Yahoo to cut 1,400 jobs
NEW YORK (AFP) — Yahoo announced plans on Tuesday to lay off at least 10 percent of its workforce, some 1,400 employees, as the weak economy cut deeply into third-quarter profits at the struggling Web company.
Yahoo said net profit for the third-quarter of the year was 54 million dollars, or four cents per share, down from 151 million dollars and 11 cents per share during the same period of 2007.
It said revenues Read the rest of this entry »
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this summer, and today the Internet scrutiny moved Apple's
A report from CNN's iReport, a citizen journalism site with the tag line "Unedited. Unfiltered. News," ran a headline saying Jobs was rushed to the hospital after a heart attack.
. The story has been pulled from iReport. (
was on this early today.)
So what to make of this blip in the news cycle? It's an instructive lesson for investors. The scare is just another example of how quickly Read the rest of this entry »