Posts Tagged Yahoo

Pakistani Google, Yahoo, Apple, eBay, PayPal Hacked

The Pakistani websites of Google, Microsoft, Yahoo, Apple, Visa, HSBC, Coca Cola, Blogspot, Sony, HP, eBay and PayPal have been hacked and defaced.

According to The Hackers Media, the sites have been defaced by a group of Turkish hackers.

On their defacement page, the Pakistani hackers reveal not only their reasons for breaching the sites, but also the vulnerability they exploited.

“Why we have wasted our time to hack Pakistani Sites? Just because let us convey our message. We warned you and we were willing to fix your vulnerability but you think we are jokers and you guys took it as a joke? Yes it’s time to bang you guys!!” the hackers wrote.

The Hackers Media reveals that the one “warned” is actually PKNIC, a registrar for Pakistani .pk domains. A security hole in the registrar’s systems allowed the cybercriminals to easily alter the homepages of the affected sites.

The Pakistani hackers utilized the same method to deface several high-profile Israeli sites a few days ago.

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Gmail defeats Hotmail!

The data for October released by ComScore, Gmail saw 287.9 million unique worldwide visitors during the period, defeating out Microsoft’s Hotmail, which finished with 286.2 million unique visitors. The findings were first reported by GigaOM.

In third place was Yahoo, the once mighty e-mail power, with 281.7 million, according to ComScore. Yahoo, however, holds a comfortable lead in the United States with 76.7 million, compared to second-place Gmail with 69.1 million and third-place Hotmail with 35.5 million.

 

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Yahoo may rethink use of cash from Alibaba deal

SAN FRANCISCO: Yahoo Inc may re-evaluate plans for the cash it gets from a multibillion-dollar sale of half of its 40 per cent stake in Chinese Internet company Alibaba Group.

Shares of Yahoo fell 4.4 per cent to $15.30 in after hours trading on Thursday.

Yahoo, which hired new Chief Executive Marissa Mayer last month, said in a filing with the US Securities and Exchange Commission on Thursday that Mayer has started a review of the company’s strategy.

The filing said the review “may lead to a re-evaluation” of Yahoo’s previously announced plans to return to shareholders substantially all of the after-tax cash proceeds under the initial share repurchase from the May 2012 deal with Alibaba.

Under the agreement, Yahoo was to sell one-half of its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock.

“There was an expectation of getting that cash back, so I think there will definitely be some disappointment,” said RBC Capital Markets analyst Andre Sequin.

But he said that shareholders also expect Mayer, a former Google executive, to re-invest in the company’s domestic business to rejuvenate the struggling Web company.

As part of Mayer’s review, Yahoo said, she would look at the company’s growth and acquisition strategy, the restructuring plan launched by her predecessor, and Yahoo’s cash and capital allocation strategy.

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Yahoo breach puts users of other sites at risk

BOSTON: Yahoo Inc reported the theft of some 400,000 user names and passwords to access websites including its own, saying that hackers had taken advantage of a security vulnerability in its computer systems.

The security firm Rapid7 said a data file published on the Web contained logins and cleartext passwords for Yahoo as well as several other Internet services, including Google Inc’s

Gmail and AOL as well as Microsoft Corp’s Hotmail, MSN and Live sites.

“It’s way bigger than Yahoo,” said Rapid7 researcher Marcus Carey. “We can assume that tens of thousands of people on services outside of Yahoo could be compromised.”

Yahoo apologized for the breach in a written statement, responding to the latest piece of bad news for a company that has lost two chief executives in a year and is struggling to revive stalled revenue growth.

Chairman Alfred Amoroso acknowledged that Yahoo had experienced a “tumultuous” year at its annual shareholder meeting on Thursday morning. Interim CEO Ross Levinsohn told attendees he was optimistic about the company’s progress.

Yahoo spokeswoman Dana Lengkeek did not respond to a request asking her to identify the companies whose credentials were stolen. Officials with Google, AOL and Microsoft could not immediately be reached for comment.

Yahoo did not disclose how many passwords were valid or say how many of the stolen logins were for Yahoo’s sites.

Lengkeek said “an older file” had been stolen from Yahoo Contributor Network, an Internet publishing service that Yahoo purchased about two years ago. It helps writers, photographers and videographers to sell their work over the Web.

“We are fixing the vulnerability that led to the disclosure of this data, changing the passwords of the affected Yahoo! users and notifying the companies whose users accounts may have been compromised,” she said.

The theft follows a breach reported last month by the business networking service LinkedIn, which resulted in the release of some 6.4 million member passwords.

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Yahoo’s interim CEO Ross Levinsohn faces off with shareholders

SAN FRANCISCO: Yahoo’s interim CEO has faced skeptical questioning from frustrated shareholders as he tries to convince them that the embattled Internet company will rebound from years of financial malaise and internal turmoil.

Ross Levinsohn’s exchanges with investors Thursday came during Yahoo’s hour-long annual shareholders meeting in Santa Clara, Calif.

Levinsohn came under scrutiny just two months after he filled a void created when Yahoo Inc. ousted Scott Thompson as CEO. Yahoo dumped Thompson amid a flap over misleading information on his official biography. Thompson’s departure came just eight months after Yahoo fired Carol Bartz as CEO.

Levinsohn is now considered to be the leading candidate to be named permanent CEO.

The seven shareholders who questioned Levinsohn Thursday made it clear they are losing their patience with the company.

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Yahoo! sets up Grid Computing Lab at IIT Madras

NEW DELHI: Yahoo! India R&D in partnership with the Indian Institute of Technology Madras (IIT- Madras) today announced the launch of Yahoo! Grid Computing Lab at the IIT- Madras campus. This cluster of high-end servers at the lab will allow researchers to access web-scale data and conduct research on big data and cloud computing systems.

Cloud services empower companies to dramatically improve agility and innovation at web scale. As more companies are moving their services to the cloud, it has emerged as an important area of research to explore new approaches in the field. The partnership will support researchers at IIT- Madras to process and analyze huge volumes of structured and unstructured data which, to date, has been limited due to significant cost barriers in getting large computing systems operational.

Hari Vasudev, VP, connections, Yahoo! Inc said, “At Yahoo! we believe that open and collaborative research is the best way towards building the next generation of the Web. By partnering with premier institutes like IIT-Madras, we hope to spur research in big data problems in areas such as search, personalization and digital advertising.”

“We are excited to partner with Yahoo! to advance cloud computing research in India as it opens up a new arena of exciting opportunities for our students. We are hopeful such partnerships will allow students to conduct truly breakthrough work on cloud computing and data storage systems, ultimately leading to web innovations coming to the marketplace,” s aid Prof. D Janakiram, Department of Computer Science, IIT-Madras

Yahoo!, the digital media company, has been an early investor in cloud and big data, founding Hadoop – an open source technology at the epicentre of big data and cloud computing, enabling organizations to get insights from the massive amounts of data being created and collected every day. The company operates one of the world’s largest private cloud infrastructures handling 11 billion page visits per month and 100 billion events a day (200 petabytes of data) from its 700 million users. Yahoo! India R&D had previously established a similar lab at the IIT Bombay campus, which conducts research in data management and natural language processing.

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Yahoo CEO search down to Levinsohn, Hulu’s Kilar

NEW YORK: The race to become Yahoo Inc’s next chief executive appears to have come down to two candidates: current interim CEO Ross Levinsohn and Hulu CEO Jason Kilar.

According to two sources with knowledge of the situation, Levinsohn and Kilar are the last names left on the Yahoo board’s shortlist for permanent CEO of the company.

Yahoo, the once iconic Internet company, has struggled to find its footing in the new digital world dominated by the likes of Apple, Google, Facebook, and Twitter.

The company has essentially been rudderless since turning down Microsoft’s $44 billion takeover offer in 2008. Since that time, Yahoo has plowed through four CEOs in as many years, among them Terry Semel, co-founder Jerry Yang, Carol Bartz, and most recently, Scott Thompson.

Yahoo’s board also had on its shortlist Jonathan Miller, currently News Corp’s Chief Digital Officer and former CEO of AOL Inc, and wanted to speak with him about the position, but Miller declined to pursue discussions, said a source familiar with his thinking.

According to this source, Miller put the brakes on any talks with Yahoo’s board out of respect for his friendship with Levinsohn, who has long wanted to run a company as CEO. Prior to their current positions, Miller and Levinsohn ran an investment firm together named Fuse Capital.

Kilar, however, has no such personal relationship with Levinsohn, which is why he is still on the shortlist.

Executive recruiting firm Spencer Stuart is leading the search on behalf of Yahoo.

While Kilar is being seriously considered for the role, Levinsohn is still thought of as the favorite to take the position on a permanent basis, according to one of the sources.

Since taking over as interim CEO in May after Scott Thompson’s forced resignation, Levinsohn has been acting and making decisions as if he has already won the seat, this source said.

Levinsohn hired former Google director and media veteran Michael Barrett as Chief Revenue Officer to help lead Yahoo’s efforts to reemerge as an entertainment and information destination that wins advertising revenue.

Those close to Levinsohn have said he is committed to building out Yahoo’s own video programming and striking more syndication deals in pursuit of ads that command a higher price, and Barrett’s hiring underscores that strategy.

Miller and Levinsohn were not immediately available for comment. A spokesman for Yahoo’s board, Charles Sipkins, declined comment, as did a representative for Hulu.

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Yahoo teams up with Spotify for on-demand music

LOS ANGELES: Yahoo is ditching its provider of on-demand music, Rhapsody, for a similar service provided by Swedish subscription-music service Spotify.

The changes to the Yahoo Music site are expected to be complete by early Wednesday. Spotify’s rollout across the rest of Yahoo will take longer. Rhapsody had been a Yahoo partner since February 2008.

Yahoo visitors will soon be able to hit a play button and have songs play without leaving the website, while the previous incarnation required users to navigate away from the page, said Yahoo spokeswoman Lisa Goodwin.

Yahoo Inc. will also create an app for the Spotify platform that will provide original content like artist profiles.

Spotify is free on computers but users who pay $10 a month can choose songs for playback on mobile devices.

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Yahoo kills ‘Livestand’ just 6 months after debut

SAN FRANCISCO — Yahoo has killed Livestand, a tablet magazine, just six months after its debut on the iPad.

The decision announced Friday is part of the struggling Internet company’s latest turnaround effort.

Last month, Yahoo Inc. told analysts it would close or combine about 50 services that haven’t been performing up to expectations.

That housecleaning plan was drawn up by Yahoo’s former CEO, Scott Thompson, who lasted at the company for an even shorter period than Livestand. Thompson’s four-month stint at Yahoo ended two weeks ago when he stepped down amid a flap over incorrect information on his bio.

Yahoo interim CEO Ross Levinsohn hasn’t said whether the company still plans to dump as many services as Thompson intended. A Friday post on Yahoo’s corporate blog made it clear that more services will be closed, without specifying a precise number.

“When we discontinue products, it will be so that we can focus on opportunities where we lead and where we can create the most meaningful experiences for people using our products, and for our partners, developers and advertisers,” the post said.

Yahoo began working on Livestand in 2010 after it became clear Apple Inc.’s iPad was going to be popular. But the tablet magazine didn’t hit the market until last November, well after a similar iPad application called “Flipboard” had already attracted a large audience.

Nevertheless, Yahoo still had high hopes for Livestand. It was hailed as “sort of a re-imagining of what Yahoo can be,” by Blake Irving, the company’s chief product officer at the time of the tablet magazine’s release. Irving left Yahoo last month after Thompson laid off about 2,000 workers and reshuffled management.

Livestand featured software that could be customized to pull content from Yahoo’s own website, and other digital publishers to cater to each user’s tastes.

It was the same concept pioneered by Flipboard, which was available shortly after the iPad’s April 2010 debut. Flipboard became so popular that Apple named it as its “app of the year” for 2010.

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Yahoo! moves to reclaim Internet search crown

SAN FRANCISCO: Yahoo! on Wednesday set out to reclaim the Internet search crown from Google with the release of software that transforms the way users explore the Web using Apple’s coveted gadgets.

A Yahoo! Axis application was introduced for iPhones, iPads, and iPod Touch devices and also as “plug-in” software for Chrome, Internet Explorer, Firefox and other Web browsers featuring HTML-5 graphics capabilities.

“Yahoo! is still very much in search,” special projects product management director Ethan Batraski said while giving AFP an advance look at Axis. “We continue to flourish.”

Axis does away with the blue links that have defined Internet query results for a decade and replaced them with previews of pages that might provide the information being sought.

The application lets users easily “swipe” from one Web page to another or review a pull-down strip of preview pages instead of making them click on links to see what websites look like.

“We removed the entire search results page from the equation for a game-changing search experience,” Batraski said.

“The entire search experience is in the app,” he continued. “You will never have to use Safari ever again.”

Safari is the Web browsing program Apple builds into its devices.

The Axis search results pane instantly displays information of potential interest, such as the score from a most recent game if the query is a sports team.

Yahoo! also made it simple to email, tweet, “pin,” or bookmark pages with touches of screens.

Axis also gives users the option of synching pages across devices, so that driving directions, movie times or other pages left open on one gadget will automatically display on another, the demonstration showed.

“I could easily start something on my iPad and continue on my iPhone,” Batraski said. “The goal here is to connect all my devices together.”

Clicks of side tabs replace swipes in the plug-in version of Axis for desktop computer browsing software.

For now, Yahoo! is not displaying ads in Axis because the focus is on winning users before weaving in ways to make money without marring the smooth experience.

Yahoo! has been steadily losing ground to Google in the Internet search market. Google’s share inched up to 66.5 percent in April while Yahoo!’s portion slipped a fraction to 13.5 percent, according to comScore.

Microsoft’s Bing was the second most popular search service, handling 15.4 percent of queries, the industry tracker reported.

Yahoo! in 2009 made a deal with Microsoft to have Bing handle the labor-intensive job of finding and indexing content on the Internet, freeing itself to concentrate on interesting or personalized ways to present results.

“We outsourced a backend process that every search engine was trying to do,” Batraski said.

“It is grunt work and we are really focused on innovating.”

Axis became available at Apple’s online App Store late Wednesday.

Axis will be begin rolling out to France, Britain and a few other countries by the end of the year, according to Batraski.

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