Columbia Newsblaster: Yahoo, Yang agree on cease-fire with Icahn

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Yahoo, Yang agree on cease-fire with Icahn
Summary from multiple countries, from articles in English

Yahoo s board and management earned a reprieve after a weekend deal ended a bruising and acrimonious fight for control of the company with Carl C. Icahn (article 2) Shares of the Internet company, which just settled a proxy battle with activist investor Carl Icahn, rose 2.7 percent to $21.99 in extended trade following the quarterly report. (article 9) Despite the distractions of Icahn and Microsoft, Yang said his company intended to keep looking at possible transactions. (article 9) (Paul Sakuma/Associated Press) Yahoo Inc.'s second-quarter profit fell 18 per cent, the latest sign of the financial decay that has frustrated shareholders and raised doubts about the internet company's future. (article 6) While the results released Tuesday missed analyst expectations, the performance wasn't as bad as many investors had feared after internet search and advertising leader Google Inc.'s second-quarter earnings disappointed Wall Street last week. (article 6) Yahoo bought some breathing space on Monday in its long struggle to remain independent, agreeing a ceasefire with Carl Icahn in return for giving up three board seats to the activist investor. (article 1) Some investors and analysts warned that the pact would not put an end to the bruising battle with Microsoft that has transfixed the consumer internet business for much of this year. (article 1)

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Summary from Canada, from articles in English (1 articles) [compare]

Summary from the United Kingdom, from articles in English (1 articles) [compare]

Summary from United States, from articles in English (10 articles) [compare]

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Story keywords

Yahoo, Icahn, Microsoft, Yang, board

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