Yahoo Deterioration Deepens As Company Mulls Possible Sale
SAN FRANCISCO (AP) – Yahoo has hung out a “for sale” sign without doing much to improve its curb appeal.
The latest snapshot of the internet company’s deteriorating condition emerged late Tuesday with the release of its first-quarter report.
After subtracting ad commissions, Yahoo’s revenue fell 18 percent from to $859 million. It’s the largest decline in Yahoo’s quarterly net revenue since the company hired Marissa Mayer as its CEO nearly four years ago.
Yahoo lost $99 million during the period, compared with a $21 million profit last year.
Intel to Cut 12,000 Jobs as It Confronts Decline in PCs
SAN FRANCISCO (AP) – Intel says it will cut 12,000 jobs — about 11 percent of its workforce — as it reorganizes to confront a decline in sales of personal computers.
The chipmaker said the cuts will include “voluntary and involuntary departures” from its operations around the world. Most of the affected workers will be notified in the next 60 days.
Drugstore Chain CVS Pushes Convenience With Curbside Pickups
NEW YORK (AP) – CVS Health will spread its curbside pickup service to drugstores nationwide this year, as traditional retailers continue to hone their reputations for convenience and fight fierce competition online.
The nation’s second-largest drugstore chain has partnered with the technology firm Curbside to create CVS Express, a program that lets shoppers buy products with an app and then pick them up about an hour later at a nearby store, where an employee will deliver them to the car.