TITLE

Yahoo Posts $303M Loss on Charges

AUTHOR(S)
Schachter, Ken
PUB. DATE
January 2009
SOURCE
Red Herring;1/27/2009, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Carol Bartz, the new chief executive officer (CEO) of Yahoo!, ruled out wholesale dismemberment of the company as it experienced a loss during the fourth quarter in 2008. In after-hours trading, the company's shares increased to $11.34. Bartz stressed the value of the company's search business and the need to get value if any transaction were consummated. The company experienced a net loss of $303 million. Factors that contributed to this loss include its goodwill impairment charges related to its European operations and Microsoft's failed bid to acquire the company.
ACCESSION #
36602923

 

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