Yahoo CEO faces ouster over false degree claim
San Francisco Scott Thompson ceo tenure at Yahoo is under threat after a shareholder led move to remove him over years of misstatements about his education. Activist Daniel Loeb through Third Point LLC demands Thompson be fired by noon Monday amid scrutiny of dual degrees.
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Job growth slows again in April signaling faltering economy
The Labor Department reports 115,000 new jobs in April, well below expectations and the fewest since October, while the unemployment rate dips to 8.1 percent as workers leave the labor force. Analysts warn momentum is faltering, with Romney and Obama weighing in as markets fall and oil slides.
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Feds set new drilling rules on public land
The Obama administration will require companies drilling on public and Indian lands to disclose chemicals used in hydraulic fracturing. The proposed rules set well construction and wastewater disposal standards and aim to protect health while allowing continued drilling. Interior Secretary Salazar said the rules modernize well stimulation and ensure transparency about underground injections. The plan would let reports be filed after drilling, not before, to avoid delays, with exemptions for trade secrets.
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Black released from U S prison returns to Toronto estate
Ex media mogul Conrad Black arrived in Canada on Friday after three years in U S prison for defrauding investors. He was seen at his Bridle Path Toronto estate with wife Barbara Amiel greeting the gates to collect their two dogs. Amiel said they will be fine and noted the long ordeal.
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