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Stock Market & Financial Investment News

News Breaks
May 4, 2012
12:50 EDTYHOOThird Point sends letter to Yahoo! board
Third Point LLC, owners of 5.8% of Yahoo! shares, sent the following letter today to the Yahoo! board of directors: " Yahoo!'s initial response yesterday to Third Point's identification of material inaccuracies in both CEO Scott Thompson's and Director Patti Hart's educational record was insulting to shareholders. We assume that these initial statements were attributable to Mr. Thompson and were not made with the Board's approval. While we appreciate the Board's statement late last night that it would conduct an investigation, unfortunately, for this Board and this Company, it is too little and months too late... Furthermore, Yahoo!'s response "confirming" that Ms. Hart "specialized" in Marketing and Economics, rather than having earned her degree in such subjects (as Ms. Hart has asserted in filings for years) is a similar canard. A "specialty" is not a major. It is not a "minor". We don't know what it is, but we do know that like Mr. Thompson, Ms. Hart has been misrepresenting her actual degree to the investing public for years. Again, we hope that the Board does not accept this feeble attempt at "spin" as a justification for Ms. Hart's misrepresentations... Third Point, Yahoo!'s largest outside shareholder with over $1 billion invested, called yesterday for an immediate investigation if our assertions were true. The Board appears to have acceded to this demand. Its response must be swift and decisive. Finally, we urge the Board to stop wasting valuable company resources and drop its resistance to placing the Third Point nominees on the Board. We are prepared to join immediately. Once on the Board, our first tasks will be to work with the remaining Board members to find Yahoo! a new leader with the qualifications and integrity to lead the Company and install best practices of corporate governance. The Company can ill afford to continue this misguided fight with its largest outside shareholder while it has so many other fires to put out. There has been enough damage already."
News For YHOO From The Last 14 Days
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January 26, 2015
13:26 EDTYHOOYahoo volatility increases into Q4 and ad outlook
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10:00 EDTYHOOOn The Fly: Analyst Initiation Summary
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08:48 EDTYHOOYahoo with a Neutral at Rosenblatt
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08:12 EDTYHOOYahoo risk/reward positive into earnings, says FBR Capital
FBR Capital sees a positive risk/reward for Yahoo (YHOO) shares into tomorrow's Q4 earnings report. The firm says the delta in value between a fully taxed Alibaba (BABA) stock sale and a tax-shielded transfer is $15 per share, with every 10% percentage point tax rate deduction worth $4 to Yhaoo's stock price. FBR also believes expectations are low for the core Yahoo business at a time when engagement is improving. It cut its price target for Yahoo to $56 from $60 to reflect a lower Alibaba share price and keeps an Outperform rating on the shares.
06:44 EDTYHOOSoftbank awaiting Yahoo announcement on Alibaba, WSJ says
Yahoo's (YHOO) upcoming announcement regarding its 15% Alibaba (BABA) stake and 35.5% Yahoo Japan stake may affect Softbank's (SFTBF) plans for Alibaba, reports the Wall Street Journal's Digits blog, citing an SMBC Nikko analyst. Sprint (S)-owner Softbank has a 32% stake in Alibaba and a 43% stake in Yahoo Japan. Analysts say Softbank is unlikely to purchase Yahoo's shares in either company, though a Yahoo Japan buyback is "more plausible." Reference Link
06:29 EDTYHOOYahoo core business showing 'green shoots,' says Citigroup
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06:26 EDTYHOOYahoo may absorb Tumblr sales force, Re/code says
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06:07 EDTYHOOStocks with implied volatility above IV index mean; YHOO HLF
Stocks with implied volatility above IV index mean; Yahoo (YHOO) 46, Herbalife (HLF) 101 according to iVolatility.
January 23, 2015
14:22 EDTYHOOYahoo volatility elevated into Q4 and ad outlook
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07:37 EDTYHOODistribution news could increase Yahoo value to $67 per share, says MKM Partners
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January 22, 2015
13:50 EDTYHOOYahoo launches new art initiative, Business Insider says
Yahoo's Tumblr announced a new initiative, Creatrs, that will help artists license their work and protect their legal rights, according to Business Insider. Under the program Tumblr will also utilize users' art and provide art to advertisers, Business Insider added. Reference Link
13:46 EDTYHOOYahoo may attract buyers without Alibaba stake on sheets, Bloomberg reports
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10:18 EDTYHOOYahoo volatility elevated into Q4 and ad outlook
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January 21, 2015
14:35 EDTYHOOYahoo unlikely to announce spin-out with earnings, says BGC Financial
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January 20, 2015
06:39 EDTYHOOYahoo to announce Alibaba plans on or before January 27, AP says
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06:01 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
Stocks with implied volatility above IV index mean; Herbalife (HLF) 113, Yahoo (YHOO) 54 according to iVolatility.
January 16, 2015
10:56 EDTYHOOStocks with call strike movement; AAL YHOO
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06:15 EDTYHOOYahoo's Prashant Fuloria to oversee all ad products, WSJ reports
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06:04 EDTYHOOYahoo CEO Mayer may be giving Flurry execs more power, Re/code reports
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January 15, 2015
05:55 EDTYHOOStocks with implied volatility above IV index mean; HLF YHOO
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