Savage cost cutting helped Yahoo eke out slightly higher profits in the second quarter despite the internet company's sharpest fall in advertising revenues since the dot-com bust.
Yahoo made $141.4 million (£86.3 million) in the three months to the end of June compared with $131.2 million in the same period last year. Revenues fell 13% to $1.57 billion.
Bank of England Governor Sir Mervyn King has gained a major victory in his battle to bring down the spiralling cost of living as inflation...
Beleaguered Yellow Pages directories publisher Yell has seen its shares plunge as much as a quarter after a worse-than-expected slump in...
The future is looking copper-coloured for BHP Billiton and Rio Tinto after the mining giants announced plans to invest $4.5 billion (£2.9...
Long-suffering savers at last had some good news today when inflation fell below 4%, meaning there are now seven standard savings accounts...
City economists have raised doubts over the timing of the threat by rating agency Moody's to slash the UK's AAA sovereign credit score,...
Hotelier InterContinental Hotels is looking to emerging markets and especially China to drive future growth
Publisher Bloomsbury is to set up a new business in India to take advantage of rapidly growing demand from the country's English-speaking...
Thailand's worst flooding in 50 years last October will cost the Lloyd's of London insurance market $2.2 billion (£1.4 billion), it has...
Bank of Japan has added 10 trillion yen (£83 billion) to its 20 trillion yen pool of funds set aside for asset purchases in a surprise move
Industrial services group Brammer has posted a 41% jump in full-year pretax profit on strong demand
No one likes getting rejected on Valentine's Day
Morning:
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