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News Summary: Yahoo stock extends recent rally

Monday - 11/26/2012, 4:46pm  ET

By The Associated Press

(AP) - MINOR MILESTONE: 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.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)