Tomahawk, WI 9/14/2011 (PennyPayDay) – The board of Internet company Yahoo! plans to meet Wednesday in Silicon Valley to discuss a wide range of issues, including the search for a new CEO, according to a report.Shares were gaining 2.3% to $14.58 in premarket trading Wednesday.
Conglomerate General Electric said it will pay $3.3 billion plus accrued and unpaid dividends to redeem preferred stock sold to Warren Buffett's Berkshire Hathaway during the height of the financial crisis in 2008.
Shares were rising 1% to $15.56.
Cisco Chief John Chambers said he's willing to stay another three years at the networking giant.
Shares were up 0.5% to $16.43.
Medical devices maker Boston Scientific has chosen Michael Mahoney, Johnson & Johnson's worldwide chairman of the medical device and diagnostics group, as its new CEO.
PC giant Dell announced an additional $5 billion buyback authorization.
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