IPO market heats up after Facebook freeze

NEW YORK (AP) â€" Investors showed their appetite for freshly public technology stocks on Friday, but a decidedly old-school company â€" Fender Instruments â€" bowed out of its planned initial public offering citing market conditions.Analysts were quick to isolate the guitar maker as a solo act, out of tune with the broader IPO market. The rest of the bunch did well, after all. The stock of security software company Palo Alto Networks popped 27 percent in its market debut. The stock of Kayak, the travel-booking website jumped 28 percent.So much for the "Facebook freeze." There are eight IPOs scheduled for next week. There's a security software...

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Yahoo CEO Mayer's pay package worth more than $59M

NEW YORK (AP) â€" Yahoo is giving its new chief executive Marissa Mayer a compensation package worth more than $59 million over the next several years.Yahoo Inc. said in a regulatory filing Thursday that Mayer will receive an annual salary of $1 million. She's also eligible for a $2 million bonus, and $12 million in restricted stock and stock options that will vest over several years.Meyer, who is 37 and was lured away from Google Inc., will also receive $30 million in the form of a one-time retention award if she stays at Yahoo for 5 years.Yahoo says it will also give Mayer restricted stock valued at $14 million to partially compensate her...

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Marissa Mayer's top 3 challenges as Yahoo CEO

SAN FRANCISCO (AP) â€" Like a lot of math geeks, Marissa Mayer enjoys tackling complex problems. She will find plenty of those as the latest CEO at Yahoo. The troubled company has turned into a vexing brain-twister as its financial performance has steadily deteriorated even though it still boasts one of the Internet's biggest audiences and best-known brands.Yahoo announced Tuesday another lackluster set of financial results in the second quarter. The company earned $227 million, a 4 percent decrease from a year ago. In the last five years, Yahoo's stock has tumbled 41 percent. It closed Tuesday at $15.60.Mayer, 37, will try to reverse the...

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Google exec Mayer named Yahoo CEO, 5th in 5 years

SUNNYVALE, Calif. (AP) â€" Yahoo is hiring longtime Google executive Marissa Mayer to be its next CEO, the fifth in five years as the company struggles to rebound from financial malaise and internal turmoil.Mayer, who starts at Yahoo Inc. on Tuesday, was one of Google's earliest employees and was most recently responsible for its mapping, local and location services. Mayer, 37, began her career at Google in 1999 after getting her master's degree in computer science from Stanford, the school Google's co-founders attended.Ross Levinsohn has been running the company on an interim basis and was thought to be the leading candidate after Hulu CEO...

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