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Yahoo Inc. CEO Scott Thompson resigned, succumbing to growing pressure over a fraudulent resume entry that has haunted the embattled executive since early this month. Thompson will be replaced on an interim basis by Yahoo's global media head Ross Levinsohn

Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, a source familiar with the situation said on Sunday.

For months, Yahoo has been in crisis. Market share fell. CEO Carol Bartz was fired. A Chinese tycoon said he?d buy the company.

Rather than deal with business, directors of Yahoo (Nasdaq: YHOO), the No. 3 search engine, have been busy all week in the ?resume embellishment? scandal that forced one director to quit and put the CEO under a cloud.

Lark Voorhies has come a long way from her days as Lisa Turtle on the hit NBC series, Saved By The Bell. Voorhies, who played the glamorous fashionista, was part of the original case of the show when it premiered in 1998. In a new interview with Yahoo!'s Michael Yo for his web series The Yo Show, Lark Voorhies talks about her career nowadays. But it was not her career that had people talking on Friday; it was her appearance.

The battle for control of Yahoo (Nasdaq: YHOO), the No. 3 search engine, will be fought next Thursday, the company confirmed.

Third Point, the New York hedge fund that owns 5.8 percent of Yahoo (Nasdaq: YHOO), the No. 3 search engine, scored another victory late Tuesday as the company formally announced a director would quit.

Third Point Capital, the New York hedge fund with a 5.8 percent stake in Yahoo (Nasdaq: YHOO), the No. 3 search engine, has scored again. Also, Yahoo's director has agreed to quit.

Activist investor Third Point Capital has drawn blood in its war to knock out management of Yahoo (Nasdaq: YHOO), the No. 3 search engine: CEO Scott Thompson has apologized for lying.

Shares of Yahoo (Nasdaq: YHOO), the No. 3 search engine rose slightly after dissident investor Third Point Capital demanded access to confidential data.

Shares of Yahoo (Nasdaq: YHOO), the No. 3 search engine rose after the company said it was reviewing challenged backgrounds of top executives.

The companies whose shares are moving in pre-market trade Monday are: GTSI Corp, Tata Motors, Frontier Communications, Yahoo, National Bank of Greece, Cognizant Technology Solutions, American International Group, Southern Community Financial, Huntsman Corp. and Genworth Financial Corp.

Two weeks from now, management at Facebook (Nasdaq: FB), the No. 1 social network, will likely be partying. CFO Dave Ebersman probably will be tallying up at least $6.3 billion in cash from its initial public offering.

Yahoo Inc. could be weeks away from selling between 15 percent and 25 percent of Alibaba Group's stock back to China's largest online commerce company, in a deal designed to eliminate complexities that had scuttled the parties' previous negotiations, a person familiar with the matter said.

Facebook (Nasdaq: FB), the No. 1 social network, has decided to pitch its initial public offering of 337.4 million shares at $35 apiece, which could raise as much as $13.6 billion, assuming over-allotment options.

Yahoo CEO Scott Thompson is under fire after an activist hedge fund found that he had embellished his resume regarding details on his academic credentials, prompting the board of directors of Yahoo Inc. to launch a probe into records about their chief executive office.

Shares of Yahoo Inc. (Nasdaq: YHOO), the No. 3 search engine, shrugged off a new charge by activist shareholder Third Point that new CEO Scott Thompson falsified his credentials.

Assuming the $77 billion initial public offering by Facebook is approved, investors will likely clamor for shares just as in earlier web frenzies for Netscape Communications, Yahoo (Nasdaq: YHOO) and Google (Nasdaq: GOOG).. But dangers loom.

Stock index futures crept higher on Tuesday after sharp market losses in the previous session but continued concerns about Europe's debt crisis could mean gains will be slight.

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.37 percent, Dow Jones futures up 0.35 percent and Nasdaq 100 futures up 0.48 percent at 4:35 a.m. EDT.

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.37 percent, Dow Jones futures up 0.35 percent and Nasdaq 100 futures up 0.48 percent at 4:35 a.m. EDT.

A viral video called We're Not Young currently sweeping the internet and created by Yahoo portrays a sobering image of life as a 30-something as a counter-point to the hit song We Are Young, by Fun (and featuring Janelle Monae), which portrays 20-something life as free-wheeling and fun. Check out the spoof and the original video here.

Microsoft (Nasdaq: MSFT), the world's biggest software company, is expected to report slightly lower third-quarter results Thursday, despite the slight uptick in PC sales.

Yahoo Inc reported an uptick in revenue that marked its first quarterly sales growth in three years, as new Chief Executive Scott Thompson outlined his plan to revamp the struggling Web company.

Yahoo Inc reported a modest uptick in first-quarter revenue and beat Wall Street's profit targets, as the Web company moves to revamp its growth under new Chief Executive Scott Thompson.

Yahoo! Inc. (Nasdaq: YHOO), the No. 2 search engine, said Tuesday its first quarter revenue increased 1 percent to $1.07 billion from the prior year as web traffic rose, beating estimates.

Yahoo Inc hired PayPal's former head of products to help oversee its newly-formed commerce group, as the Web pioneer looks for new ways to reignite growth.

Yahoo! Inc. (Nasdaq: YHOO), the beleagured No. 2 search engine, is expected to have flat revenue and earnings in the first quarter as it seeks to turn around stagnant advertising and search divisions under its new CEO.

When Google (Nasdaq: GOOG), the most popular search engine announces first-quarter results after Thursday’s market close, the biggest question will be about overall revenue. Will it regain momentum lost in the fourth quarter?