Yahoo (YHOO) last month jumped to its highest U.S. search share in more than five years, boosted by its deal with Mozilla that makes it the default search engine for the Firefox Web browser, according to data issued Wednesday by StatCounter. The website analytics firm said the search share for Google (GOOGL), in comparison, fell in December to its lowest monthly level since StatCounter began tracking global search statistics in July 2008. “The
Investment bank Topeka Capital Markets raised its price target for Yahoo on Tuesday, saying that Tumblr — the microblogging service that the Web portal purchased last year — could over time approach the monetization power of Facebook (FB)’s Instagram photo-sharing service. Topeka Capital raised its price target for Yahoo (YHOO) stock to 60 from 57 and reiterated its buy rating on the company. Yahoo stock was near 50, down 1.5% in midday trading on
Web portal Yahoo (YHOO) will drop its Yahoo Poker, Yahoo Pool and Yahoo Bingo services for Web and mobile devices on Dec. 31. Security issues played a part in the decision, announced just one month after Yahoo began heavily advertising its Texas Hold’em portal directly on its fantasy football webpage, according to a Forbes report on Monday. “This decision is part of our efforts to streamline our product offerings and focus our energy and resources