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Yahoo's embattled co-founder Jerry Yang is off the board, but for disgruntled investor Third Point LLC, that's not good enough. The hedge fund with a 5.2% stake in Yahoo wants to take down Chairman Roy Bostock and potentially three other directors.
There's never a dull moment on Wall Street, especially now that we're hitting 2012's first earnings season. What will help shape the week that lies ahead? Earnings and answers from banks, Google, eBay and IBM, and a big education related announcement from Apple.
It'll be an interesting week in the news of the new: Yahoo has a fresh CEO, auto shows and the CES will show off the latest in cars and tech, and a major homebuilder will tell us how new construction is doing. (Oh, and JP Morgan will give us a clue about how the banks are faring.)
You're not going to fall for the old Nigerian prince scam anymore -- but the fraudsters know that, and they've moved on, too. Here are some financial scams that made the rounds in 2011 -- and will likely be back in some form this year.
On Wednesday, Yahoo named Scott Thompson as CEO. He's a former PayPal president and veteran technologist -- and that's the trouble: Yahoo is following the same strategy that led it to hire Carol Bartz, who was ousted for failing to turn the company around.
It's a fundamental principle of human nature: The pain of loss is stronger than the pleasure of gain. So can the pain of potentially losing some cash motivate Americans to keep their commitments to exercise?
There's a new daily deals player, and it's a company that's near and dear to your virtual pocketbook. And if you think the online coupons sector is too saturated for a fresh entry to make a dent, you're ignoring a few important things about PayPal.
Traditional phishing -- where hackers attempt to acquire personal data from individuals in hopes of defrauding them -- is bad enough. But even more alarming is the rise of a new kind of attack: "spear phishing."
In a joint effort with PayPal, Facebook launched a new app this week that could remake the money-transfer business. We test drove Send Money, a cheap -- sometimes free -- method for moving funds between you and members of your social network.
New startup Booktracks is creating soundtracks for e-books with technology that tracks your reading speed and syncs the sound perfectly to the text. The company promises it will revolutionize reading, and authors like Salman Rushdie and Jay McInerney are giving it a try. But do books really need a Hollywood makeover?

Market Movers

SymbolLastChange / %Volume

Most Actives

BAC
Bank of America Corp
8.07-0.11
-1.34%
254.23M
ALU
Alcatel-Lucent (ADR)
2.19+0.25
+12.89%
122.18M
GE
General Electric Company
18.88-0.26
-1.33%
109.55M
F
Ford
12.44-0.25
-1.97%
52.49M

% Gainers

CIE
Cobalt International Energy
31.68 +7.78
+32.55%
18.42M
LNKD
LinkedIn Corp.
89.96 +13.57
+17.76%
13.27M
ALU
Alcatel-Lucent (ADR)
2.19 +0.25
+12.89%
122.18M
WNS
WNS (Holdings) Limited (ADR)
10.50 +1.10
+11.70%
3.07M

% Losers

NBG-A
National Bank of Greece SA (ADR)
5.72-1.03
-15.26%
188,505
OSG
Overseas Shipholding Group, Inc.
10.18-1.65
-13.95%
1.88M
AB
AllianceBernstein Holding LP
14.35-2.16
-13.08%
1.30M
OC-B
Owens Corning (Warrant) 'B'
2.31-0.34
-12.83%
26,436
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