A big Yahoo investor is asking for a leadership change at the beleaguered company and pushing for the spinoff of its core Internet business.
An investment fund with a stake in Yahoo called Monday for the struggling Internet firm to slash more than 80 percent of its workforce and replace chief executive Marissa Mayer.
Yahoo CEO Marissa Mayer has followed a major business announcement with some big personal news.
She is one of the biggest stars in Silicon Valley, but multimillionaire chief executive Marissa Mayer has her hands full trying to revive the fortunes of faded Internet pioneer Yahoo.
Among the best-known names on the Internet, Yahoo was one of the first companies that enabled users to find their way online, but it has lost its role as a leader.
Yahoo's long-running identity crisis is spiraling in a new direction now that the company is abandoning a year's work on a tax-dodging spinoff to pursue an alternative path that will carve off its Internet business instead.
Yahoo flipped its reorganization plan Wednesday, announcing it would keep its stake in China's Alibaba but spin off its core Internet business—creating new uncertainties for the struggling tech giant.
Yahoo has abandoned plans to spin off its large stake in Chinese online giant Alibaba, CNBC television reported Tuesday, citing unnamed sources.
Verizon's top executive on Tuesday left open the possibility that the US telecom giant could make a bid for Yahoo if the Internet firm puts itself up for sale.
A persistent question has dogged Yahoo Inc. for many years now: Can the beleaguered company turn itself around?