Bytes and barrels: the origins of oil traders' love of Yahoo
July 28, 2016 at 01:01 AM EDT
NEW YORK, July 28 (Reuters) - For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Their world already changed a few months ago, when the company said it would jettison its messaging system that has been the norm for oil traders since the late 1990s.