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Yahoo confirmed plans today to lay off approximately 15 percent of its workforce. The company made the announcement in conjunction with its its fourth quarter earnings, where it reported revenue of $1.27 billion and earnings per share of 13 cents. That...

By Google News EMERGING MARKETS-Stocks, currencies fall after Fed’s Yellen signals rate hikes Reuters LONDON Jan 19 Emerging market stocks fell on Thursday and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen...

Asa Mathat As we head into Cisco’s fourth-quarter earnings report, the one question on everyone’s mind is: Is it time for the fourth annual bloodletting? Cisco has been in what CEO John Chambers has characterized as a constant state of restructuring...

Things aren’t so sweet on the home front for realtor.com as Zillow has in a sense evicted the official website of the National Association of Realtors out of the online real estate penthouse. Also, nasty litigation has ensued between Move, Inc. (the...

Yahoo! Inc. yesterday confirmed rumors that it’s to layoff 15 percent of its workforce and close down some of its online services as part of a major new turnaround plan. The struggling Web giant plans to focus its efforts on Mail, Search and Tumblr...