Latest Business News: Yahoo Climbs 3% as Shareholders Meet

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Latest Business News: Yahoo Climbs 3% as Shareholders Meet

by Wochit 0:51 mins

Latest Business News: Yahoo Climbs 3% as Shareholders Meet

by Wochit 0:51 mins

Yahoo met with shareholders in what was a more celebratory gathering than years past. With Yahoo shares up nearly 60% since Marissa Mayer took over as CEO, shareholders face a company rejuvenated with optimism. Shares of Yahoo rose more than 3% to $24.90 in midday trading. Shareholders of Sprint Nextel Corp voted in favor of a sweetened takeover offer from SoftBank Corp , ending a contentious takeover battle for the No. 3 U.S. wireless service provider. Afte rGeorge Zimmer's abrupt firing by the Men's Wearhouse board, the company's founder has been mulling his options, including an attempt to stage a comeback at the company.

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