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The Wall Street Journal reports that Yahoo! Inc. (Nasdaq: YHOO) will announce a number of cost-cutting initiatives tomorrow after the company faced increased pressure from activist investor Starboard. According to the report, the company may also use the $5.8 billion it gained from the Alibaba Group Holding Ltd. (NYSE: BABA) IPO to engage in a number of strategic acquisitions of one or more tech startups. Shares of Yahoo! were flat in premarket hours.