Boston, MA 02/12/2014 (wallstreetpr) – Yahoo! Inc. (NASDAQ:YHOO) is not abandoning search for content as it had been widely rumored. The company’s CEO Marissa Mayer speaking Tuesday at the Goldman Sachs technology conference sought to alley such fear, saying that the vast amount of information which the company had about its users was one of the most valuable things and perhaps reason enough why search was still a promising business. Having vast user information helps in selling of the so-called targeted ads which are more relevant to individuals and most preferred by advertising firms. Yahoo believes that it still has a lot of opportunities in Asia, especially China where its investment in Alibaba has been paying off very well. With Yahoo! Inc. (NASDAQ:YHOO) CEO saying that 80 percent of ad dollars still go to television, it means there is a lot of potential for digital ad spending to increase going forward, and Yahoo will be there to share that opportunity.
ConAgra Foods, Inc. (NYSE:CAG) announced Tuesday that it was lowering its financial guidance for fiscal 2014. The packaged food company is citing various challenges for this latest move and such include below per sales volumes in its consumer foods division and the weak performance in private brands segment. Thus, the company now has its earnings per share target set in the range of $2.22 – $2.25. That trails the previous estimate that was in the range of $2.34 – $2.38 per share. Yet, at least 15 analysts polled by Thomson Reuters have an average $2.34 per share estimate on the stock. The company’s CEO Gary Rodkin stated that although they are cutting down on their earnings view for the current fiscal, there are intensely focused on improving the business. However, restructuring which were taken into the private brands segment just before they acquired the business is causing delay in stabilizing performance in the segment. Shares of ConAgra Foods, Inc. (NYSE:CAG) went down over 6 percent on Tuesday.
AT&T Inc. (NYSE:T) could start offering competition for Comcast in Dexter Village if the ongoing talks in the village gives it a nod to do so. The company reportedly sent a franchise request to the village council and the letter is under review currently. Village officials would be interested in inviting competition for Comcast in order to improve services, expand coverage and reduce cost on such services such as high speed internet, video and telephone services. The view is that Dexter area isn’t being properly search well in these fronts currently and thus AT&T Inc. (NYSE:T) can bring that desired change.