Kim Rubey News
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Airbnb Inc., operator of a website that lets people rent out rooms and residences, is raising about $150 million in new funding that values the company at about $2.5 billion, said people familiar with the matter.
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Yahoo! Inc. , owner of the largest U.S. Web portal, is cutting about 600 jobs, or about 4 percent of its workforce , part of an almost two-year turnaround effort.
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Carol Bartz’s ouster is giving companies from Alibaba Group Holding Ltd. to Microsoft Corp. the chance to buy Yahoo! Inc.’s earnings virtually for free.
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Yahoo! Inc.’s board is scheduled to meet today to weigh its options after Carol Bartz was ousted last week following less than three years at the helm, a person with knowledge of the matter said.
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Payrolls decreased in 28 U.S. states and the unemployment rate climbed in 21, showing most parts of the world’s largest economy took part in the November labor- market setback.
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The following are the day's top business stories:
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Bankers for Hulu LLC, the video- streaming service, have met with Google Inc., Yahoo Inc. and Microsoft Corp. as the company explores a sale, people familiar with the process said.
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AOL Inc. Chief Executive Officer Tim Armstrong is talking with advisers to Yahoo! Inc. to gauge its interest in combining the companies after the ouster of CEO Carol Bartz, according to two people familiar with the matter.
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Yahoo! Inc. , owner of the largest Web portal in the U.S., plans to eliminate about 650 jobs, or 5 percent of its workforce , part of its two-year-old turnaround effort, according to a person familiar with the matter.
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