Jerry Yang, Yahoo Inc.’s (YHOO) co-founder and chief executive officer, today (Tuesday) stepped down from his post under heavy shareholder pressure. Yang will return to his former role as board member and “Chief Yahoo!” – a non-so-flattering, if not ironic, title considering the heavy criticism he took in the past year – upon the appointment of his replacement.

We all know the U.S. government is in debt up to its eyeballs. Moody’s is already threatening to downgrade the country’s debt rating due to unfunded liabilities for Medicare and Social Security.

 Want to earn $195 per day, tax free, on top of your salary? Go to work in Fort McMurray, Alberta.

Carl Icahn is adding to his reputation as a boardroom bully. In a letter to Yahoo Inc. (YHOO) Chairman Roy Bostock, the billionaire investor threatened to seek control of the board and resuscitate takeover talks with Microsoft Corp. (MSFT).

“So! Microsoft’s Yahoo bid fell through. What are your thoughts?” This was how I greeted our research director Theo when I let him into the office this morning he’d forgotten the door code again.

Microsoft Corp. (MSFT) bankers recently contacted Facebook Inc. and made inquiries about purchasing the popular social networking site, the Wall Street Journal reported.

Today’s Whiskey is a special excerpt from legendary financial mind Jim Rogers’ book, Hot Commodities. In this essay, Jim explains away some of the myths many people associate with commodity markets.

Shares of Yahoo! Inc. (YHOO) tumbled 15% yesterday (Monday) to close at $24.37 a share as investors responded to Saturday’s news that Microsoft Corp. (MSFT) would drop its $47.5 billion dollar bid for the beleaguered search engine firm.

But the tough times are just beginning for Yahoo, which must now prove why it is worth more than the lofty price Microsoft was offering.

Watch out, bears! The bulls are ready to roll up their sleeves. That was the message in Thursday’s big push higher last week.

Jerry Yang, CEO of the world’s number two internet search engine company Yahoo! Inc., is doing his best to put a positive spin on Microsoft’s withdrawal of its bid for Yahoo!

But with Yahoo! stock tanking and rival search engine company Google continuing to out pace Yahoo! the question is whether Yang’s “what doesn’t kill you makes you stronger” is enough to revive the flagging internet giant.