Tag Archives: Yahoo

So long, Yahoo. Hello … Altaba?

Timeline: The rise and fall of Yahoo What on earth is Altaba? This odd-sounding moniker (AltabaVista? Jessica Altaba?) is the new name for what’s left of Yahoo. The core business of Yahoo is now owned by Verizon — and it is becoming part of a separate unit of the telecom giant called Oath, which also includes AOL. But Yahoo shares are still trading on Wall Street. Sorta. Yahoo sold its digital properties, like its fantasy sports, finance and news websites, as well as Yahoo Mail, Tumblr and Flickr, to Verizon(VZ, ...

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Marissa Mayer leaves Yahoo with nearly $260 million

Timeline: The rise and fall of Yahoo All of the websites owned by Yahoo are now officially part of Verizon. And former Yahoo CEO Marissa Mayer, who famously left Google to take over the Purple Portal, is walking away from the company with a pretty sweet deal. Nearly $ 260 million. According to recent filings with the Securities and Exchange Commission, Mayer owned about 4.5 million shares of Yahoo, including options and restricted stock units. Yahoo(YHOO, Tech30) stock was trading at about $ 52.50 midday Tuesday. So that makes Mayer’s ...

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Who the Russian hackers targeted when they stole Yahoo emails

DOJ: Russian agents behind Yahoo cyberattack Two Russian spies and two notorious cybercriminals hacked Yahoo and used the stolen information for targeted attacks, according to indictments the Justice Department announced on Wednesday. According to court documents, the hackers — who allegedly compromised 500 million Yahoo accounts in 2014, in one of the largest breaches in history — targeted people through both individual hacks and spam campaigns that impacted a broader audience. The specific individuals targeted included diplomats, executives and an investigative reporter. The hackers also launched campaigns against large groups ...

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FBI charges Russian spies over Yahoo hack

When the news of Yahoo’s massive hack began to break last year — we can forgive you if you don’t remember which one that is, since there’ve been so many — the company attempted to perform damage control by claiming this was the work of foreign operatives. These claims were initially met with disdain — there was no evidence, at the time, of foreign involvement. Now the FBI says that there was, and it’s named a group of hackers to its “most wanted” list: Karim Baratov, 22, a Canadian and ...

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Yahoo now expects sale to Verizon to be delayed

Timeline: The rise and fall of Yahoo It’s the saga that never ends. Yahoo’s (YHOO, Tech30) sale to Verizon (VZ, Tech30) is now expected to close in the second quarter of this year, a delay from initial plans to close the deal this quarter. “Given work required to meet closing conditions, the transaction is now expected to close in Q2 of 2017,” Yahoo said in a statement included in its fourth quarter earnings report. “The company is working expeditiously to close the transaction as soon as practicable in Q2.” The ...

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Auto sector shines; Pound slumps; Yahoo in focus

Click chart for in-depth premarket data. 1. Auto sector shines: Top global automakers are going to be in the headlines throughout the day as they make announcements at the Detroit auto show. General Motors (GM) CEO Mary Barra will be presenting details on her expectations for the company and sector. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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Marissa Mayer to resign from Yahoo board after sale

Timeline: The rise and fall of Yahoo Marissa Mayer will step down from Yahoo’s board of directors if its sale to Verizon goes through, according to a company filing on Monday. The Yahoo CEO’s pending resignation from the board is part of a broader restructuring. After completing the $ 4.8 billion sale of its core Internet assets to Verizon (VZ, Tech30), what remains of Yahoo (YHOO, Tech30) will effectively be converted into an investment company for its Alibaba (BABA, Tech30) holdings. Fittingly, that company will be renamed Altaba, according to ...

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Yahoo announces over a billion user accounts compromised in security hacks

Well, this is just dandy. Earlier this year, Yahoo announced that it had suffered one of the largest hacks in history, with up to 500 million user accounts affected. Now, the company has come clean about an even bigger hack that happened a year earlier and exposed sensitive information on approximately one billion accounts. The most surprising thing about this, of course, is that one billion people had Yahoo accounts to start with. Here’s where things take a further detour into the ridiculous. In September 2016 we found out about ...

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Yahoo hacked; Fed reaction; Venezuela's new cash

1. Yahoo hacking: Shares in Yahoo (YHOO, Tech30) are slated to drop Thursday after the company admitted to another hack that may have affected more than 1 billion accounts. The breach dates back to 2013 and is thought to be separate from a massive cybersecurity incident announced in September. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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Markets sustain Trump-mentum; Yahoo deal in doubt; Yuan slides

Click chart for in-depth premarket data. 1. Trump rally continues: Markets around the world continue to rise after Donald Trump’s election victory. After some initial jitters over a Trump win, traders have regained their composure and pushed stocks higher. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

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