SAN FRANCISCO, Jan 17 (Reuters) – Yahoo Inc
co-founder Jerry Yang has quit the company he started in 1995,
appeasing shareholders who had blasted the Internet pioneer for
pursuing an ineffective personal vision and impeding investment
deals that could have transformed the struggling company.

Yang’s abrupt departure comes two weeks after Yahoo
appointed Scott Thompson its new CEO, with a mandate to return
the once-leading Internet portal to the heights it enjoyed in
the 1990s.

SAN FRANCISCO (Reuters) – Yahoo Inc co-founder Jerry Yang has quit the Internet company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that may have transformed the struggling company.

Yang’s abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s.

SAN FRANCISCO (Reuters) – Yahoo Inc co-founder Jerry Yang has quit the Internet company he started in 1995, potentially appeasing shareholders who had blasted the Internet pioneer for impeding efforts to revive the struggling Web company.

Yang’s abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, and after growing criticism of Yang and his handling of affairs dating back to an aborted sale to Microsoft. Yang is leaving the company’s board of directors as well as all other positions within the company effective Tuesday, the company said.

SAN FRANCISCO (Reuters) – Google Inc’s strong holiday-quarter results may take a backseat to growing concerns about long-term margins after it dives into a fiercely competitive smartphone market through its $12.5 billion acquisition of Motorola Mobility Holdings.

Shares in the Internet search and advertising leader, which reports fourth-quarter results on Thursday, scaled a four-year high of $670.25 this month on expectations it benefited from strong online holiday shopping.

SAN FRANCISCO (Reuters) – Twitter lashed out at changes Google Inc unveiled for its search engine on Tuesday, describing the changes as “bad” for consumers and for Web publishers.

Twitter, a microblogging service which allows its users to broadcast short, 140-character messages to groups of “followers,” said Google’s changes would make it tougher for people to find the breaking news often shared by users of its service.

By Alexei Oreskovic

(Reuters) – Apple Inc Chief Executive Tim Cook received a one-time stock award worth nearly $400 million, the largest given by a company in a decade.

The company’s board granted Cook 1 million restricted stock units (RSUs) to signal its confidence in Cook after Steve Jobs turned over the helm of the iPhone and iPad maker to his long-time lieutenant in August.

SAN FRANCISCO (Reuters) – At restaurants, at movies and at the office, checking Facebook has become a regular habit for many of the Internet social network’s more than 800 million users.

Now that habit has reached a new frontier: the automobile.

Mercedes-Benz USA is bringing Facebook to its cars, with a special version of the service that is built-in to a new in-vehicle telematics system that will be unveiled at the Consumer Electronics Show in Las Vegas this week.

SAN FRANCISCO (Reuters) – Shares of Google Inc fell nearly 4 percent on Monday, after Motorola Mobility Holdings Inc’s warning of worse-than-expected financial results raised concerns about Google’s pending acquisition of the smartphone maker.

The $12.5 billion acquisition of Motorola, the largest in Google’s history, is expected to close early this year.

By Alexei Oreskovic and Nadia Damouni

(Reuters) – Yahoo Inc is searching for new members for its board of directors, following its hiring of a new chief executive, according to a person familiar with the matter.

The struggling Internet company also disclosed on Friday that new CEO Scott Thompson will receive a compensation package that could be worth as much as $27 million.