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26682Yahoo's Downward Slide!

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  • Chris J Brady
    Jan 29, 2014
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      BBC News

      28 January 2014 Last updated at 22:33

      Yahoo shares slide on declining revenue

      Internet search firm Yahoo reported a drop in revenue for the fourth straight quarter, prompting shares to fall more than 5% in after-hours trading.

      Revenue for display ads was down 6% compared to same period last year and Yahoo struggled to woo advertisers from rivals Facebook and Google.

      Meanwhile, profits were up 28% to $348m (£210m) from October to December.

      But analysts say higher earnings are due to cost savings and investment in two Asian internet firms.



      16 January 2014 Last updated at 02:20

      Yahoo's chief operating officer in surprise departure

      Yahoo's chief operating officer has unexpectedly departed the company just over a year after he was hired to turn its advertising business around.

      Henrique de Castro, Yahoo's second most senior executive, is leaving this week. No reason was given.

      His departure deals a blow to the firm's efforts to revive flagging sales and internet traffic in the face of increased competition from rival sites.

      It may also be an expensive loss for chief executive Marissa Mayer.