Markets

Yahoo Loses $303 Million

Cover your eyes, Google. Yahoo Inc. appears headed down a swift downward slope, as yesterday the company announced quarterly losses of $303 million, a long ways off from the $206 million profit posted one year ago. Last month, the company laid off 1,500 employees and is now predicting revenue could decline up to 16% in the coming year. When asked about a possible sale or merger, newly-christened CEO Carol Bartz, who's held the title for eight days, said, "It's my job to make sure we look at anything that makes sense for the company and creates long-term value for shareholders."