Yahoo has hired UBS and Allen and Co. to help it navigate a period in which it is dealing with an activist shareholder and trying to determine ways it can enhance value, according to people close to the company. While the investment banks have not been hired to try and find buyers for the company, they will also help the board navigate any offers, should any arise.
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Yahoo shares surged Thursday after an activist investment hedge fund announced it had purchased a stake in the company and amid rumors that Yahoo's co-founder may be trying to buy back the company.
Stocks ended lower in volatile trading Thursday after Fed Chairman Ben Bernanke failed to provide additional detail on how to boost the weakening U.S. economy and as investors looked ahead to President Obama's jobs speech later this evening.
Discussing the brouhaha at Yahoo and other stocks to watch, with CNBC's Herb Greenberg.
Yahoo landed back on the Fast trader's radar after Third Point's Dan Loeb bought up shares and slammed the board. So is now the time to jump in on the Internet giant?
Just out: Dan Loeb's letter slamming the Yahoo board.
Carol Bartz’s blunt statement that she had been fired from her post as CEO of Yahoo immediately ignited a debate regarding whether her email brought more transparency to corporate America or was merely an unprofessional tirade, the New York Times reports.
Discussing corporate profits for the tech industry, with Richard Sherlund, Nomura head of U.S. technology equity research, and CNBC's Jim Cramer.
Yahoo has been one of the most-visited sites on the Internet since its glory days as a Web portal. Yet as the rest of the Internet moved on to social networks and mobile devices, Yahoo has failed to keep up. The New York Times reports.
Both companies are better off after having fired key executives, Cramer said.
Yahoo! landed on the trader radar Wednesday after the board stunned investors and fired CEO Carl Bartz over the phone.
The firing of Carol Bartz is sure to bring a spate of speculation involving the sale of Yahoo. But while such rumors have already started, one thing seems certain: Yahoo is not having a good quarter.
Although employment growth ground to a halt in August, many companies and industries are still hiring. In an interview with CNBC, Matt Ferguson, CEO of CareerBuilder, detailed the companies and industries that continue to hire.
The Street Signs team shares their list of CEOs that could potentially be in the hot seat, with Jon Rettinger, TechnoBuffalo.com president, and CNBC's Herb Greenberg.
Trader Brian Kelly has spotted a very bearish pattern in the chart of gold.
Shares are rallying on the news, but is a sale Yahoo's next best move? Insight on what's next for the tech company, with Colin Gillis, BGC Financial.
Futures extended their rally Wednesday, attempting to rebound from a three-day decline, following a German court ruling in favor of the country's participation in Greece bailout.
A look at what is next for Yahoo, after firing its CEO, with David Garrity, GVA Research principal, who weighs in how this will impact the stock.
Will the search giant look to sell itself before it finds a permanent replacement for Bartz? Youssef Squali, Jefferies & Co., weighs in with potential suitors.