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Yahoo Inc. Experiences Decline in Profits
Yahoo Inc. has been on a rebound after experiencing poor results for quite some time. However, when the Internet giant released the latest financial results, it left everyone in no doubt that the amount of work needed to take it back to the top is immense.The company saw a decline in profits of around 18 percent. The company’s latest profits stand at $270 million, as per the three-month period that ended on June 2014. The drop in profits coincided with a fall in revenue.
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The new European Parliament meets Tuesday in Strasbourg to elect Jean-Claude Juncker as president of European Commission, and the session promises to be tense, since many members refuse to vote for him.
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