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Internet search engine and portal Yahoo Inc released a result that did not cause much surprise in the city, Yahoo’s profit fall by 13%, the current economic downturn was blamed for the fall. Revenues into Yahoo’s coffers for the quart dropped to £953m, and reduction of roughly 13% when compared with profile with the same quarter last year.
Cost cutting and efficient management of resources mean that despite the drop in revenue, Yahoo’s profit rose by about $10 million. Shares in Yahoo fell on the back of the result and the forecast that income in the current quarter will be between between $55m to $65m.

New Homepage Launched
Just before the business side of Yahoo released revenue results yesterday, they were unveiling Yahoo’s new homepage to the US users. Yahoo’s portal is the most visited website on the internet, to keep that position the new Yahoo homepage come in customisable format that make integrating other popular sites Yahoo users visit such as Twitter and Facebook into their Yahoo homepage. A Yahoo spokes person was quoted as saying: “There is a destination for everything you are about in just a click or two. Now we are looking at Yahoo holistically, all centred around the user,” Mr Bhat told reporters in a conference call.
Yahoo’s new homepage comes with over 60 applications, users and developers are being encouraged to develop and plug in their own application to enhance their user experience. Users can add their own apps at the moment in the form of a web address they want Yahoo homepage to load, with developers, its more technical and that aspect of Yahoo’s new homepage is now live yet.