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
01/29/201519:24:02MARKET SNAPSHOT: U.S. Stocks Turn Sharply Higher; Dow Gains Triple...
01/29/201519:18:05MARKET SNAPSHOT: U.S. Stocks Wrestle With Negative 2015 Outlooks;...
01/29/201519:17:07Alibaba Reports Disappointing Revenue Growth -- 4th Update
01/29/201513:32:48MARKET SNAPSHOT: U.S. Stocks Drop As 2015 Outlooks Set Negative...
01/29/201511:59:29MARKET SNAPSHOT: U.S. Stocks Aimless As Mixed Earnings Offer...
01/29/201509:02:42Alibaba Reports Disappointing Revenue Growth -- 3rd Update
01/29/201508:37:40Alibaba Reports Disappointing Revenue Growth -- 2nd Update
01/29/201507:57:22Alibaba Reports Disappointing Revenue Growth -- Update
01/29/201507:39:45Alibaba's Revenue Rises on Mobile Growth
01/28/201517:14:10U.S. Stocks End Lower
01/28/201516:51:43MARKET SNAPSHOT: U.S. Stocks Sell Off After Fed Statement
01/28/201515:28:17MARKET SNAPSHOT: U.S. Stocks Stumble After Fed Statement
01/28/201514:53:33MARKET SNAPSHOT: U.S. Stocks Fall After Fed Statement
01/28/201514:52:10U.S. Stocks Pare Gains; Apple Buoys Tech Sector
01/28/201513:41:51MARKET SNAPSHOT: U.S. Stocks Lose Steam In Choppy Trade
01/28/201513:40:40MARKET SNAPSHOT: U.S. Stocks Turn Lower Ahead Of Fed Meeting
01/28/201513:35:58MARKET SNAPSHOT: U.S. Stocks Rally As Apple Fuels Nasdaq's Outperformance
01/28/201513:31:37MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Gain As Apple Jumps...
01/28/201513:09:41MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Gain, But Others...
01/28/201509:43:09MARKET SNAPSHOT: U.S. Stocks: Techs Poised To Surge After Apple...

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