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;

Stock News for Yahoo! Inc. (YHOO)
10/24/201603:03:00Phone Giants Choose Divergent Paths -- WSJ
10/22/201614:39:00AT&T, Verizon Make Differing Bets as Wireless Growth Stalls
10/21/201616:15:35Statement of Changes in Beneficial Ownership (4)
10/21/201603:02:00Verizon's Subscriber Growth Plummets -- WSJ
10/20/201611:32:00Verizon Reviewing Terms of Yahoo Deal As Revenue Slides
10/20/201609:10:00Verizon Revenue Falls Below Views
10/20/201608:56:00Verizon Revenue Falls Below Views
10/19/201619:10:00Yahoo Seeks U.S. Declassification of Data-Gathering Efforts
10/19/201619:03:00Yahoo Seeks U.S. Declassification of Data-Gathering Efforts
10/19/201603:03:00Yahoo Looks to Bright Side After Breach -- WSJ
10/18/201619:27:00Yahoo Looks to Bright Side After Breach
10/18/201617:00:00Yahoo Core Revenue Drops Again
10/18/201616:57:00Yahoo Core Revenue Drops Again
10/18/201616:11:24Current Report Filing (8-k)
10/18/201616:05:00Yahoo Reports Third Quarter 2016 Results
10/17/201616:57:19Statement of Changes in Beneficial Ownership (4)
10/17/201603:03:00Keywords: Twitter Is More Media Than Tech Why Twitter Is a Media...
10/16/201615:00:00Why Twitter Is Actually a Media Company
10/15/201603:02:00Twitter Faces a Fresh Test After a Suitor Loses Interest -- WSJ
10/14/201619:34:00Salesforce Won't Pursue Bid for Twitter -- Update

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations