Icahn vows to oust Yahoo directors in shareholder revolt
(AP) - Billionaire investor Carl Icahn is setting out to oust Yahoo Inc. 's board of directors for "irresponsible" and "unconscionable" actions that led Microsoft Corp. to withdraw a $47. 5 billion offer to buy the slumping Internet pioneer.
In a letter sent Thursday to Yahoo Chairman Roy Bostock, Icahn wrote that outraged Yahoo shareholders had urged him to lead a campaign to replace Yahoo's 10 directors at the company's July 3 annual meeting in hopes of bringing Microsoft back to the bargaining table.
"I believe that a combination between Microsoft and Yahoo is by far the most sensible path for both companies," Icahn wrote.
CBS in $1.8B deal for online news, info site CNet
(AP) - Media and entertainment company CBS Corp. is buying CNet Networks Inc. , an online news and information provider, for $1.
US lists polar bear as threatened species
Put at risk by global warming, the polar bear is getting a life line as the government officially has declared it a threatened species in need of increased protection.
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