The new system is designed to make online display advertising much simpler than the current process as well as make Internet display advertising cheaper for publishers and advertisers. They are aiming to make online display advertising as efficient as Google's search based advertising.

Yahoo has signed an agreement with AT&T to become the default search engine for Internet searches made through AT&T's mobile Media Net service. Yahoo will introduce a new search service named Yahoo! oneSearch, which will advertise relevant ringtones, wallpaper, games, other mobile content within search results.

Shares of Yahoo have dropped to a five year low of $17.75 the lowest the stock has traded since October 2003. Bad news for management who continues to face strife over their justification for refusing Microsoft's $47.5 billion takeover offer. The offer would had been for $33 per share nearly double the price it is now trading at.

Amongst a growing concern for consumer privacy, Yahoo has agreed to allow users to turn off targeted advertising on its websites. Last week the House Committee on Energy and Commerce asked Yahoo as well as 32 other Internet companies to disclose information pertaining to the data they collect from its web users and how that data is used with advertising. The new move will make it much harder for... More

After a recount of shareholder votes, more then one third of all of Yahoo\'s shareholders voted against CEO Yang and Chairman Bostock. Originally, it was reported that there was only 14.6 percent of votes against Yang and only 20.5 percent against Bostock; however, the company released updated numbers stating that the original numbers were incorrect due to tabulation errors. The new numbers show... More

All of Yahoo's current directors who declined Microsoft take-over bid were re-elected Friday. Yang received only a 14.6 percent withhold vote. Yahoo's directors reassured stock holders that they acted in the best interests of the company by refusing Microsoft's takeover bid.

Yahoo has gained support from Legg Manson, who currently holds 4.4% ownership in the company. With this new support Carl Ichan's proxy fight to replace th current board members is now expected to fail as other shareholders are likely to follow Legg Mason.

In a surprising move, Yahoo has decided to allow universities and even competitors a crack at improving its search engine technology. It has released a new search engine platform dubbed BOSS, build your own search service, which allows a search infrastructure in which others can improve and build upon.

Yahoo investors are unsure rather or not to support Ichan. On the one hand they are happy to see a forced sell to Microsoft; however, they are concerned that Carl Ichan has no plan B. It is clear that Ichan plans to immediately replace Yahoo's current CEO Yang and reinstate negotiations with Microsoft; however, it is unclear what would happen to the company if the merger were to fall through again.... More

Carl Ichan who is looking to seal a takeover offer from Microsoft before Yahoo's annual board meeting on August 1st, has asked Yahoo to publicly offer to sell itself to Microsoft for $49.5 billion or $34.375 per share and to ditch the employee compensation package valued at $2.4 billion. Yang, current CEO at Yahoo, is currently in a tough spot over previous negotiations; however, this announcing the... More

Yahoo has rescheduled its annual shareholders meeting to Aug 1st and reiterated its recommendation for shareholders to not vote for Icahn's proxy fight. If the vote is successful, Icahn plans to remove current CEO Yang for not accepting Microsoft's bid. Icahn stated that he believes that Microsoft no longer trusts Yang, and that the company will no longer make a new offer unless Yang and the board... More