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MICROSOFT SAYS NO 'YAHOO': There were again rumours that Microsoft is interested in taking over Yahoo.

MICROSOFT SAYS NO

Microsoft rules out new takeover bid for Yahoo

Microsoft CEO Steve Ballmer on Wednesday ruled out a new takeover bid for troubled web portal Yahoo, but stressed that the software giant was still interested in partnering with Yahoo on search-related products. Ballmer's comments to a meeting of Microsoft's shareholders were the first from the company since the announcement on Monday that Jerry Yang was stepping down as Yahoo CEO.

OUT WITH IT: Yahoo! had 15,200 employees at the end of the third quarter.

Yahoo! slashes 10 per cent of workforce

The much-anticipated round of layoffs comes on the heels of another 1,000 job cuts in late January.

http://www.ibnlive.com/news/yahoo-slashes-10-per-cent-of-workforce/76443-7.html

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