Yahoo investors applaud change, fear limbo

After a tumultuous year and a half, Ron Johnson is replaced by former JCPenney CEO Mike Ullman.

SAN FRANCISCO (Reuters) - Yahoo Inc's new chief executive, Marissa Mayer, and Ross Levinsohn, the executive whom she replac

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.

TOKYO (Reuters) - A New York-based hedge fund with a reputation as an activist investor has proposed that Sony Corp spin off its entertainment division via an IPO, saying the move could boost the Japanese electronics firm's shares by as much as 60 percent.

(Reuters) - Ross Levinsohn, Yahoo Inc's former interim chief executive, has been appointed chief executive of the newly created Guggenheim Digital Media, the digital arm of private equity firm Guggenheim Partners.

By Stock Croc:Yahoo (YHOO) has been in the news quite a bit over the past few months as the company attempts to take several steps to regain its financial footing. One of the most recent efforts involves the company trying to fend off criticism from not firing its CEO for lying on his resume.