'Troubled' Yahoo may alter plans to return shareholders' money under new boss Mayer

   Aug 10, 10:11 am

London, Aug 10 (ANI): Embattled Internet firm Yahoo has suggested that it may alter plans to return money to shareholders under newly appointed chief executive Marissa Mayer.

Mayer, a former Google executive, is currently engaging in a strategic review of the company's business.

Yahoo said this review 'may lead to a re-evaluation of, or changes to, our current plans, including our restructuring plan,' the BBC reports.

The firm, under previous chief executives, promised to return cash to shareholders from a recent deal.

Mayer, 37, is the firm's third chief executive in the space of a year.

Yahoo has struggled in the face of increased competition from internet search rivals including Google, and the emergence of social giants such as Facebook.

The troubled company saw CEO Scott Thompson stepping down in May, after accusations that he put a fake computer degree on his CV.

Later in September 2011, CEO Carol Bartz was fired after two-and-a-half years in the post. (ANI)

President Karzai invites CII to set up healthcare and skill building centers in Afghanistan May 21, 5:30 pm
New Delhi, May 21 (ANI): In an exclusive interaction with a group of CII CEOs , President Karzai called for Indian Investment in prominent sectors including Healthcare, Agri business, Telecom and Capacity Building.
Full Story »
Hyundai Motor commences 'Trophy Tour' for ICC Champions Trophy 2013 May 21, 5:25 pm
New Delhi, May 21 (ANI-Business Wire India): Hyundai Motor India Limited (HMIL), a subsidiary of HMC, the fastest-growing automaker by brand and the official partner for International Cricket Council (ICC) today hosted an exclusive preview of the ICC Champions Trophy 2013 in Delhi at Ambience Mall, Vasant Kunj.
Full Story »
Beni advises SAIL to take corrective measures to complete projects on time May 21, 4:35 pm
New Delhi, May 21 (ANI): Union Minister for Steel Beni Prasad Verma, who reviewed the Quarter 4 and financial year 2012-13 performance of Steel Authority of India Limited (SAIL) here today, advised SAIL to take corrective measures to complete the projects on time.
Full Story »
Japan has many attractions for foreign tourists May 21, 3:55 pm
Tokyo, May 21 (ANI): "The Land of the Rising Sun" - Japan - attracts a large number of tourists from all over the world.
Full Story »
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY