9 Radar Movers: Jerry Yang Leaves Yahoo! While Apple Reaches New All-Time High

Yahoo! Inc. (NASDAQ:YHOO) shares jumped more than 4 percent after the closing bell.  The company announced that Jerry Yang has resigned from its Board of Directors and all other positions with the company.  Shares of Google (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT) are trading slightly lower in late trading.

After closing more 1.16 percent higher, shares of Apple Inc. (NASDAQ:AAPL) continue to trade higher in late trading.  On Tuesday, shares closed at a new all-time high of $424.70.

Don’t Miss: Burger King Rolls Out Home Delivery.

Shares of Hewlett Packard Co. (NYSE:HPQ) are falling .47 percent in extended trading.  The tech company said it has named Bill Veghte as its chief strategy officer.  Veghte will also continue in his position of executive VP of software.

Despite closing 1.25 percent higher on Tuesday, shares of Hasbro Inc. (NYSE:HAS) are edging .30 percent lower after the closing bell.  The toy-maker expects to report fourth quarter revenue below Wall Street’s estimates.  Hasbro will release full results for the quarter on February 6.

Investor Insight: Are Citigroup’s Earnings Worse Than They Appear?

Banking stocks are trying to stabilize in late trading.  Shares of Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and Citigroup (NYSE:C) are all edging higher after the closing bell.  Early Tuesday, Citigroup reported that fourth quarter net income fell to $1.17 billion (38 cents per share), compared to $1.31 billion (43 cents per share) last year.  The results fell short of the mean analyst estimate of 50 cents per share.

To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com