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New Yahoo CEO sweeps out 2,000 employees in purge

(AP) -- Yahoo's turnaround attempt is going to be messy. In his first three months on the job, CEO Scott Thompson has imposed the largest layoffs in the company's 17-year history, reshaped the board of directors, picked ...

Major Yahoo shareholder launches board challenge

(AP) -- A major Yahoo shareholder has launched a campaign to win four seats on the Internet company's board, setting the stage for a nasty battle that could drag on for months.

Yahoo board battle may begin within the next week

(AP) -- A potentially nasty battle to reshape Yahoo's board of directors will begin within the next week unless the troubled Internet company submits to the demands of a major shareholder.

Yahoo! to lay off 'thousands': report

Yahoo! is preparing to lay off thousands of workers in a sweeping restructuring being launched less than three months after CEO Scott Thompson took control, according to a report Monday.

Alibaba to reach out to Yahoo CEO on stalled deal

(AP) -- Alibaba Group and Japan's Softbank will go directly to Yahoo's chief executive, bypassing negotiators from the U.S. Internet company, after talks over the sale of Yahoo's Asian holdings broke down, a person familiar ...

Yahoo faces investor mutiny as Asia talks unravel

(AP) -- Yahoo's hopes for a fresh start under a new CEO faded Tuesday as its closely watched discussions to sell most of its Asian holdings unraveled and a frustrated shareholder announced that he will try to seize four ...

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