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Archive for January, 2008

Yahoo’s dethroned chief executive leaves board of directors (AFP)

Published January 31st, 2008 in Uncategorized. Closed

Yahoo Chairman and Chief Executive Officer Terry Semel at Yahoo headquarters in Sunnyvale, Califorina, in 2007. Semel left the struggling Internet firm's board of directors on Thursday. Semel's departure comes just two days after Yahoo revealed plans to lay off 1,000 employees as part of an effort to revitalize a company that analysts say strayed from its profitable strengths while Semel was at the helm.(AFP/File/Tony Avelar)AFP - Dethroned Yahoo chief executive Terry Semel left the struggling Internet firm’s board of directors on Thursday.

Yahoo’s Semel steps down as chairman (AP)

Published January 31st, 2008 in Uncategorized. Closed

Yahoo! chairman Terry Semel talks on his cell phone during lunch at the annual Allen and Co.'s media conference in this Wednesday, July 11, 2007, file photo in Sun Valley, Idaho. Semel stepped down as Yahoo Inc.'s chairman Thursday, Jan. 31, 2008, surrendering his position presiding over the slumping Internet icon's board 7? months after he resigned as chief executive under shareholder pressure. (AP Photo/Douglas C. Pizac)AP - Terry Semel stepped down as Yahoo Inc.’s chairman Thursday, severing his ties with the slumping Internet icon 7 1/2 months after he resigned as chief executive under shareholder pressure.

O2 bubble burst over comparison adverts (FT.com)

Published January 31st, 2008 in Uncategorized. Closed

FT.com - A four-year fight over bubbles between mobile phone operators 3 and O2 looks set to boost comparison advertising, following a European Union court opinion allowing companies to use rivals’ logos.

Amazon to buy Audible for $300 million (Reuters)

Published January 31st, 2008 in Uncategorized. Closed

Reuters - Online retailer Amazon.com Inc said on
Thursday it reached a deal to buy digital audio books provider
Audible Inc for about $300 million, aiming to bolster its audio
download offerings.

Electronic Arts lowers outlook, shares fall (Reuters)

Published January 31st, 2008 in Uncategorized. Closed

Reuters - Top video game publisher
Electronic Arts Inc lowered its profit forecast on
Thursday as it delayed “Mercenaries 2″ and a new “Battlefield”
title, sending its shares down 6 percent.


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