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  • Yahoo: Still no buyer as losses widen to $440m

    Yahoo gave no update on attempts to sell its core internet business as the firm slumped to a $440m (£332m) loss in the second quarter.

    Investors are likely to be disappointed by the lack of an update on the sale of its search and advertising operations.

    Chief executive Marissa Mayer said only that the board had made "great progress on strategic alternatives".

    Yahoo reported a $60m rise in revenue to $1.3bn for the three months to June.

    The increase was mainly generated by its core internet business, although mobile revenue jumped from $252m to $378m.