Yahoo Inc. said Monday it reached a settlement with activist investor Carl Icahn that will put him and two of his nominees on an expanded board of directors.

Yahoo Inc will appoint activist investor Carl Icahn and two members of his slate of directors to the company's board, settling a proxy battle ahead of its August 1 annual shareholders meeting.

SAN FRANCISCO – One of Yahoo Inc.’s largest shareholders is supporting the re-election of the Internet company’s incumbent board, delivering a significant blow to an attempted coup being led by activist investor Carl Icahn.

Yahoo Inc.'s board won the support of a major shareholder on Friday, providing a much-needed boost to the Web portal as it tries to fend off an attempted shakeup by investor activist Carl Icahn. Legg Mason Inc.'s Capital Management unit, which controls 4.4...

TOKYO, July 19 (UPI) -- Yahoo Inc.'s chief executive says he's considering selling the Internet search engine's stake in its Japan-based subsidiary.

Yahoo Inc's second largest institutional shareholder Legg Mason Capital Management said on Friday it will back Yahoo's board, dealing a blow to a billionaire investor Carl Icahn's efforts to get a rival board slate elected.

Fund manager Bill Miller, one of Yahoo Inc's top shareholders, dealt a blow on Friday to billionaire investor Carl Icahn's two-month campaign to replace the Internet firm's directors, throwing his support behind Yahoo's current board.

In a rare slip for Google Inc , Yahoo Inc and Microsoft Corp gained share as Google lost ground in the Web search market in June, industry data released on Friday shows.

SAN FRANCISCO -- One of Yahoo Inc.'s largest shareholders is supporting the re-election of the Internet company's incumbent board, delivering a significant blow to an attempted coup being led by activist investor Carl Icahn.

Yahoo Inc on Thursday warned its shareholders that billionaire Carl Icahn's agenda presents a "significant risk" to their investment, and reiterated that it would only sell itself to Microsoft under the right terms.