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Yahoo shareholder warns against major acquisitions

2015-01-09 09:03:00| Telecompaper Headlines

(Telecompaper) Yahoo shareholder Starboard Value has warned the company against making any large acquisitions. Jeffrey Smith, managing member of Starboard Value, wrote to Yahoo chief executive Marissa Mayer after rumours that the company could be considering a deal to buy cable TV channels including Scripps Networks Interactive and Time Warner's CNN, the Financial Times reports. The shareholder, who lobbied for Yahoo to tie up with AOL in a previous letter, said it was "increasingly concerned" that the company could use the proceeds from the sale of some of its stake in Alibaba to make a big purchase. Smith warned that a large acquisition or a spin-off of Asian assets in return for cash, rather than a more tax-efficient restructure of Yahoo's remaining stakes in Alibaba and Yahoo Japan, would "be a clear indication to us that significant leadership change is required". Other large shareholders have also expressed "serious concerns" with the rumours of a sizeable deal, he claimed in the letter. Yahoo did not comment on the letter. 

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IoT companies should ensure consumer privacy, warns US regulator

2015-01-07 14:32:42| Wireless - Topix.net

Internet connected devices are popping up like wildfire at the Consumer Electronics Show in Las Vegas this week. But while this new technology has the potential to provide enormous benefits for consumers, tech companies should put more effort into protecting consumer privacy and security, a top official at the U.S. Federal Trade Commission said.

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Iowa DOT warns drivers about wheel-track glazing

2015-01-07 06:48:52| Trucking - Topix.net

Russ Halter and Matt Heckert, drivers for Old Dominion Freight Line, spent Tuesday on the road making deliveries, giving them firsthand experience with road conditions. 'I went over to West Branch this morning and 380 wasn't too bad but 80 going East was kind of slick through Iowa City,' Halter said.

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FTC warns on data grabbed by gadgets

2015-01-07 01:26:21| BBC News | Business | UK Edition

A "deeply personal" picture of every consumer could be grabbed by futuristic smart gadgets, warned the chair of the US Federal Trade Commission.

Tags: data gadgets grabbed warns

 

Osborne warns over low oil prices

2015-01-06 22:06:35| BBC News | Business | UK Edition

Chancellor George Osborne says the benefit of falling oil prices should be passed on to consumers in lower pump prices and energy bills.

Tags: low prices oil warns

 

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