Panama pipe dream

Yahoo.com remains the busiest site on the Internet, with more than 100m users. Its search results are virtually the equal of Google’s. But weak quarterly financial results have left investors skeptical. They’re spooked that Yahoo has been losing advertising share to Google, which has a superior ad system in place. Delays in the deployment of a badly-needed new ad system at Yahoo, dubbed Project Panama, have made skeptics out of one-time believers. Investors have been further unnerved by Yahoo’...