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Yahoo’s chief executive Scott Thompson apologized to the company’s employees Monday, but did not say he has plans to step down. Thompson has been under fire since an investor vying for control of the company, Daniel Loeb, sent a letter Thursday to Yahoo’s board about the executive’s academic record. Yahoo later confirmed that while Thompson had listed a degree in computer science in his biography, he had never been awarded that degree.

Activist hedge fund investor Third Point, which has called for Yahoo Inc Chief Executive Scott Thompson's ouster over resume padding, sent a legal letter to the internet company demanding it provide access to all documents relating to the hiring of the CEO.

Yahoo Inc could be weeks away from selling 15 to 25 percent of Alibaba Group's stock back to China's largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties' previous negotiations, a person familiar with the matter said.

A disgruntled Yahoo shareholder questioned the qualifications and integrity of recently hired CEO Scott Thompson after exposing a misrepresentation about the executive's education.

Yahoo said its new chief executive, Scott Thompson, didn't earn a degree in computer science as stated in a recent securities filing, citing an "inadvertent error."

Yahoo returned legal fire against Facebook in the companies' ongoing patent dispute, calling Facebook's recent countersuit slapdash and asserting two new patents against its younger peer.

Katie Couric is launching a weekly Web series for Yahoo Inc. and ABC News in which she will discuss health, nutrition, parenting and wellness issues....

A week after announcing a painful round of job cuts, Yahoo CEO Scott Thompson unveiled a plan Tuesday that will reorganize the company into three main divisions focused on users, advertisers and technology.

Yahoo is laying off 2,000 employees as new CEO Scott Thompson sweeps out jobs that don't fit into his plans for turning around the beleaguered Internet company. The cuts announced Wednesday represent about 14 percent of the 14,100 workers employed by Yahoo.

Facebook said Tuesday that it has filed a countersuit against Yahoo, claiming that Yahoo violates Facebook patents that relate to photo-sharing, the news feed, tagging digital media and other Web elements that build in social features in Web sites.