Tuesday, 28 March, 2017

Yahoo Under SEC Investigation for Not Disclosing Massive Data Breach Sooner

More grim news for the tech company as it sweats out the Verizon deal More grim news for the tech company as it sweats out the Verizon dealImage AP
Bessie Robbins | 24 January, 2017, 09:15

Yahoo now says the sale will be completed in the second quarter this year, not the first.

The bigger problem is that Yahoo continues to court controversy.

Various documents were requested by the Securities and Exchange Commission (SEC) in December as it opened up its investigation. Even before rumors of the SEC review, Verizon was reportedly having second thoughts about its acquisition. That is, showing ads along with those products.

Marissa Mayer's smoldering asset landfill announces its 2016 results after the closing bell today and Verizon announces tomorrow, a calendar reality that has led to some pretty widespread guessing that news is imminent.

U.S. law requires companies that fall victim to such hacks to disclose them as soon as they are deemed to affect stock prices.

Beat revenue estimates. The company saw gross GAAP revenue figures of $1.469 billion.

On an adjusted basis, earnings rose to $0.25 per share from $0.13 per share a year ago.

Earth sets temperature record for third straight year
All three sets of data reveal that the planet's average surface temperature has risen by 1.1C (2F) since the late 19th century. But among all those high temperatures, the most surprising are the huge temperature jumps recorded in the Arctic.

The Silicon Valley company registered fourth-quarter profits of 25 cents per share on revenue of $1.47 billion, besting the average analyst expectations of 21 cents on revenue of $1.38 billion.

The company's decision not to hold the customary post-earnings conference call with Wall Street analysts (due to what it said was the pending Verizon deal) meant that investors were left with many unanswered questions. Yahoo would not make Mayer available for an interview.

The investigation into Yahoo's data breaches could set a precedent for the timeliness of acknowledging future hacks for companies. At the time, they said some 500 million user accounts had been affected. The Yahoo acquisition was already a rolling mess with it dealing with a pair of major hacks that it didn't disclose after they happened. It occurred in 2013.

According a regulatory filing, the company's board will be reduced to five members, from the current 11.

It is not yet clear if, and how, Mayer will stay on at the company afterward.

"Based on the ongoing investigation, the company believes an unauthorised third party accessed the company's proprietary code to learn how to forge cookies", the statement said.

"Yahoo has continued to work with Verizon on integration planning for the sale of its core business", the company said in its Q4 2016 earnings announcement.

Recommended

  • Three dead and 20 injured after vehicle  ploughs into pedestrians

    Three dead and 20 injured after vehicle ploughs into pedestrians

    Ambulance Victoria confirmed there were multiple injuries after people were hit by a vehicle . "I was in disbelief", he said. I saw someone lying on the ground near the corner of Bourke and Elizabeth and then someone else down near Bourke Street.

    Gambian President Given Last Chance to Step Aside

    A Senegalese army spokesman confirmed his country's troops had crossed the border , after Nigerian jets overflew The Gambia. But Barrow supporters on Thursday evening took to the streets of Banjul , where soldiers were seen but did not intervene.

    Trump's favorability at a historic low ahead of inauguration

    That 62 number is the third highest among outgoing presidents since 1981, behind Bill Clinton and Ronald Reagan, tied at 68. Since Obama became president, his average is 50 percent compared with 51 percent for George W.
  • Facts about the inauguration of Donald Trump as US  president

    Facts about the inauguration of Donald Trump as US president

    President Trump closed his first speech as president with his campaign slogan: "Make America great again". We've made it no secret that we wish this day had not come. "But good will win in the end", she said.
    Environmental Group Concerned About EPA Boss-Designate

    Environmental Group Concerned About EPA Boss-Designate

    Though not a member of the committee, Casey said in a statement Tuesday that he opposes Pruitt's nomination. Pruitt has served as attorney general of Oklahoma since November 2010.
    No one will die in the street with new health care plan

    No one will die in the street with new health care plan

    The bill that the budget office analyzed would have eliminated tax penalties for people who go without insurance. Stefanik, although she did not vote against the budget bill, agrees that a replacement plan is essential.
  • Patriots advance to record-setting ninth Super Bowl

    Patriots advance to record-setting ninth Super Bowl

    Brady dissected the Steelers zone coverage, particularly exploiting the middle of the field. The Patriots defense did its part in the game, shutting down the Killer B's on Pittsburgh.
    Attacked by Trump, Lewis acknowledges he boycotted Bush inauguration, too

    Attacked by Trump, Lewis acknowledges he boycotted Bush inauguration, too

    And Trump, eager to divert the conversation from Lewis' stance against bigotry, didn't fail to point this fact out. The second inauguration of President Barack Obama was not attended by about 20 Republican members of Congress.
    Klopp hails professional Liverpool display after win

    Klopp hails professional Liverpool display after win

    Lucas scored the lone goal as Liverpool won away at Plymouth Argyle to advance to the fourth round of the FA Cup . Liverpool players celebrate after Lucas scored the victor in an FA Cup victory against Plymouth.
  • Tottenham salvages draw at Manchester City after Lloris blunders

    Tottenham salvages draw at Manchester City after Lloris blunders

    They were at the top of the table in September and now they are not even sure whether they can end the season in the top four. Of course, City still went on to win the majority of those fixtures, but it didn't make for particularly easy viewing.

    Pep Guardiola Admits He Loves Watching Totenham Play

    Playing at home might help a little bit, but it's still Spurs, and it's still a very tough game. Pochettino's men were the first club to expose a chink in Guardiola's armour this season.
    Jordy Nelson Injury: Packers Receiver A Long Shot To Play Vs. Falcons

    Jordy Nelson Injury: Packers Receiver A Long Shot To Play Vs. Falcons

    If there's one thing the Packers do well it's player development and that has become increasingly evident as the season continues. Alongside Roethlisberger are the two most versatile playmakers in the National Football League in Antonio Brown and Le'Veon Bell.

Income Tax Filing Season Begins Income Tax Filing Season Begins This additional period is due to several factors, including banking and financial systems needing time to process deposits. By filing your tax return early, there is less of a chance someone will try to steal your identity.

'Net Neutrality' Foe Ajit Pai Is New FCC Head 'Net Neutrality' Foe Ajit Pai Is New FCC Head But with Republicans now in control of the FCC, Pai's prediction that the policy's "days are numbered" may very well come true. He worked as a Verizon associate from 2001 to 2003 and later worked as a staffer at the DOJ, Senate, and the FCC.

Knicks Rumors: Carmelo Anthony Would Consider Leaving If Team Wants It Knicks Rumors: Carmelo Anthony Would Consider Leaving If Team Wants It That loss to Milwaukee was sustained on a buzzer-beater by 2017 All-Star Game starter Giannis Antetokounmpo . He may feel like he put them in a deep hole that they can't come out of with Melo on the roster.

Arsenal boss Arsene Wenger backs Burnley to avoid Premier League drop Arsenal boss Arsene Wenger backs Burnley to avoid Premier League drop They say, "okay, from the start of the game you have the ball but we might try to kill you at some stage". "It was nothing bad". Petr Cech got a hand to Andre Gray's kick but he was already diving the wrong way and the ball dropped into the net.

Super Bowl LI half set following NFC Championship Super Bowl LI half set following NFC Championship While the Patriots are known for their offense, they are the best in defense this season by giving up 15.6 points per game . By the end of the play, seven Steelers were trying to gang tackle Blount, who finally went down at the 1-yard line .

'Women's March' Occupies Washington Day After Donald Trump's Inauguration 'Women's March' Occupies Washington Day After Donald Trump's Inauguration Instead of saying, 'Oh, I have to get this and that experience first, ' friends of mine are thinking of running for office now". Figuring out how many will actually attend the march is difficult-early estimates anticipate up to 200,000.

Donald Trump Inauguration as 45th US President Donald Trump Inauguration as 45th US President Throngs of demonstrators marched from Grosvenor Square in Knightsbridge, past the United States embassy and onto Trafalgar Square. Trump, future First Lady Melania, and the rest of the family landed at Andrews Air Force Base shortly after noon Thursday.

Ivanka Trump: 'Inappropriate' to call me first lady Ivanka Trump: 'Inappropriate' to call me first lady For a designer, dressing up the First Lady is always a matter of honour, great exposure and professional clout. Ralph Lauren (NYSE:RL) and Karl Lagerfeld are rumored to be in Melania Trump's wardrobe for tomorrow's events.

It's the NFL Final Four and anyone can still win it all It's the NFL Final Four and anyone can still win it all The resolution encourages Falcons fans to wear red and black this Friday, January 20th in support of the team. Atlanta has forced 11 turnovers in the last five games, a stat the Falcons look to build on come Sunday.

Nina Dobrev demanded stunts in xXx: Return of Xander Cage Nina Dobrev demanded stunts in xXx: Return of Xander Cage It's a film to remind you of a comment from the late Roger Ebert: the XXX films were more Theatre of the Absurd than Action Movie. It seems that both of the movies fail to be in chord with the audience as Ok Jaanu box office collection is not much proficient.

Watch Ellen's Hilarious, Dance-Filled Tribute to the Obamas Mrs Obama also shared a clip of her taking a final stroll through 1600 Pennsylvania Avenue with pet dogs Sunny and Bo. We first see him while he was running for president, and he compares his campaign to hosting The Ellen Show .

Russell Westbrook isn't an All-Star starter because of the fan vote Russell Westbrook isn't an All-Star starter because of the fan vote There will be fresh emotions, going from that routine pregame warm-up into the visitors locker room for the first time. If it had just been players and media, Westbrook would have been the top selection and Harden the second .

Trump pick for EPA admits global warming is not a hoax Trump pick for EPA admits global warming is not a hoax He has sued 14 times to block clean air and water safeguards from EPA, the agency he has been nominated to lead. Bush, has said she has not seen a nominee as "disdainful of the agency and what the agency does" as Pruitt.

Akhilesh won battle against father, gets bicycle symbol Akhilesh won battle against father, gets bicycle symbol The alliance also cuts short the role of former Delhi chief minister Sheila Dikshit, named by the Congress as its CM candidate. Meanwhile, Uttar Pradesh is all set for seven-phased election from Feb 11 for 403 seats.

Local Wisconsin man remembers meeting Dr. Martin Luther King Jr Local Wisconsin man remembers meeting Dr. Martin Luther King Jr Over a dozen people were injured yesterday during two separate shootings at two different Martin Luther King Jr. The Martin Luther King mural in Dublin is in its last phase and is expected to be completed come April.