Yahoo! announced on Thursday that a Mexican appeals court tossed out a $2.7 billion dollar damages award in a breach of contract lawsuit. “The appellate decision overturned all monetary awards against Yahoo! Inc. and reduced the monetary award against Yahoo! Mexico to $172,500,” the California-based Internet pioneer said in a…
Yahoo Inc. said Friday it will close its South Korean operations by the end of this year, citing a challenging business environment as it struggles to compete in a market dominated by local web portals. “The Korean operation has been faced with a lot of challenges and has slowed Yahoo’s…