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Oops I Did it Again: Yahoo! Board Screws Up Again
Tuesday, November 1, 2011 - 10:12am | 711Yahoo!'s (NASDAQ: YHOO) board may have screwed up again. After rumors surfaced last week that the company was thinking about launching a share buyback and dividend to appease investors, as opposed to selling the company, Wall Street started to punish the stock. Benzinga spoke to Yahoo! about the...
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Did We Learn Who Eventually Takes Over Yahoo?
Wednesday, September 28, 2011 - 12:20pm | 693Since it was first announced in early September that Yahoo (NASDAQ: YHOO) CEO Carol Bartz was fired, and Third Point's Dan Loeb had acquired a large stake in the company, there have been rumors swirling about who was going to eventually acquire the company. With last night's news that Chinese...
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Are the Lights About to Go On at Yahoo?
Thursday, September 22, 2011 - 10:09am | 668This morning Stifel Nicolaus upgraded shares of Yahoo! (NASDAQ: YHOO) and put a $18 price target on shares, as it believes a deal is near. After last week's Delivering Alpha conference, in which Dan Loeb of Third Point hinted that something could be done relatively soon, there is more conviction...
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Daniel Loeb Attempts to Oust Yahoo!'s "Destroyer of Value," Roy Bostock
Wednesday, September 14, 2011 - 11:30am | 317Carol Bartz was just the beginning. Now that Yahoo!'s (NASDAQ: YHOO) problematic CEO is out of the picture, hedge fund manager and Third Point LLC founder Daniel Loeb is going after Yahoo! Chairman, Roy Bostock – again. In a letter sent to Yahoo! co-founder and former CEO Jerry Yang, Loeb...
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Carol Bartz: Yahoo "F'd Me Over!"
Thursday, September 8, 2011 - 1:55pm | 933Carol Bartz is leaving the Yahoo (NASDAQ: YHOO) CEO post the same way she came in - with fire and vigor and plenty of "F bombs." Speaking of the company's board of directors, she told Fortune that "These people f**ked me over." According to Bartz's telling of the events surrounding her firing as...
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Can Dan Loeb Agitate Yahoo?
Thursday, September 8, 2011 - 1:30pm | 913News hit the wires a little bit ago that activist investor Dan Loeb has a 5.15% stake in Yahoo! (NASDAQ: YHOO), just a day after the company botched the firing of former CEO Carol Bartz. You can find a copy of the letter in its entirety on the SEC's website. Third Point LLC is now Yahoo's third...
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What is Going on at Yahoo!?
Thursday, June 23, 2011 - 2:33pm | 524Shareholders are meeting on Thursday to discuss the progress of Yahoo. Unfortunately for CEO Carol Bartz, Yahoo!'s reported earnings are not at targeted levels. Shareholders may be becoming impatient and frustrated with Bartz's leadership and her plans for improving the company, according to...