NEW YORK — Activist investor Carl Icahn is resigning from Yahoo’s board of directors because he no longer has enough time to devote to the Internet company. In his resignation letter Friday, Icahn praised Yahoo’s current CEO, Carol Bartz, whom the board hired in January to engineer a turnaround at the Sunnyvale company. Bartz replaced Yahoo co-founder Jerry Yang, whom Icahn had been trying to get fired before he negotiated a truce that put him on the company’s board nearly 15 months ago.


 
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If you are a fan of the NFL, you may not realize it but have probably seen John Thompson in the end zone at a Cleveland Browns games dressed in his signature dog mask wearing an orange construction hat wielding a rubber bone in a frenzy. Thompson has been attending Browns games in his costume for 25 years and has become known as “Big Dawg.” And if you ever played a video game, you have probably played or heard of Madden NFL manufactured by Electronic Arts.

nytimes.com : It is well known that during the nation’s gale-force recession, many older Americans who dreamed of retirement continued to work, often because their 401(k)’s had plunged in value. In fact, there are more Americans 65 and older in the job market today than at any time in history, 6.6 million, compared with 4.1 million in 2001. Read the whole story: nytimes.com

The U.S. Chamber of Commerce demanded that the company providing Internet service for the Yes Men shut down their site on Tuesday, claiming the spoof troupe’s fake version of the Chamber’s site constituted copyright infringement. “The Website infringes the Chamber of Commerce’s copyrights by directly copying the images, logos, design, and layout of the Chamber of Commerce’s copyright-protected official website,” said the letter from the Chamber’s lawyers, who threaten “legal liability” for the service provider, Hurricane Electric.

ft.com : John Meriwether, the hedge fund manager and arbitrageur behind Long-Term Capital Management, is in the process of setting up a new hedge fund — his third. The move comes barely three months after Mr Meriwether decided to close his second fund manager, JWM Partners, which was wound down after clients saw the value of their investments fall by more than 44 per cent over the course of the financial crisis. Read the whole story: ft.com


 
 The Hartford Financial Services Group Inc. has introduced a variable annuity that allows clients to allocate dollars into a built-in income component. The Personal Retirement Manager provides clients with an investment portion that allows for growth through more than 50 different investment options