Yahoo Inc (NASDAQ:YHOO) is going to layoff 2,000 employees with hope of reviving the struggling internet giant. Its new Chief Executive Scott Thompson has resorted to job cuts to save hundreds of millions of dollars for the company. Yahoo! Inc. (NASDAQ:YHOO) net profit margin is 27.60% and weekly performance is -8.44%. On last trading day company shares ended up $33.76. Analysts mean target price for the company is $42.22. Yahoo! Inc. (NASDAQ:YHOO) distance from 50-day simple moving average (SMA50) is -7.20%.
Google Inc (NASDAQ:GOOGL) is launching the Little Box Challenge, which is an open competition to build small solar power inverters. Google is promising $1 million to the winners, but warns that it will not be easy. Google Inc (NASDAQ:GOOGL) shares advanced 1.24% in last trading session and ended the day on $526.62. Gross Margin is 57.80% and its return on assets is 12.00%. Google Inc (NASDAQ:GOOGL) quarterly performance is -10.64%.
Shares in AOL Inc. (NYSE:AOL) were rebounding 3.5% to $37.67 after the company’s stock tumbled 21% on Wednesday after net income trailed analysts’ expectations. The profit shortfall was largely tied to the expense of investing in the new advertising platforms and people that AOL has acquired and hired over the past 18 months. AOL, Inc. (NYSE:AOL) shares moved up 3.71% in last trading session and was closed at $37.74, while trading in range of $36.65 – $38.00. AOL, Inc. (NYSE:AOL) year to date (YTD) performance is -3.33%.
Multimedia entertainment studio Electus, an operating business of IAC/InterActiveCorp (NASDAQ:IACI) announced that Barracuda Television Productions has acquired the rights to The Drinking Man’s Diet, the 1964 bestseller that pioneered the low-carb weight loss revolution by encouraging men to lose weight the old-fashioned way – with a steady diet of red meat and booze. The book, which has sold more than 2.4 million copies in 13 languages worldwide, will celebrate its 50th anniversary this fall with a special cloth-bound edition. IAC/InterActiveCorp (NASDAQ:IACI) ended the last trading day at $63.69. Company weekly volatility is calculated as 3.40% and price to cash ratio as 5.07. IAC/InterActiveCorp (NASDAQ:IACI) showed a negative weekly performance of -2.11%.
Yahoo Japan Corp (OTCMKTS:YAHOY) surprised the telecommunications market in March by announcing it would acquire eAccess Ltd., operator of mobile Internet service Emobile, and personal handyphone service Willcom Inc. to start a cellphone carrier in June. YAHOO JAPAN CORP (OTCMKTS:YAHOY) On last trading day company shares ended up $8.50.