Yahoo says laying off nearly 700 workers will cost $30M to $34M in 2nd-quarter charges

July 21st, 2009 Yahoo 2Q profit up 8 pct, yet ad slump continuesSAN FRANCISCO — Yahoo Inc. eked out a slightly higher profit in the second quarter as its new, no-nonsense chief executive cut enough expenses to shake off the Internet company's sharpest drop in ad revenue since the dot-com bust.

August 20th, 2009 Accenture laying off some 336 executivesNEW YORK — Business consultant and outsourcing company Accenture says it will cut some 336 senior-level executive positions as part of a broad-based restructuring effort. The layoffs total about 7 percent of Accenture Ltd.'s 4,800 senior executives.

July 22nd, 2009 On The Call: Yahoo CEO Carol BartzYahoo sometimes confuses analysts by lowering its expenses only to wipe out some of the savings by increasing spending later. It looks like that is about to happen again.

March 27th, 2009 TORONTO - IBM Canada, which has 19,600 employees on its rolls, announced Thursday that it is axing a number of jobs to contain costs. The US software giant, which is reportedly in the process of laying off 5,000 staff in America and transferring a lot of them to India, said the Canadian cuts will affect the staff from customer care positions to executives.

April 28th, 2009 Sun's loss widens on restructuring, slumping salesSAN FRANCISCO — Sun Microsystems Inc.'s loss ballooned in the latest quarter as restructuring charges and a 20 percent drop in sales compounded the financial woes Oracle Corp. is set to inherit by acquiring Sun for $7.4 billion.

July 22nd, 2009 Yahoo to spend more after cost cuts lift 2Q profitSAN FRANCISCO — Carol Bartz has already shown off her cost-cutting skills in her first six months as Yahoo Inc.'s chief executive. Now, she will try to prove she isn't making a a bad bet by spending more money while the Internet company's advertising sales are still sagging.

April 29th, 2009 As Oracle readies takeover, Sun's loss widensSAN FRANCISCO — Sun Microsystems Inc.'s loss ballooned in the latest quarter as restructuring charges and a 20 percent drop in sales compounded the financial woes Oracle Corp. is set to inherit by acquiring Sun for $7.4 billion.

July 21st, 2009 Yahoo 2Q profit rises 8 pct despite weak ad salesSAN FRANCISCO — Yahoo Inc. eked out a slightly higher profit in the second quarter as its new, no-nonsense chief executive cut enough expenses to shake off the Internet company's sharpest drop in ad revenue since the dot-com bust.

August 5th, 2009 Microsoft to hire at least 400 Yahoo workersSAN FRANCISCO — Microsoft Corp. will hire at least 400 workers from Yahoo Inc.

August 20th, 2009 DivX says it has settled lawsuit with YahooSAN DIEGO — Video technology company DivX Inc. said Wednesday it has settled a lawsuit over a license and distribution deal with Yahoo, and raised its financial outlook for the third quarter.

July 28th, 2009 Check Point 2Q profit down slightly; tops forecastREDWOOD CITY, Calif. — Check Point Software Technologies Ltd., which makes Internet security products, said Tuesday its second-quarter profit slipped nearly 5 percent on one-time charges.

May 29th, 2009 General Motors, Yahoo, Tiffany are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE General Motors Corp., down 37 cents to 75 cents The UAW union approved a cost-cutting pact with the automaker, but a filing for bankruptcy protection was still expected by Monday. J. Crew Group Inc., up $5.40 at $25.86 The apparel retailer's strong first-quarter results, including higher sales and customer traffic, signaled a rebound from a tough 2008.

January 27th, 2009 SAN FRANCISCO - Troubled Internet pioneer Yahoo! swung to a quarterly loss Tuesday because of severance pay and write downs on its European properties. Despite recording a $303 million loss in the fourth quarter, the company's results beat expectations as its revenues and operating profit held up well in the dire economic climate.

April 22nd, 2009 Yahoo's feeble 1Q triggers nearly 700 more layoffs Yahoo Inc.'s first-quarter results tread familiar ground as the Internet company's financial erosion triggered another round of layoffs and management promised better days ahead. With its three-year slump worsening, Yahoo said Tuesday that it will lay off nearly 700 workers.

March 12th, 2009 WASHINGTON - Tennessee University student, who was accused of hacking into Alaska Governor Sarah Palin's personal e-mail account, has been framed with three fresh charges apart from the charge of alleged hacking. David Kernell, the son of Democratic Tennessee state legislator, was charged with unlawfully transmitting electronic information, fraud and attempting to impede an FBI investigation.