Not so good news from Yahoo again. Yahoo Inc said it would cut 5 per cent of its global workforce (nearly 700 jobs) and reported quarterly results that showed progress towards controlling costs, sending shares higher in an after-hours relief rally.

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http://itnews.idlefolks.com/yahoo-will-layoff-5-of-workforce-or-700-more-jobs-announced-mandatory-shutdown-for-one-week