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Time Warner said it would split AOL's dial-up Internet and advertising businesses into separate divisions by early 2009, a move that could ease a sale or merger of either business.
Just when you thought the Yahoo vs. Microsoft, Microsoft vs. Yahoo, shareholders vs. Yahoo saga had finally come to a whimpering close.
The company is recounting the shareholder vote for its board of directors after discovering that a tabulating firm failed to register the opposition of a major investor.
One of Yahoo's largest and most critical shareholders, Capital Research Global Investors, said on Monday it had asked for a probe of last week's shareholder vote, a move that calls into question the strong showing for Chief Executive Jerry Yang.
The Dow closed lower on Friday after General Motors reported hefty losses and new data showed U.S. employers cut jobs for the seventh straight month.
So after all the high drama, the passion, the verbal assaults, the hand-wringing, the concerns, worry and bitterness, Yahoo's shareholders have spoken. And they are resoundingly supporting the current board of directors. And I mean resoundingly...
This is inside the San Jose Fairmont's cavernous Imperial Ballroom. And I'm struck at the number of empty chairs here. The room holds 1,000 people. There might be 200 chairs taken. There are mountains of pastries outside the door. Most of it untouched.
I'm in downtown San Jose's Plaza Park, across from the Fairmont Hotel where today's Yahoo shareholder showdown will occur.
The jobs data is the make or break number for markets Friday. The monthly data, reported at 8:30 a.m., is expected to show a decline of 75,000 non-farm payrolls and an unemployment rate of 5.5%.
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Tech watchers have their eye on the next big thing that could move the market Friday and whispers are swirling that it will come out of the Yahoo! shareholder meeting.
Investor Carl Icahn, who ran a heated proxy battle to unseat the Yahoo board and oust its chief executive, said he will not be attending the Internet company's annual meeting Friday.
Sure the company and its nemesis, Carl Icahn, have joined forces so that bitter proxy contest could be eliminated. But that doesn't mean they've pushed their differences aside, or that general shareholder bitterness doesn't remain.
Yahoo has a lot of persuading to do Friday. At its annual meeting, Yahoo will have to show frustrated shareholders how it plans to move forward in the wake of dead-end buyout talks Microsoft. This against the background of Carl Icahn on its board and the sale of T. Boone Pickens Yahoo stake ahead of the meeting.
In all the seven seas, there is no bigger whale than Carl Icahn. Should you trade in his wake?
The Dow surged by triple digits on Tuesday as oil prices fell and Merrill Lynch’s latest write-down raised hopes of a turning point in the credit crisis.
The Texas billionaire unloads 10 million shares of the company, citing frustration over the way management handled the Microsoft situation.
Putnam's Kevin Divney sees a dramatic difference between the tech-gadget company and the Web portal -- and offers advice on owning their stocks.
Fund manager John Paulson made billions betting against subprime-backed securities. Should you trade in his wake?
Yahoo's second-largest shareholder is considering withholding votes for Chairman Roy Bostock and CEO Jerry Yang as disappointment over the Internet company's decision to shun a merger with Microsoft continues to create a rift among stakeholders, the New York Post reported.