Tuesday, July 17, 2007

Yahoo posts lower profit, gives weak 2007 forecast

(Reuters) - Shares in the Internet media company fell 4.2 percent in extended trade.




Jerry Yang, the company's co-founder who took the CEO job in a June management shakeup, promised a new strategic plan as he sought to convince investors he is open to change and able to take on rapidly growing rival Google Inc. .


Read more at Reuters.com Business News

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