Tweet SAN FRANCISCO (AP) — Yahoo’s dysfunctional turnaround efforts have morphed into a Silicon Valley soap opera, one that has taken another strange twist with the Internet company’s ousting of CEO Scott Thompson just four months after his arrival…. See more here: Yahoo soap opera features new cast of leaders  Read More →

Tweet SAN FRANCISCO (AP) — Yahoo ended Scott Thompson’s four-month stint as its CEO without giving him a severance package, according to documents filed Monday…. Visit link: Yahoo sends CEO packing without severance package  Read More →

Tweet (Reuters) – Ally Financial Inc’s mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international operations to help set it on a path to repaying $12 billion in U.S. The rest is here: Ally aims to end mortgage woes with ResCap filing  Read More →

Tweet ATHENS, Greece (AP) — Greece’s politicians on Monday lurched towards a ninth day of talks to try and form a government that could handle the country’s acute financial crisis, stave off default and ensure Greece stays in the euro…. Read more here: Greek negotiations over govt to continue  Read More →

Tweet NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon came clean to stock analysts and accepted blame in a TV interview for a $2 billion trading mistake. Next he faces the shareholders, who have taken a big hit from the bank’s blunder…. Originally posted here: Next up for Dimon: Facing the shareholders  Read More →

Tweet (Reuters) – Best Buy Co Inc founder and Chairman Richard Schulze is stepping down after he failed to tell the board that former Chief Executive Officer Brian Dunn had violated company policy by having “an extremely close personal relationship” with a female employee, the electronics retailer said on Monday. See the original... 

Tweet HOUSTON (AP) — Francesca’s Holdings Corp. says that it fired its chief financial officer, saying that he improperly communicated company information through social media…. Originally posted here: Francesca’s Holdings fires CFO, boosts 1Q guidance  Read More →

Tweet DETROIT (AP) — The U.S. government is hoping that Monday’s bankruptcy filing by Ally Financial Inc.’s troubled mortgage business will help the company repay its government bailout faster…. See more here: Residential Capital seeks Chapter 11 protection  Read More →

Tweet NEW YORK (AP) — Best Buy’s founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and did not alert the audit committee…. Go here to see the original: Best Buy Chairman steps down after CEO probe  Read More →

Tweet (Reuters) – Yahoo Inc’s sweeping out of its chief executive and settling of a proxy fight with an investor open a path for stable growth for the troubled company, analysts said. Go here to see the original: Yahoo set for growth post management reshuffle: analysts  Read More →