Yahoo sees $440 mn loss, 'progress' on strategic review

Yahoo said Monday its loss in the second quarter widened to $440 million from $22 million a year earlier, while offering no definitive news on efforts to sell its core Internet business. "Our board has made great progress on strategic alternatives," chief executive Marissa Mayer said in a statement that contained no clues on a widely speculated bidding process for the key assets of the faded Internet star. Revenue rose slightly to $1.3 billion from $1.24 billion a year earlier, the company said.