Yahoo announces it will lay off five per cent of its workforce following announcements that the company's net income fell by as much as 78 per cent in the first quarter of 2009
A Chinese journalist jailed in part due to e-mail evidence provided by a Yahoo Inc. subsidiary plans to file a lawsuit in the U.S. against the Internet company within the next few months.
Rival Internet service providers (ISPs) keen to acquire the once-ailing European operations of Time Warner Inc.'s America Online (AOL) division may have to look elsewhere to expand their operations.
Continuing its European expansion, Italy's Tiscali SpA agreed to acquire German ISP (Internet service provider) Planet-interkom for 77.1 million euros (US$68.4 million) in cash and stock, the company announced Thursday.