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Jan.10 -- Oath CEO Tim Armstrong discusses a deal to stream NFL playoff games on Yahoo Sports and the need for more content deals. He speaks on "Bloomberg Markets."
Oct.03 -- Yahoo now believes a 2013 security breach exposed all 3 billion of its users at the time. Bloomberg's Crayton Harris reports on "Bloomberg Daybreak: Asia."
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In a decision on Friday night, U.S. District Judge Lucy Koh in San Jose, California rejected a bid by Verizon Communications Inc, which bought Yahoo's Internet business last June, to dismiss many claims, including for negligence and breach of contract. Yahoo was accused of being too slow to disclose three data breaches that occurred from 2013 and 2016, increasing users' risk of identity theft and requiring them to spend money on credit freeze, monitoring and other protection services. The breaches were revealed after New York-based Verizon agreed to buy Yahoo's Internet business, and prompted a cut in the purchase price to about $4.5 billion.
This alternative to simply owning Alibaba skyrocketed last year as the Chinese e-commerce titan's stock doubled in value.
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Short interest is extremely low for AABA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AABA. The net inflows of $4.83 billion over the last one-month into ETFs that hold AABA are not among the highest of the last year and have been slowing.
Karim Baratov pleaded guilty to charges returned by a grand jury in the Northern District of California in February for hacking email accounts and selling the passwords to an agent of Russia's intelligence agency, the department said in a statement. Baratov, a 22-year-old Canadian citizen born in Kazakhstan, was arrested in Canada in March at the request of U.S. prosecutors. The Justice Department announced charges in March against Baratov and three other men, including two officers in Russia's Federal Security Service, or FSB, for their roles in the 2014 theft of 500 million Yahoo accounts.
The hyper-focused investment firm's top holding is soaring in 2017.
Former Yahoo Chief Executive Marissa Mayer apologised on Wednesday for two massive data breaches at the internet company, blaming Russian agents for at least one of them, at a hearing on the growing number of cyber attacks on major U.S. companies. "As CEO, these thefts occurred during my tenure, and I want to sincerely apologise to each and every one of our users,” she told the Senate Commerce Committee, testifying alongside the interim and former CEOs of Equifax Inc (EFX.N) and a senior Verizon Communications Inc (VZ.N) executive.
Former Yahoo Chief Executive Marissa Mayer apologised on Wednesday for two massive data breaches at the internet company, blaming Russian agents for at least one of them, at a hearing on the growing number of cyber attacks on major U.S. companies. "As CEO, these thefts occurred during my tenure, and I want to sincerely apologise to each and every one of our users,” she told the Senate Commerce Committee, testifying alongside the interim and former CEOs of Equifax Inc (EFX.N) and a senior Verizon Communications Inc (VZ.N) executive.
The Commerce Committee wants the former CEO to talk about 2013's massive breach.
They drove the world wide web's evolution.
The top court in Massachusetts ruled against Yahoo on Monday by concluding that federal law does not bar it from providing the representatives of an deceased man's estate access to his email account. The Massachusetts Supreme Judicial Court's decision marked a victory for two people who fought Yahoo for years after their brother's death in 2006, seeking access to contents of his email account.
Altaba Inc (NASDAQ:AABA) generated a below-average return on equity of 4.73% in the past 12 months, while its industry returned 10.09%. Though AABA’s recent performance is underwhelming, it is usefulRead More...
Verizon's top-ranking female exec will leave the company in February.
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The news expands the likely number and claims of class action lawsuits by shareholders and Yahoo account holders, they said. Yahoo, the early face of the internet for many in the world, already faced at least 41 consumer class-action lawsuits in U.S. federal and state courts, according to company securities filing in May. John Yanchunis, a lawyer representing some of the affected Yahoo users, said a federal judge who allowed the case to go forward still had asked for more information to justify his clients' claims.
Short interest is extremely low for AABA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AABA. Over the last one-month, outflows of investor capital in ETFs holding AABA totaled $853 million.
Starboard Value Jeffrey Smith pitched store-brand pharmaceutical company Perrigo as his best investment idea now, during a conference Tuesday.
Brand would be applied to Cuban's stealthy chat app.
The company was hailed as a privacy rights hero last year.