Yahoo net profits jump 8 per cent

 
However, its revenues declined 13 per cent to US$1.57 billion in the latest quarter from US$1.79 billion in the June quarter of 2008.

The company’s marketing services revenues from owned and operated sites were US$858 million for the reporting quarter, a 16 per cent decrease compared to US$1.01 billion for the same period in 2008.

Meanwhile, it is looking to sell HotJobs and Yahoo Small Business as part of its drive to shed its non-core assets, ThomsonReuters, reported.

“They have been approached by but they are proactively looking to sell to a strategic investor like a Careerbuilder or Monster.com,” peHUB quoted a source as saying.

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