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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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July 15, 2014
16:11 EDTYHOOYahoo sees Q3 revenue ex-tac $1.02B-$1.06B, consensus $1.10B
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16:10 EDTYHOOYahoo reports Q2 Price-per-Ad down 24% vs. last year
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16:08 EDTYHOOYahoo CEO says 'not satisfied' with Q2 results
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16:05 EDTYHOOYahoo reports Q2 EPS 37c, consensus 38c
Reports Q2 revenue ex-tac $1.04B, consensus $1.08B.
15:27 EDTYHOONotable companies reporting after market close
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13:06 EDTYHOOEarnings Preview: Yahoo shares trading flat ahead of Q2 earnings report
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10:00 EDTYHOOOn The Fly: Analyst Initiation Summary
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07:32 EDTYHOOYahoo July 35.5 straddle priced for 4.5% move into Q2
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06:41 EDTYHOOYahoo, Live Nation concert program to launch tonight, NY Times says
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July 14, 2014
18:49 EDTYHOOYahoo initiated with a Market Perform at FBR Capital
Target $37.
13:18 EDTYHOOYahoo technical comments before earnings
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10:20 EDTYHOOYahoo volatility increases into Q2 and growth outlook
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08:40 EDTYHOOYahoo, AOL unlikely to be plotting merger at Sun Valley conference, Re/code says
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06:05 EDTYHOOYahoo acquires Israeli video startup RayV, terms not disclosed
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July 11, 2014
18:18 EDTYHOOAlibaba may expand board to 11 after IPO
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11:45 EDTYHOOStocks with call strike movement; YHOO WFM
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11:16 EDTYHOOAOL, Yahoo CEOs have late-night talk, WSJ reports
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July 10, 2014
17:49 EDTYHOOAlibaba may begin IPO process by end of month, WSJ reports
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11:35 EDTYHOOStocks with call strike movement; YHOO AAL
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July 8, 2014
08:25 EDTYHOOYahoo volatility elevated into Q2 and growth outlook
Yahoo July call option implied volatility is at 35, August is at 39, September is at 34, October is at 37; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 15.
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