NEW YORK (TheStreet) -- Shares of Yahoo! (YHOO) were climbing, up 0.4% to $43.05 in midday trading Friday, after the Internet company announced in its second-quarter progress report that it will shut down its maps website as well as a few other applications, according to The Wall Street Journal.
By trimming some of its services, the company hopes to sharpen its focus on search.
Yahoo! will also stop supporting Yahoo Mail for Apple's (AAPL) built-in mail app starting June 15, The Journal added.
The company said it will hone in on its key products so it can make sure that its "resources are spent smartly and with a clear purpose."
Sunnyvale, Calif.-based Yahoo! is a global technology company, delivering digital content and experiences, across devices and globally. The company provides online properties and services to users, as well as a range of marketing services.
Separately, TheStreet Ratings team rates YAHOO INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate YAHOO INC (YHOO) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income."