yahoo shares

Yahoo shares dropped to their lowest level in five years on Thursday, plummeting 8 percent to $12.65 amid continuing economic chaos.

It was Yahoo's lowest level since the summer of 2003, when the company was recovering from the bursting of the Internet bubble.

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StreetInsider.com's Top 10 News Items for the Week of June 9-13

1. Lehman Brothers (NYSE: LEH) replaces CFO, Erin M.

Callan, and President/COO, Joseph M. Gregory, as it continues to struggle with the credit meltdown.

2.

Yahoo!

I'd hate to be Jerry Yang's therapist today. The Yahoo CEO turned down a $33 per share buyout offer from Microsoft several months ago, with some saying the price could have gone as high as $37 per share.

But that was then and this is now. The Associated Press is reporting that Yahoo has ended all buyout talks with Microsoft, signaling the end of any deal between the two high tech giants.

The reality is that Microsoft walked away from the bargaining table weeks ago and really never came back.

Wall Street reacted instinctively and coldly, as Yahoo shares fell 13% in Thursday trading. Yahoo...

Yahoo appears to have avoided disaster today with the stock only punished 15 percent or so. It is currently trading at $24.61 per share, down $4.06 from Friday's close.

Yahoo shares are still $5.13 higher than their price just before Microsoft's offer three months ago.

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