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Yahoo names Jerry Yang new CEO(AP)Updated: 2007-06-19 08:39
Just last week, Semel assured shareholders attending Yahoo's annual meeting that he had the fortitude to lead a comeback. He has been counting on recent improvements to Yahoo's online advertising system and a series of key partnerships to boost profits after the company suffered an 11 percent drop in its first-quarter earnings. In Monday's conference call, Decker said the advertising upgrade, known as Panama, is delivering results that so far have exceeded management's expectations. Yahoo shares gained 81 cents finish at $28.12 Monday, then surged $1.14, or 4.1 percent, in the extended session.
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