Yahoo News is still the top news site. Yahoo business/finance is still among the strongest financial properties. The good news is that Yahoo's not going anywhere. The bad news is they're not going anywhere.
By what metric exactly is Yahoo News still the top news site?
Take your pick.
ComScore. Yahoo gets an enormous amount of traffic: Alexa also considers Yahoo as a whole the #4 site (behind Google, Facebook, and Yahoo). And Y recently hired a White House correspondent (http://news.yahoo.com/yahoo-hires-first-white-house-correspo...) and has made some other fun hires in the reporting space.
My friends who work in tech don't visit Yahoo. But my extended family in the Midwest sure does!
Full disclosure: I work at Y, but definitely don't speak for Y. If you have ComScore access, you can double-check the "#1" stat I cited.
From looking at Alexa, I believe your second "Yahoo" should have been "YouTube."