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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Shakeup at the Yahoo board paves the way for a sale

Yahoo Finance Video

Parent company Yahoo will give four board seats to the hedge fund Starboard Value. Yahoo’s CEO Marissa Mayer released a statement saying, "The constructive resolution will allow management and the board to keep our focus on our extremely important objectives." Jeffrey Smith, the CEO and chief investment officer of the hedge fund, says he's "looking forward to getting started right away in achieving the common goal of maximizing value for all shareholders."