Yahoo! ordered to pay $2.7 bn by Mexican court

Yahoo! said Friday it was ordered to pay $2.7 billion by a Mexican court in a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service.

Yahoo! said Friday it was ordered to pay $2.7 billion by a Mexican court in a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service.

Yahoo! on Tuesday revealed that it will dump products in a quest to return the faded Internet star to glory.

HONG KONG—Alibaba Group Chairman Jack Ma said Thursday he expects an answer from Yahoo! within weeks to his long-standing offer to buy all or part of the US Internet giant, saying delays were hurting both firms. The Chinese entrepreneur denied reports he had a $20 billion war chest ready for Yahoo!, but added that money [...]
NEW YORK – Yahoo! chief executive Carol Bartz said Thursday that progress is being made in resolving a dispute with partner Alibaba over ownership of online payments service Alipay. “We believe we’re making significant progress,” Bartz told financial analysts under questioning about the situation with Alipay and Alibaba, the Chinese e-commerce giant in which Yahoo! [...]