- Associated Press - Monday, November 26, 2012

MINOR MILESTONE: Yahoo’s stock price touched $19 for the first time in more than two and half years Monday, before ending the session up 1 percent at $18.75.

ON THE REBOUND: The gain extended a rally that started about two months ago after Yahoo Inc. CEO Marissa Mayer pledged to use most of the money from a recent $4.3 billion windfall to buy back the company’s stock. The long-slumping shares have climbed by about 20 percent since that commitment.

HIGH HOPES: More investors are starting to believe Mayer, a respected executive hired away from Google Inc. in July, will be able to turn around the troubled Internet company.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide