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Latest Business News: With Its $5 Billion Share Buyback Program, Yahoo Still Has A Big Pile Of Cash For Acquisitions

Wochit 0:53 mins

Yahoo just released its mixed Q2 earnings, and a few sentences may have given the answer everyone was waiting for ? yes, Yahoo still has plenty of cash to pursue more acquisitions. Evidence of this lies in the company's share buyback program. Tesla shares fell more than 14 percent after a Goldman Sachs analyst said they were likely overvalued. Yahoo's second-quarter results show Yahoo Inc.'s earnings climbed 46 percent, thanks to a major boost from an investment in Chinese Internet company Alibaba. But Yahoo's revenue fell 7 percent from last year, highlighting a recurring problem despite progress in the past year under CEO Marissa Mayer.

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