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News Summary: Yahoo stock extends recent rally

Source : AP
Last Updated: Mon, Nov 26, 2012 22:00 hrs

: Yahoo's stock price touched $19 for the first time in more than two and half years Monday, before ending the session up 1 percent at $18.75.

ON THE REBOUND: The gain extended a rally that started about two months ago after Yahoo Inc. CEO Marissa Mayer pledged to use most of the money from a recent $4.3 billion windfall to buy back the company's stock. The long-slumping shares have climbed by about 20 percent since that commitment.

HIGH HOPES: More investors are starting to believe Mayer, a respected executive hired away from Google Inc. in July, will be able to turn around the troubled Internet company.




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