Yahoo singing the blues
August 10, 2012: 11:58 AM ET
Shares of Yahoo (YHOO) were down Friday after the company's new CEO, Marissa Mayer, said she's reviewing Yahoo's business strategy.
That's not usually a bad thing but it's making investors nervous.
That might be because the review could lead to changes in the restructuring plan the company has already started to implement. It could also throw a wrench into a previously announced plan to return the cash it generated from a deal to sell its stake in the Chinese conglomerate Alibaba Group to shareholders.
In late May, Yahoo agreed to sell half of its 40% stake in Alibaba back to Alibaba for $7.1 billion.
Is Mayer going to far to fast? StockTwits users weigh in.
Catherine Tymkiw is the markets editor at CNNMoney. She oversees the site's markets coverage, including stocks, bonds, banking, IPOs, emerging markets, Europe, commodities and currencies. She was previously the online editor at Crain's New York Business and has over a decade of reporting experience, covering commodities and financial markets.
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