Yahoo to pay $50M, other costs for massive security breach
SAN FRANCISCO (AP) — Yahoo has agreed to pay $50 million in damages and provide two years of free credit-monitoring services to 200 million people whose email addresses and other personal information were stolen as part of the biggest security breach in history.
No one is immune from hacks, says former Yahoo CEO
WASHINGTON (AP) — Former Yahoo CEO Marissa Mayer told lawmakers Wednesday that the threat from state-sponsored hackers has changed the playing field so dramatically that even the best-defended companies can fall victim.
Mayer joined former and current CEOs of Equifax in testifying before a Senate committee examining recent data breaches that affected millions of Americans. Lawmakers said they hoped to use the information learned to shape future legislation.
Verizon Communications completed its $4.5 billion acquisition of Yahoo, making it the centerpiece of its new Oath subsidiary and installing Greenwich resident Tim Armstrong as CEO who plans to double Oath’s reach in less than three years.
SAN FRANCISCO (AP) — Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands.
Verizon closed its $4.48 billion purchase of Yahoo’s core business Tuesday, finalizing a deal mired by two massive hacks affecting more than 1 billion Yahoo accounts and marking the latest play by telecoms to challenge Silicon Valley’s dominance in online advertising.
NEW YORK (AP) — Women CEOs earned big bucks last year, but there's still very few of them running the world's largest companies.
The median pay for a female CEO was $13.1 million last year, up 9 percent from 2015, according to an analysis by executive data firm Equilar and The Associated Press. By comparison, male CEOs earned $11.4 million, also up 9 percent.
These are the 10 highest-paid women CEOs for 2016, as calculated by The Associated Press and Equilar, an executive data firm.
Clarification: Yahoo-Executives story
SAN FRANCISCO (AP) — In a story March 13, The Associated Press reported that more than 1 billion Yahoo users had been affected by two security breaches. The story should have specified that more than 1 billion user accounts had been broken into, as some accounts might have belonged to the same individuals.
SAN FRANCISCO (AP) — Yahoo is punishing CEO Marissa Mayer and parting ways with its top lawyer for the mishandling of two security breaches that exposed the personal information of more than 1 billion users and already have cost the company $350 million.
Mayer won't be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded her management team reacted too slowly to one breach discovered in 2014.
Yahoo’s 4Q shows modest strides amid security breach fallout
SAN FRANCISCO (AP) — Yahoo's financial performance improved slightly during the fourth quarter while the company dealt with the fallout from massive security breaches that have jeopardized the $4.8 billion sale of its internet operations to Verizon Communications.
Yahoo to change name, trim board if Verizon deal gets done
SAN FRANCISCO (AP) — Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through.
Yahoo suffers world’s biggest hack affecting 1 billion users
SAN FRANCISCO (AP) — Yahoo has discovered a 3-year-old security breach that enabled a hacker to compromise more than 1 billion user accounts, breaking the company's own humiliating record for the biggest security breach in history.
Yahoo hack steals personal info from at least 500M accounts
SAN FRANCISCO (AP) — Computer hackers swiped personal information from at least 500 million Yahoo accounts in what is believed to be the biggest digital break-in at an email provider.
The massive security breakdown disclosed Thursday poses new headaches for beleaguered Yahoo CEO Marissa Mayer as she scrambles to close a $4.8 billion sale to Verizon .
Yahoo CEO could reap $44 million if she leaves after sale
SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.
Mayer hasn't announced plans to leave, but industry observers say she's unlikely to stay after the $4.8 billion sale closes early next year.
NEW YORK (AP) — Marissa Mayer was a rarity: A major tech-company CEO who served while pregnant and, later, as a mother of young children. But her trailblazing has done little to meaningfully improve the second-class status of women in tech, a more deep-seated problem that will take many years — and certainly more than one person — to fix.
Like any CEO, Mayer really had one job: To run her company. Reviews on that are mixed at best. Her turnaround efforts largely...
Ending a storied chapter in Silicon Valley history, Verizon is the apparent winning bidder for Yahoo, agreeing to pay $4.8 billion for the troubled internet company.
An official announcement is expected before the market opens Monday, according to multiple news outlets.
The sale of the core internet business and some real estate caps five months of speculation about the fate of the once-mighty tech icon and highlights the dramatic fall of a company that had a market...
NEW YORK (AP) — Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source.
The deal is expected to be announced formally on Monday before markets open, the reports said.
Verizon had emerged in recent days as the front-runner for the beleaguered internet company. Yahoo is expected to sell its email service and news, finance and sports websites in addition to its advertising...
SAN FRANCISCO (AP) — Yahoo's latest earnings report leaves no doubt the internet company is stuck in a downward spiral.
The company managed to beat Wall Street's limited expectations for revenue in the April-June quarter. But after subtracting commissions paid to its partners, Yahoo said its revenue fell 19 percent from a year earlier, while its loss widened to $440 million.
Yahoo also reported Monday that it's writing down $482 million in charges related to the...