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Yahoo 2Q profit up 8 pct, yet ad slump continues (AP)

July 22nd, 2009 · No Comments

FILE - In this Jan. 13, 2009 file photo, Yahoo Inc. headquarters in Sunnyvale, Calif. is seen Tuesday, Jan. 13, 2009.  Yahoo's second-quarter profit rose 8 percent, boosted by the cost cutting the Internet company has imposed as it tries to bounce back from a long slump. The results announced Tuesday, July 21, 2009, marked Yahoo's first quarterly earnings increase since the first three months of 2008. (AP Photo/Paul Sakuma, file)AP – Yahoo Inc. eked out a slightly higher profit in the second quarter as its new, no-nonsense chief executive cut enough expenses to shake off the Internet company’s sharpest drop in ad revenue since the dot-com bust.

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