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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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December 22, 2014
13:08 EDTYHOOYahoo introduces search on Aviate
Yahoo has begun rolling out search on Aviate, the company announced in a post to its Tumblr account. Aviate will display search results directly on users' homescreen and this initial release is for English-speaking users in the U.S., but the company plans to bring search to "more Aviators soon," it stated. Reference Link
06:19 EDTYHOOYahoo to remove Creative Commons-licensed images from Flickr Wall Art
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December 19, 2014
17:18 EDTYHOOYahoo reports 16.7% passive stake in Hortonworks
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December 17, 2014
13:44 EDTYHOOYahoo holders continue push for AOL merger, NY Times reports
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December 11, 2014
10:17 EDTYHOOCiti upbeat on Google in face of pending Apple decision on Safari
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08:09 EDTYHOOGoogle shares pricing in loss of Apple search deal, says Citigroup
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