Mexican court orders Yahoo to pay $2.7bnDecember 1, 2012 - 13:59 AMT PanARMENIAN.Net - Internet group Yahoo says it has been ordered to pay $2.7 billion by a Mexican court, according to BBC News. The reported ruling follows a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service. Yahoo said it "believes the plaintiffs' claims are without merit and will vigorously pursue all appeals". The lawsuit had been brought by Worldwide Directories SA de CV and Ideas Interactivas SA de CV. In a statement on its website Yahoo said the 49th Civil Court of the Federal District of Mexico City had "entered a non-final judgment of US $2.7 billion against Yahoo! Inc. and Yahoo de Mexico" in the case. Shares in Yahoo, which is based in Sunnyvale, California, fell by 1.4% in after-the-bell trading following the news. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |