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Consumer Corner: Foreclosure settlement no magic bullet for economy
SUNNYVALE, Calif., Jan. 13 (UPI) -- Yahoo! Inc. said Carol Bartz, the former chief executive officer of California software company Autodesk, will take over its reins from Jerry Yang.
Bartz led Autodesk, which produces software for architects and engineers, from 1992 to 2006 the Los Angeles Times reported Tuesday. She is currently the company's executive chairwoman.
Bartz also worked stints at Sun Microsytems and Digital Equipment Corp.
Yahoo! CEO Jerry Yang, a co-founder of the company, is expected to stay on as a member of company's board. Along with the maneuvering, Yahoo! President Susan Decker, who applied for the CEO post, will now leave the company, The Wall Street Journal reported.
Bartz's challenges include turning around Yahoo!, which has recently experienced sliding stock prices and faces an uphill battle squaring up with its larger rival Google Inc.
It also remains to be seen whether Bartz's appointment will rekindle discussions with Microsoft, which failed in a bid to buy Yahoo! last year.
Microsoft CEO Steve Ballmer said recently that a transition to new leadership could set the stage for renewing negotiations for Yahoo!
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WASHINGTON, Feb. 14 (UPI) --
White House critics say raising taxes on domestic energy is bad policy, though supporters counter the U.S. budget addresses the energy sea change.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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