Yahoo! Inc. Chief Executive Officer Marissa Mayer, who has overseen an almost 150 percent stock rally fueled by her company’s stake in Alibaba Group Holding Ltd., is poised to pare that ownership -- a move that threatens to diminish the U.S. Web portal’s investor appeal.
Yahoo! Inc.’s Ross Levinsohn, who was interim chief executive officer, is leaving today after the board passed him over for the top job and unexpectedly recruited Marissa Mayer, a former Google Inc. executive.
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.
Yahoo! Inc. Chief Executive Officer Scott Thompson, hired from EBay Inc. in January to turn around the struggling Web portal, is stepping down after his academic credentials were misrepresented, according to a person with knowledge of the matter.
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.
Washington Post Co.’s sale of its flagship newspaper to billionaire Jeff Bezos rids the company of its weakest division, letting it focus on a once high-flying education business now beset by government scrutiny.
Linde AG agreed to acquire Lincare Holdings Inc. for about $3.8 billion to add U.S. oxygen and respiratory therapy services delivered to the home, in the German company’s biggest acquisition since 2006.