(Reuters) - Yahoo Inc's new interim chief executive is a signal to Wall Street that the company is returning to a media-centric strategy, even as the its weekend deal with activist hedge fund Third Point raises new questions about its future.
Yahoo Inc's new interim chief executive is a signal to Wall Street that the company is returning to a media-centric strategy, even as the its weekend deal with activist hedge fund Third Point raises new ...
Yahoo! Inc.’s (NASDAQ:YHOO) potential plans to spin off its 15% stake in Alibaba Group Holding Ltd (NYSE:BABA) could result in its core enterprise becoming an attractive takeover prospect according to a recent article published on The New York Times. The article cited a variety of analysts to substantiate its claim. Yahoo stock is down around 6% today after Alibaba reported lower-than-expected revenues in its December
By Adam Muller:Activist investing is exciting. When a very accomplished hedge fund manager decides that a company is not only undervalued, but undervalued because of dramatic mismanagement, poor leadership, and a dysfunctional board of directors, it becomes a very public situation, allowing other investors to assess the merits of the position and, if they so choose, to jump on the bandwagon and go for a ride.
Yahoo! Inc. (NASDAQ:YHOO) stock price had been stuck in a rut until activist hedge fund manager Dan Loeb pressurized the company’s Board into giving the position of CEO to Marissa Mayer. While Ms. Mayer has more critics than the average CEO, nobody can deny that Yahoo’s stock price has risen approximately 200% during her tenure.
By Insider Monkey:
Corporate insiders have material non-public information about their companies. They sometimes even trade on such information. Hedge funds sometimes also can obtain material non-public information and trade on it. This is illegal and those insiders and hedge fund managers may be caught and be sent to prison one day. However, ordinary investors can benefit from material non-public information by imitating the investments of insiders, which is totally legal.
UBS chief executive officer, Oswald J Grübel, has resigned.
The news comes days after losses at Switzerland’s biggest bank by alleged rogue trader, Kweku Adoboli, were estimated at $2.3 billion.
Sergio P Ermotti has been named interim group chief executive officer, with immediate effect.