Yahoo! Rises After Strong Weekend Sales Data

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Yahoo!

(YHOO)

was rising 2.9% to $16.18 in Instinet trading before the opening bell after the company's Yahoo!Shopping division posted strong sales during the Thanksgiving weekend.

The company said shopping increased more than 75% from the same weekend a year ago. Video-game consoles, electronics and computers were among the most popular products prospective shoppers were searching for over the weekend, Yahoo! said.