Yahoo! landed on the trader radar Wednesday after the board stunned investors and fired CEO Carl Bartz over the phone.
Stocks finished near session lows in choppy trading Wednesday, with the Dow and S&P wiping out all of the previous session's gains led by financials, as investors continued to cautiously monitor developments in the European banks.
Futures continued to decline Wednesday after the previous session's sharp rally as investors remained cautious over the prospects for the U.S. economy and the ongoing euro zone crisis.
The Yacktman Fund's Donald Yacktman, the mutual-fund manager with the best record in the past 10 years, has boosted his holdings in out-of-favor stocks, including Cisco, Research In Motion and scandal-plagued News Corp., according to a report from TheStreet.
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