Yahoo in an urge to bang back on Third Point’s Dan Loeb, the company released a letter talking itself up to investors, intoing a new website name as...

We yesterday reported that since from the time Yahoo’s CEO Scott Thompson was appointed for the role, faces a proxy shutdown with hedge fund Third Point. The proxy battle will determine whether Thompson or a slate of dissident directors nominated by Dan Loeb, the hedge fund’s founder gets to chart the company’s course. With course of time, Yahoo has already named...

“Thompson has got to make his case. And now he has to do it persuasively because there’s another guy who is going to make his case persuasively,” said Lawrence Haverty, a fund manager with GAMCO Investors, which owns Yahoo shares. Just over the course of three months time since Yahoo’s CEO Scott Thompson was appointed for the role, faces a proxy shutdown...