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Yahoo Inc. shares climbed for a second day in Nasdaq trading Thursday after a report that the Internet company may compromise to end a proxy challenge by billionaire investor Carl Icahn.

Yahoo Inc have sought to rally shareholder support in the face of a proxy battle with billionaire Carl Icahn, saying the activist investor had an "ill-defined plan" for the future of the Internet company.

Yahoo leadership, trying to stave off a major clash at its annual meeting on Aug. 1 with activist investor Carl Icahn , is contemplating offering him two board seats to assuage him, said several sources close to the situation.

Yahoo leadership, trying to stave off a major clash at its annual meeting on Aug. 1 with activist investor Carl Icahn , is contemplating offering him two board seats to assuage him, said several sources close to the situation.

Market News, July 2, 2008 Author: goldnotes | Date: 2.7 ... Euro Spot Rate Today Previous Canadian $ 0.6215 0.6267 Euro 1.6090 1.5956

NEW YORK/SAN FRANCISCO (Reuters) - Yahoo (YHOO.O) on Monday sought to rally shareholder support in the face of a proxy battle with billionaire Carl Icahn, saying the activist investor had an "ill-defined plan" for the future of the Internet company.

Yahoo published on Monday its version of the details of the failed merger talks with Microsoft, as the Internet pioneer heads toward the frontlines of its proxy battle with investor activist Carl Icahn.

Yahoo is starting to meet with its major shareholders in hopes of fending off activist investor Carl Icahn.

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Yahoo Inc on Monday sought to rally shareholder support for its board of directors and management amid a proxy battle with billionaire Carl Icahn, saying the investor had outlined an "ill-defined plan" for the future of the Internet company.