BUSINESS
November 3, 2011
The Woodland Hills, Calif., company, which helps businesses buy online advertising, cut its full-year revenue forecast to no more than $376 million. That would be below the average analyst estimate of $385.9 million. The shares plunged 28 percent for the biggest retreat in the Russell 2000 index.
BUSINESS
April 13, 2009 | Associated Press
NEW YORK - Inspiration comes in many forms, and in the case of James Everingham, it appeared as a pair of knockoff Christian Dior shoes. His vision ultimately became Pixazza, an online advertising start-up that converts photos on websites into interactive advertisements. Mouse over an image, and tiny price tags appear; hover on top of one, and a balloon pops up with images and links to similar items you can buy online. Even Google Inc. is interested: The online advertising and search leader, through its new venture-capital fund, is among those that have invested a combined $5.8 million in...
BUSINESS
August 18, 2006 | Associated Press
NEW YORK -- Time Warner Inc. said yesterday it will restate financial results after an independent auditor found problems with the way it accounted for a number of transactions in 2000 and 2001, mainly involving online advertising. The restatement came as part of a settlement with the Securities and Exchange Commission which was disclosed in March 2005 and required the company to pay a $300 million penalty. Under the agreement, Time Warner also agreed to appoint an independent examiner to review the historical accounting for several transactions, including three...
BUSINESS
April 5, 2012 | By Brian Womack
April 4 (Bloomberg) -- Yahoo! Inc., the largest U.S. Web portal, is eliminating about 2,000 jobs, or 14 percent of its workforce, to help Chief Executive Officer Scott Thompson cut costs and refocus. The company will get savings of about $375 million annually from the cutbacks, Sunnyvale, California-based Yahoo said today in a statement. Yahoo, which had 14,100 full-time employees at the end of last year, expects to record a pretax expense of $125 million to $145 million -- with the majority coming in the second quarter.
A&E
May 24, 2012 | Cain Burdeau, Associated Press
The Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week starting in the fall. The change means New Orleans would become the largest metro area in the nation without a daily newspaper in the digital age. The changes announced Thursday were combined with similar moves at three major Alabama daily newspapers also owned by the Newhouse family group's Advance Publications.
BUSINESS
July 10, 2008 | Associated Press
WASHINGTON - Microsoft Corp. and Google Inc. told lawmakers yesterday that Congress should pass basic privacy legislation to protect information about consumers, such as the data being gathered on Web surfing habits in order to pinpoint Internet ads. At a Senate Commerce Committee hearing on online advertising, representatives of the two technology rivals said meaningful privacy rules should be based on three core principles: Consumers should...