Yahoo! Inc., the largest U.S. Web portal, appointed Yelp Inc. Chairman Max Levchin to its board, as Chief Executive Officer Marissa Mayer works to restore management stability and reverse three years of revenue declines.
Akamai Technologies Inc., the operator of a server network that lets businesses speed data delivery, forecast fourth-quarter sales that topped some analysts’ estimates. The shares rose as much as 14 percent.
David Kenny, a Yahoo! Inc. board member, said he isn’t a candidate to become chief executive officer at the company, squelching speculation sparked by his resignation last week as president of Akamai Technologies Inc.
Publicis Groupe SA said its supervisory board accepted the resignation of David Kenny from the management board and appointed Jean-Yves Naouri as chief operating officer as of July 1, according to an e-mailed statement from the company today.
Akamai Technologies Inc. President David Kenny urged U.S. corporations to be more vigilant about network security, following a wave of cyber-security attacks on companies such as Sony Corp. and Lockheed Martin Corp.