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Updated from 5:19 p.m. EST
Yahoo! (YHOO Quote) named former AutoDesk (ADSK Quote) chief executive Carol Bartz as its CEO to replace co-founder Jerry Yang.
The move ends a two-month CEO search for the Internet giant. Investors, however, shrugged off the appointment, with Yahoo!'s stock closing Tuesday down about 1% to $12.10 after an initial report in The Wall Street Journal.
Yahoo! has been steadily losing business to Google (GOOG Quote) in the Internet search and advertising, and Bartz, who has a solid management record, signals Yahoo!'s interest in pushing forward in the search arena. ...
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