Michael Wolf


Michael Wolf News

  • Payrolls Rose in Most U.S. States in March, Led by Florida

    Payrolls climbed in 34 U.S. states in March and unemployment rates fell in 21, showing the job market was making progress across much of the world’s largest economy.

  • Austrian Money Printer Paid Bribe for Contracts, Prosecutors Say

    Former executives at the Austrian central bank’s banknote-printing unit paid bribes to get contracts from the Azeri and Syrian national banks, prosecutors said on the first day of trial in Vienna.

  • Four Arrested in Austrian Money-Printer Bribe Investigation

    Austrian authorities arrested four people last week over suspicions the country’s money printer paid bribes to get new business and that executives received kickbacks, according to lawyers for two of the accused.

  • Dan Loeb Helped Himself, Not Yahoo

    Dan Loeb, the billionaire founder and principal owner of Third Point LLC, the $14 billion activist hedge fund, has made about $1 billion for himself and his investors from a two-year crusade to increase Yahoo! Inc.’s stock price. He’s been extraordinarily successful; the shares trade for about $33 these days, up from about $13.50 when Loeb started buying them in September 2011.

  • Yahoo CEO Departs Amid Inquiry; Loeb Wins Board Shake-Up

    Yahoo! Inc. said Chief Executive Officer Scott Thompson stepped down after failing to correct errors in his credentials and the company revamped its board, handing a victory to activist investor Daniel Loeb, who pushed for the overhaul and said the Web portal is mismanaged.

  • Yahoo CEO Departs Amid Inquiry; Loeb Wins Board Shake-Up

    Yahoo! Inc. said Chief Executive Officer Scott Thompson stepped down after failing to correct errors in his credentials and the company is revamping its board, handing a victory to activist investor Daniel Loeb, who pushed for the overhaul and said the Web portal is mismanaged.

  • Third Point Asks Yahoo to Replace Thompson With Interim

    Yahoo! Inc. investor Third Point LLC escalated pressure for management change at the Web portal, urging directors to immediately replace Chief Executive Officer Scott Thompson over his misrepresented academic credentials.

  • Yahoo Buys Back Third Point Shares as Loeb Exits Board

    Yahoo! Inc. director and activist investor Daniel Loeb is leaving the board and selling $1.16 billion of his stake back to the company, capping an almost two- year effort to revamp the Web portal.

  • Pennsylvania AG Kane Won’t Defend State Gay-Marriage Ban

    Pennsylvania Attorney General Kathleen Kane said she won’t defend a court challenge to the state’s same-sex marriage ban, which she called “wholly unconstitutional.”

  • Yahoo Names Webb as Chairman in Mayer’s Turnaround Push

    Yahoo! Inc. said it’s appointing Maynard Webb as chairman, as Chief Executive Officer Marissa Mayer continues a turnaround effort of the Internet company.

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