Yahoo Takes Icahn Fight to Homepage

He resigns from all positions, including board

(NEWSER) - Yahoo co-founder Jerry Yang has resigned as a board member and from all his other company positions. In a letter to the board's chairman, Yang said it was time for him to "pursue other interests," according to a company statement . He had faced criticism from shareholders; some believed he was holding the company back from an overhaul, the Wall Street Journal notes. But chairman Roy Bostock praised Yang's "remarkable perspective, vision and wise counsel." The company's stock price climbed some 3.7% in after-hours trading following the news. More»

Delisting could buy space for former online leader

(NEWSER) - Yahoo co-founder Jerry Yang is warming to a deal with private equity investors that would take the iconic Internet player private, reports Reuters . Among the rumored buyers—Chinese online giant Alibaba, Microsoft, and Bain Capital. Experts say going private could solve pressures coming from the market, where investors have punished Yahoo's share price because of the company's lack of growth in recent years. Yahoo accounted for 16% of the US Internet search market in August, down from 19% two years ago. More»

The job has been something of a career death trap: Analysis

(NEWSER) - Yahoo’s dismissal of Carol Bartz has left Peter Lauria of Reuters with a question: “Why would anyone want to be Yahoo’s CEO?” The place has become a career death trap, with past CEOs like Bartz, Jerry Yang, and Terry Semel emerging with bruised reputations. “They are going to have a lot of trouble filling that job,” said one tech consultant. “Anybody great is not likely to go there.” More»

Yahoo, Boeing are new entries

(USER SUBMITTED) - TheStreet.com has its least favorite companies listed on its site. It has two new additions and many returning losers. New to its list of the most egregiously poor performers is Yahoo. Both Yang and Bartz are dissed equally. Then there's Boeing—making the F grade for the so far seemingly endless delays in launching the 787 Nightm.., er, Dreamliner. More»

(AP) - Yahoo Inc. stumbled to a fourth-quarter loss of $303 million, but the Internet company withstood the recession better than analysts had expected. Yahoo's loss—officially wrapping up the Jerry Yang era—translated into 22 cents per share, compared with a profit of 15 cents per share in the prior year, when Yahoo earned $206 million. Investors seemed relieved as shares gained 41 cents in extended trading, after finishing the regular session at $11.34, up 17 cents. More»