Yahoo wants to return to its roots as a search engine

Yahoo wants to be a search giant once more.

Chief executive Marissa Mayer is intent on investing in search, a move that would ultimately give the company more “autonomy and control over this critical piece of our business,” she told investors on a call yesterday (July 21).

Citing rising costs, Yahoo reported a loss of $22 million in the second quarter, down from a $270-million profit a year ago, even as it increased revenue by 15% to $1.24 billion.

Currently the third-biggest search...

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