New Yahoo! Inc. CEO Scott Thompson cleared an important hurdle this week, hosting his first earnings call since taking over the struggling company and reporting stronger-than-expected profits.
Coupon website Groupon Inc. filed Thursday to go public, looking to raise up to $750 million. The two-and-a-half-year-old Chicago-based company turned down a $6 billion takeover offer from Google Inc. last year and instead sought to pursue a public offering. After the craze of LinkedIn’s IPO, Groupon’s IPO is deemed to be another sign for a tech bubble by many people.
Given all the contention with the Google vs. China war, there’s a lot to be lost: Google can lose an estimated $300 million to $600 million if it pulls out of the country, China’s image can be further tarnished on the human-rights front. At least one company will benefit tremendously from this conflict, and it is the search-engine giant in China: Baidu Inc.
BY SHAHZAD CHAUDHARY – MEDILL REPORTS
I first noticed these signs a couple of days ago when I was driving West on Chicago’s I-290: giant billboards promoting Google’s ‘Apps at work.’ Google has launched a massive campaign to promote its business applications (Google Docs, G-mail, Spreadsheet, Presentation) with its cross-hairs set right on Microsoft.
Every day, for one [...]
The highly anticipated deal between Microsoft and Yahoo drew opposite reactions from their share holders.
BY YEWON KANG – MEDILL NEWS SERVICE
The market’s decision on the highly anticipated deal between Microsoft Corp. [[MSFT]] and Yahoo! Inc. [[YHOO]], announced early Wednesday? Microsoft, the winner, and Yahoo the loser.
Microsoft’s shares closed up 33 cents, or [...]