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A shake-up ofYahooInc.'s (NASDAQ:YHOO) board will force chief executiveMarissa Mayerto work toward a sale of the struggling Web business according to the Wall Street Journal.
The tech giant has agreed a deal with activist investor Starboard Value LP for it to add four members onto the board.
Starboard chief executive Jeffrey Smithalong with three of his director nominees will be added with the other nominee proposals dropped.
Mr. Smith also will join Yahoo's independent committee in charge of the company's auction process.
Two of Yahoo's current directors won't seek re-election bringing the board to a total of 11 directors.
In other tech giant news Ford owned by General Motors Company (NYSE:GM) and Google which recently changed the name of its holding company to Alphabet (NADAQ:GOOGL) are to team up to support driverless cars.
The New York Times said the two will lead a coalition of companies that advocate federal approval of driverless cars in the near future.
The group which calls itself the Self-Driving Coalition for Safer Streets presented testimony on Wednesday at a hearing on autonomous vehicles held by theNational Highway Traffic Safety Administration.
Elsewhere USA Today writes that Amazon's (NASDAQ:AMZN) first quarter results will likely see a return to profitability thanks to the march ofPrime and its cloud services business.
For the first quarter analysts polled by S&P GlobalMarket Intelligenceexpectsales ofUS$28bn and an adjusted profit of 59 cents per share up from a loss a year ago.
Staying with earnings season the paper also reports that hotel chain Marriott International Inc (NASDAQ:MAR) saw net income rise 9%during the first quarter.
The company fended off a rival to win its multibillion-dollar bid forStarwood Hotels & Resorts Worldwide (NYSE:HOT)in the quarter to create what will be the largest hotel chain in the world.
Away from earnings season Facebook's (NASDAQ:FB) board has voted to create a new class of shares a "C" class that will have no voting rights in a bid for CEO and founderMark Zuckerbergto retain control of the tech giant.
The company announced athree-for-one stock split to create a new class of non-voting share. With the splitFacebook shareholders will receivetwonon-voting shares for each single share they hold.
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