SAN FRANCISCO — Yahoo, facing investors’ demands for radical action, said on Tuesday that it would explore “strategic alternatives” including a sale of some assets, something it was resisting as recently as December.
But Yahoo hopes it really will not come to that. The company also outlined a plan to “simplify” itself by shedding assets, cutting expenses and focusing on just a few areas where growth seems promising.
15:45 Warren Buffett rails against fee-hungry Wall Street managers10
13:09 JCPenney shuttering up to 140 stores as sales weaken, more sluggish growth seen ahead14
12:48 Early movers: JCP, FL, HLT, GS, WEN, HPE, JWN, GPS, PSO, GOOGL & more11
11:54 Hilton sets $1 billion share buyback program12