Loeb said in the letter that Yahoo!'s reaction to his plans to nominate four new board members -- Harry Wilson, Michael Wolf, Jeff Zucker and himself -- has been "dismissive" and that he plans file a preliminary proxy statement "within the week." "
AOL CEO Tim Armstrong says Verizon will work with Yahoo! (YHOO) to rectify last week's data breach.
Verizon (VZ) is reportedly looking into how it will proceed with its $4.8 billion purchase of Yahoo (YHOO) after the company disclosed a security breach that affected 500 million accounts.
A Yahoo (YHOO) user is suing the company claiming it lacked the correct 'security protocols' to adequately protect users' personal information.