World
Yahoo to cut jobs, shed assets in major turnaround plan
San Francisco : US tech giant Yahoo announced cutting the workforce by about 15 percent, slashing properties and exploring "strategic alternatives" as part of an aggressive plan to turn around the struggling company.
 
The announcement on Tuesday came as the company released its fourth-quarter report, which shows a loss of $4.4 billion, Xinhua reported.
 
Yahoo, based in Sunnyvale, California, said it plans to lay off about 1,500 employees and exit five offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan.
 
By the end of 2016, the company expects to have approximately 9,000 employees and fewer than 1,000 contractors. It represents a workforce 42 percent smaller than it was in 2012, and save $400 million annually, the company said.
 
It will also simplify its product portfolio to focus on the products that distinguish the company competitively. For consumer products, the silicon-valley company will have three global platforms -- search business, mail and Tumblr blogging site.
 
Yahoo also said it has begun to explore divesting non-strategic assets, such as sales of patents and real estates. The company estimates a gain of $1-3 billion in cash through these efforts.
 
It expects to generate revenue of over $1.8 billion in 2016 through its Mavens strategy, which includes advertisements through mobile, video, native and social platforms.
 
"Today, we're announcing a strategic plan that we strongly believe will enable us of accelerating Yahoo's transformation," said Yahoo CEO Marissa Mayer in a statement. "This is a strong plan calling for bold shifts in products and in resources."
 
This restructuring plan should lead to "a modest and accelerating growth in 2017 and 2018", said the company.
 
In addition, Yahoo board is "exploring additional strategic alternatives", which it believes is "in the best interest of shareholders".
 
The 20-year-old internet business is beleaguered with dissatisfaction from investors. They have been calling on the company to put for sale its core web businesses as Mayer failed to grow the company since taking over.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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HC refuses to stay eviction of Congress MP
New Delhi : The Delhi High Court on Wednesday refused to stay the eviction of Congress MP Adhir Ranjan Chowdhury from a government bungalow in south Delhi's Moti Bagh neighbourhood.
 
Chowdhury, a Lok Sabha MP from Murshidabad, had approached the high court after the authorities on Tuesday disconnected water and power supply to the bungalow occupied by him.
 
A division bench of Chief Justice G. Rohini and Justice Jayant Nath also denied his plea to give some time to shift to an alternate accommodation.
 
Chowdhury has alleged "vendetta" by the central government.
 
The Directorate of Estates has said that the former UPA minister has been allotted another house on Humayun Road. It said the alternate accommodation was allotted more than one year ago, after Chowdhury was re-elected from Murshidabad in the 2014 Lok Sabha election.
 
The Directorate of Estates has also claimed that it had granted sufficient time to Chowdhury - a four term parliamentarian - to vacate the ministerial bungalow.
 
Chowdhury's counsel told the bench that his representation to the Chairman of Housing Committee of Lok Sabha was pending.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Diagnosed with cancer? Don't take it lying down
New Delhi : Being diagnosed with cancer at a prime age with flying dreams and a family to look after can be earth-shattering for most people. But when it comes to facing the stark reality, whom does one blame for the slow but certain decay of cells and tissues in your body.
 
At a time when health practitioners globally are becoming certain they can cure any form of cancer (depending on the stage of discovery), the real fight for cancer-stricken people is to choose between two realities: Embrace the situation with humility and prepare themselves for the long-drawn medical procedures or give up and let it progress.
 
"If a person is unfortunate to get cancer, the most important thing is to maintain a positive attitude. Further, he or she should identify people from family or friends who will be standing with him or her throughout the procedures," Dr. Ajit Saxena, consultant urologist and andrologist at the Indraprastha Apollo Hospitals in the capital, told IANS.
 
"Next is to search for the best oncologist for the particular cancer treatment, depending on the organ affected. Whatever be the situation, it is best to consider things rationally, apply the mind to find the best treatment available and fight it out," Dr Saxena said.
 
The next stage is to connect with cancer support groups online or offline to prepare yourself for the battle ahead.
 
"Life is priceless and there should be no option to give it up. Help in one form or the other can be offered to all patients at any stage of cancer. We may enable them to meet realistic goals and lead a better quality of life given the situation they are faced with," Dr. Harit Chaturvedi, chairman, Max Institute of Oncology at Max Hospitals, emphasised.
 
Fully aware that you have been diagnosed with cancer, do not just go on blaming your fate. While more and more triggers are becoming increasingly known, it is still difficult to pin point one cause for any particular cancer.
 
Some of the known associated factors, however, are unhealthy lifestyle, tobacco and alcohol consumption, viral infections, family history and, of course, ageing.
 
"It is a consequence of interplay of multiple factors such as bad habits, bad lifestyle, ageing, obesity, environmental and genetic mutations," notes Dr Sanjay Dudhat, head of surgical oncology from Nanavati Super Specialty Hospital in Mumbai.
 
If a patient is diagnosed with cancer, the first thing he or she requires is counselling. Proper disclosure of diagnosis, correcting patients' myths about cancer and explaining the proper treatment strategies to the patient and relatives result in better acceptance and also reduces mental trauma.
 
"Proper treatment along with boosting the morale of the patient will get better results. So do not ever give up and fight cancer regardless," Dr Dudhat adds.
 
For those who are healthy and the disease does not run in the family, making simple changes can result in saying goodbye to cancer.
 
"Screening! Sceening! Sreening! Early diagnosis of any cancer makes all the difference between life and death," says Dr Saxena, also a pioneer in robotic surgery (urology).
 
"In the case of prostate cancer, a simple blood test can detect early stages. Whole body scan can pick up early cancer stages. This is important particularly in cases where there is a family history of cancer," he advises.
 
According to Dr Sidarth Sahni from department of surgical oncology at Indraprastha Apollo, woman should be aware of complications in the breast.
 
"Every woman, irrespective of family history, needs to have a mammogram done every year after age 40 as breast cancer is the fastest growing disease in women in India," he told IANS.
 
In middle age, avoid smoking and tobacco, cut alcohol consumption, hit the gym or join a neighbourhood yoga and meditation session followed by brisk walk. And do not forget adding fruits and vegetables to your grocery list.
 
Maintain healthy weight and be physically active, get immunised against Hepatitis B and HPV viruses, have safe and protected sex and opt for regular health check ups, are some of the other steps doctors suggest.
 
For those diagnosed with cancer, reading "Being Mortal" helps. It's a highly-acclaimed book by Dr Atul Gawande, a New York-based surgeon that carries several moving stories about his family, friends and patients describing how someone could better live with age-related or otherwise serious illnesses.
 
"Arriving at an acceptance of one's mortality and a clear understanding of the limits and the possibilities of medicine is a process, not an epiphany," he writes.
 
Above all, wear a positive attitude. If cancer has entered your life, give it a tough competition with smile, grit and determination.
 
"I strongly believe that life is not about waiting for the storm to pass but about learning how to dance in the rain," Dr Chaturvedi of Max Institute says.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Ramesh Poapt

1 year ago

This article and all the articles by Dr Hegde are excellent!!
Please..........publish such articles....even it has not many comments!

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