DealZone

Yahoo Inc appointed Scott Thompson as its chief executive, replacing interim CEO Tim Morse who will resume his role as chief financial officer.

Who is Scott Thompson? The Wall Street Journal has a brief introduction of the former PayPal boss.

2011 may go down as the dark ages for hedge funds, the DealBook writes.

MF Global unloaded hundreds of millions of dollars’ worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions.

Exxon Mobil is in talks to sell most of its 50 percent stake in TonenGeneral Sekiyu KK back to its Japanese refining partner and unload other assets in Japan in a deal that could be worth as much as $5 billion, four sources with knowledge of the matter said.

Groupon’s shares, which have fallen below the company’s initial public offering price, show that both merchants and investors are having second thoughts about the nascent daily-deal industry, Bloomberg reports.