ADVFN - Advanced Financial Network.
HOME» NASDAQ » Y » YHOO Stock Price » YHOO Stock News

Yahoo! Inc. Share News

 Yahoo! Inc. (mm) Stock Price
YHOO Stock Price
 Yahoo! Inc. (mm) Stock Chart
YHOO Stock Chart
 Yahoo! Inc. (mm) Stock News
YHOO Stock News
 Yahoo! Inc. (mm) Company Information
YHOO Company Information
 Yahoo! Inc. (mm) Stock Trades
YHOO Stock Trades

Yahoo Urges Shareholders To Back Its Board Slate; Calls Candidates 'Superior'

DOW JONES NEWSWIRES Yahoo Inc. (YHOO) again stepped up pressure on its shareholders to back the company's slate of board nominees, saying in a new letter they are "significantly superior" to those proposed by its largest outside shareholder, Third Point LLC. The parties have been arguing for months over the qualifications of their candidates ahead of the vote set for later this year. Third Point, run by hedge fund manager Dan Loeb, has a 5.8% ownership stake in Yahoo, according to FactSet Research. After Yahoo Chairman Roy Bostock and three other directors in February said they wouldn't stand for re-election to the board, Third Point said it would nominate a slate of four candidates that included Chief Executive and Founder Daniel Loeb. But Yahoo rejected Loeb as a nominee to its board, and said he had rejected the company's proposed compromise of naming one of his nominees and finding a new mutually agreeable second candidate. Yahoo named three new independent board members instead. In its letter to shareholders, released on Wednesday, Yahoo's board said it "continues to believe that Mr. Loeb himself does not bring the relevant skill set and experience to the board, particularly in comparison to the candidates selected by the board." Loeb has sharply criticized those allegations. But the online media giant's said it remains committed to an open dialogue with all shareholders and to working in a constructive manner with Third Point. Yahoo reported last month its first-quarter earnings rose a better-than-expected 28% as advertising revenue crept up, driven by improvement in its search business. Chief Executive Scott Thompson, who left eBay Inc. (EBAY) unit PayPal to join Yahoo in January, recently outlined the company's growth strategy, saying he will split Yahoo into three main groups focused on consumer-focused websites, regional ad relationships and technology assets that include data centers and Yahoo's ad platforms. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
05/03/201519:48:15Web Executive David Goldberg Dies at Age 47
05/03/201518:21:12David Goldberg, SurveyMonkey CEO, Dies at Age 47
05/01/201509:10:48Yahoo! Downgraded to Neutral at Tigress Financial (YHOO)
04/30/201516:39:14Yahoo's Other Challenge: Retaining Acquired Talent
04/30/201514:18:00Yahoo Unveils New Customer Care and Data Center in Lockport...
04/29/201518:24:12Yahoo CEO Mayer's 2014 Compensation Valued at $42.1 Million...
04/29/201518:21:06Yahoo CEO's 2014 Compensation Valued at $42.1 Million
04/29/201518:13:32Yahoo CEO Mayer's 2014 Compensation Valued at $42.1 Million...
04/29/201517:46:59Yahoo CEO Mayer's 2014 Compensation Valued at $42.1 Million
04/29/201517:20:09Statement of Changes in Beneficial Ownership (4)
04/29/201517:15:41Statement of Changes in Beneficial Ownership (4)
04/29/201517:13:32Statement of Changes in Beneficial Ownership (4)
04/29/201517:10:30Additional Proxy Soliciting Materials (definitive) (defa14a)
04/29/201517:09:36Statement of Changes in Beneficial Ownership (4)
04/29/201517:05:42Proxy Statement (definitive) (def 14a)
04/28/201517:07:20Statement of Changes in Beneficial Ownership (4)
04/27/201518:05:00Yahoo Expands Success of Digital Video Content With 18 New Series
04/26/201519:36:34Yahoo, Katie Couric Tweak the Recipe
04/24/201517:18:55Yahoo! Receives Buy Rating from SunTrust (YHOO)
04/22/201515:15:45Yahoo! Rating Reiterated by JMP Securities (YHOO)

Yahoo! Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad