UPDATE 3-Yahoo posts lower profit, gives weak 2007 forecast

(Reuters) - SAN FRANCISCO, July 17 - Yahoo Inc.
reported a dip in quarterly profit on Tuesday as corporate
advertisers spent less on its online ads, and the company gave
a weaker-than-expected forecast for the rest of 2007.




Shares in the Internet media company fell 4.2 percent in
extended trade.


Read more at Reuters.com Market News

John Mackey panned Wild Oats on Web

(Reuters) - Company CEO John Mackey posted messages on a Yahoo! financial forum under the user name "rahodeb," according to a court document filed by the U.S. Federal Trade Commission and postings on Yahoo!




Mackey's messages painted a bright future for Whole Foods, the largest U.S. natural and organic grocer, and downplayed the threat posed by competitors.


Read more at Reuters.com Business News

New Yahoo CEO another Silicon Valley college dropout

(Reuters) - Yahoo, which Yang created as a graduate student at Stanford University to monitor his personal interests in the early days of the Web, is a far more complex business these days -- and one facing stiff challenges from arch-rival Google Inc.




It's a big step up for Yang. He has held the title of Chief Yahoo at the company for more than a decade, largely playing a role in managing key business development deals while leaving the top management powers to outside hires.


Read more at Reuters.com Mergers News