The struggling internet giant poaches a top executive from rival Google, but doubts linger that anyone can revive Yahoo's fortunes
This week, Yahoo (YHOO) announced that Google executive Marissa Mayer, 37, would be Yahoo's new CEO, a move that is being hailed as a"surprising coup" for the struggling internet company, which for many years has been fighting a losing battle against Google (GOOG) and Facebook (FB) for online ad dollars. Mayer was Google's 20th employee and first female engineer, and oversaw some of its most popular products, including its eponymous search engine, Gmail, Google News, Google Images, and Google Maps. Mayer is a trailblazing advocate for breaking the glass ceiling in corporate America (and also happens to be pregnant), and is widely seen as a high-profile personality who can capture the attention of the media and investors alike. However, she'll face no shortage of obstacles at Yahoo, which has burned through four full-time CEOs in five years.
Can Mayer turn things around?
The company is trading near record highs in front of earnings. Can it deliver, or will it come up short?
The countdown begins. On July 24, virtually all of Wall Street will zero in on Apple's (AAPL) earnings after the closing bell.
Apple is expected to report another fantastic quarter for shareholders. The consensus estimate for the third-quarter earnings is currently $10.37 a share, an improvement of $2.58 (24.9%) from $7.79 during the same period last year.
Investors are keen to hear more about the Apple iPad Mini. Here's a roundup of the latest chatter about the rumored device.
Rumors that Apple (AAPL) is moving ahead with development of an iPad Mini continue to abound the Internet, and that's got folks speculating about what the device will look like and what features it's likely to include.
As a service to TheStreet's readers, we've decided to round up some of the more intriguing Apple iPad Mini chatter that's making the rounds in the blogosphere.
Fans are fawning over the Ouya, an independent, open-source game system that's already attracted over $4 million in funding on Kickstarter.
An ambitious little Kickstarter project has ballooned into a multi-million dollar video game venture. Meet the Ouya, a $99 Android-powered gaming console that could well turn the gaming industry on its head. Here's what you should know about the system, which has already raised more than a record $4 million from backers:
As with RIM, the media company is starting to feel the pressure that comes with being a market leader.
Warren Buffett once said, "The key to investing is not assessing how much an industry is going to affect society, or how much it will grow but, rather, determining the competitive advantage of any given company and how long it can maintain that advantage.
In other words, Buffett believes in investing in monopolies. While these are hard to come by, there are some companies, such as Sirius XM (XM), the only satellite radio company in the U.S., that come pretty darn close.
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The S&P 500 futures continue to hover near their flat line.
The major Asian markets ended in mixed fashion as China (-0.6%) and Hong Kong (-1.1%) registered losses amid ongoing worries regarding the health of the liquidity-starved Chinese financial system. As a result, the short term repurchase rates have climbed to levels not seen in more than a year. Elsewhere, Japan's Nikkei settled ... More
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