AOL

Yahoo earnings beat expectations on cusp of Verizon merger

San Francisco - Arab Today

Yahoo on Tuesday reported quarterly earnings that topped expectations as the pioneering internet firm remained on track to be bought by Verizon. Yahoo posted profit of $99 million in the first three months of this year on revenue of $1.3 billion, as compared to posting a loss on $1.09 billion in revenue in the same period last year. The California-basedRead more

AOL plus Yahoo to equal new Oath

San Francisco - Arab Today

AOL and Yahoo will be combined into a unit called Oath after telecom titan Verizon buys the pioneering internet firm, according to a tweet Monday by the AOL chief. Confirmation of a new name for what the world has long known as Yahoo was tweeted from a verified @timarmstrongaol account after reports of the new name leaked in US mediaRead more

Uber chief remains in driver's seat on road to change

San Francisco - Arab Today

Uber chief Travis Kalanick will remain in the driver's seat as the scandal-tainted on-demand ride service tries to plot a friendlier course with workers, riders and drivers. Board member Arianna Huffington joined executives Tuesday to update journalists on efforts to steady the wheel at the San Francisco-based firm, with help from a second in command to be brought on asRead more

US VP defends his personal email use as Indiana governor

Washington - ArabToday

U.S. Vice President Mike Pence on Friday defended his use of a personal email account to deal with state work as Indiana governor, rejecting any comparison with the email woes of former Secretary of State Hillary Clinton. "There's no comparison whatsoever between Hillary Clinton's practice -- having a private server, mishandling classified information, destroying emails when they were requested byRead more

Yahoo selling internet assets for $4.8bn to Verizon

San Francisco - AFP

Yahoo agreed to sell its core assets to telecom giant Verizon for $4.8 billion, ending a 20-year run by the internet pioneer as an independent company, the firms announced Monday. Verizon chief executive Lowell McAdam said Yahoo would be integrated into its recently acquired AOL unit to create "a top global mobile media company, and help accelerate our revenue streamRead more