Tag Archives: yhoo

Yahoo OKs New $2 Billion Share Repurchase Program

Yahoo (YHOO) stock rose in after-hours trading Thursday after the Internet company announced that directors has approved an additional share repurchase program of $2 billion that will expire on March 31, 2018. Investors have been pushing Yahoo to use more of its proceeds from the Alibaba (BABA) IPO to buy back more stock. The company had said it would keep buying back stock to return cash to shareholders, AP reported. The new buyback program is in

Yahoo Cuts China R&D Site, Joins U.S. Tech Retreat

Joining other major tech firms that have recently made cuts to their China outposts, Yahoo (YHOO) reportedly is shuttering its Beijing research and development center, letting go several hundred employees in the process. The Sunnyvale, Calif.-based tech firm reportedly plans to consolidate some of those functions into fewer offices, according to the South China Morning Post. The Wall Street Journal said around 200-300 Yahoo workers will be laid

Google YouTube, Mobile Outlook Lead Price Target Hike

Google (GOOGL) might have more fuel in its engine than a lot of investors are giving the company credit for. The global search leader, whose stock price is down 6% from where it was a year ago, will continue to keep its lead over rivals Yahoo (YHOO) and Microsoft (MSFT) in the search business, says John Blackledge, an analyst for Cowen and Co. And it will do so, he says, while getting increasing mileage for its Android operating system