Marissa Mayer named CEO of Yahoo for turnaround bid
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Yahoo! Inc. (YHOO) named Marissa Mayer as chief executive officer, appointing a technologist who has managed some of Google Inc. (GOOG)’s most popular products to help stem user defections and reverse market-share losses that fueled three years of sales declines at the biggest U.S. Web portal.
Mayer, a 13-year Google veteran, takes the helm today, just as Yahoo prepares to report second-quarter...