Tag Archives: NYSE:AOL

Yahoo (NASDAQ:YHOO) Expands Portfolio with Tumblr Acquisition; $1.1 Billion Pact

The Sunnyvale, California-based Yahoo! Inc (NASDAQ:YHOO) is acquiring blogging network Tumblr Inc, headquartered in New York, for almost $1.1 billion as CEO Marissa Mayer tries to attract more users and advertisers with her priciest acquisition to date.

Yahoo, the biggest …

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Yahoo (NASDAQ:YHOO) Board Approves $1.1 Billion Tumblr Acquisition – YHOO, GOOG, AOL, MSFT

The Wall Street Journal announced on Sunday that the Sunnyvale, California based Yahoo! Inc’s (NASDAQ:YHOO) board of directors has supported the $1.1 billion, all-cash purchase of the blogging site Tumblr.

On Saturday, the board had been reported ready to meet …

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AOL’s (NYSE:AOL) Patch Unit Chief Executive Jon Brod to Step Down – AOL, CBS, MCHX, IACI

Chief executive officer of AOL, Inc’s (NYSE:AOL) local-news division Patch Jon Brod is departing from the position and will return to AOL Ventures, the investment business.

AOL chief executive officer Tim Armstrong reported in an internal memo obtained by Bloomberg …

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Goldman Sachs Lifts Price Target on Yahoo (NASDAQ:YHOO)

The SUNNYVALE, California based Yahoo! Inc (NASDAQ:YHOO) price target was lifted to $30 from $27 by Goldman Sachs Group, Inc (NYSE:GS) on Tuesday.

Goldman Sachs analyst Heath Terry said that the higher price target was owing to a boost in …

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AOL Inc.’s (NYSE:AOL) Logs Healthy Quarterly Figures, Huntington Ingalls (NYSE:HII) Margins Soars in Q1

business 6AOL Inc.’s (NYSE:AOL) reported that its first-quarter earnings jumped up 23% as the firm’s advertising revenue persisted to climb, overshadowing a decline in revenue carried in from Internet-access subscriptions.

For the recent period, AOL reported that its advertising revenue jumped …

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Services Sector Highlights: Mcgraw-Hill (NYSE:MHP), Time Warner Cable (NYSE:TWC) – MHP, TWX, AOL, MCRI, MDCA, CETV

Services sector reacted positively on Monday’s trading session and sector moved up +0.58%. If we consider key movers of this sector so Monarch Casino & Resort, Inc (NASDAQ:MCRI) and MDC Partners Inc (USA) (NASDAQ:MDCA) were major percentage gainers while key …

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