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Embattled Yahoo CEO Scott Thompson told company employees late Monday that he is sorry for the distraction his resume padding scandal has caused — without commenting on what role his own actions might have played in creating the drama.

"I want you to know how deeply I regret how this issue has affected the company and all of you," Thompson said in a memo obtained by CNN. "We have all been working very hard to move the company forward, and this has had the opposite effect. For that, I take full responsibility, and I want to apologize to you."

The scandal erupted late last week, when activist shareholder group Third Point first alleged that Thompson lied about his college degree. Thompson’s published bios have claimed that he holds a Bachelor’s degree in both accounting and computer science from Stonehill College, but his degree is actually only in accounting.

Yahoo (, Fortune 500) said that it had incorrectly stated Thompson’s academic credentials, claiming the mistake was an "inadvertent error."

On Tuesday, the Yahoo announced that Patti Hart, the director who led the search committee that picked Thompson, will soon leave the board.

First reported by tech blog AllThingsD, the news was later confirmed by Yahoo, which said Hart is stepping down at the behest of her own company, International Game Technology (). Hart, who joined Yahoo’s board in 2010, serves as CEO of IGT.

"The IGT board requested that she not seek reelection as a Yahoo director," Yahoo said in a written statement.

Yahoo’s board said also Tuesday that it has hired an outside counsel to conduct a review of the false statement. It appointed the company’s three independent directors to oversee the investigation.

All three directors were named to Yahoo’s board under Thompson’s watch, after a board shakeup that wiped out most of Yahoo’s previous directors.

Thompson said he would cooperate fully with the board’s review, and the CEO urged a "prompt" conclusion to the probe.

Thompson’s memo to Yahoo’s staff included no explanation for how the mistake happened. His apology was solely for the impact the scandal has had on the company, not for the act itself.

That didn’t impress the troops.

A senior Yahoo executive, who spoke to CNN on the condition that his name not be used, said: "Thompson has quickly lost the confidence of many employees, who think he has to go."

False statements about Thompson’s degree predate his tenure at Yahoo, which began in January. References to a "computer science" degree also appeared in his online biographical information on PayPal’s website when he was president of the eBay (, Fortune 500) subsidiary.

Thompson’s degree information is actually correct in eBay’s regulatory filings to the Securities and Exchange Commission and in the bio featured in filings for F5 (), where he serves as a director quick payday loans. In both cases, the companies state: "Mr. Thompson holds a B.S. in Accounting from Stonehill College," with no reference to a computer science degree.

Related story: Résumé padding: inconsequential or inexcusable?

But the false statement about his degree appeared in Yahoo’s latest annual report filed to the SEC: "Mr. Thompson holds a Bachelor’s degree in accounting and computer science from Stonehill College."

Critics like Third Point seized on that line and are demanding answers about how it made its way into Yahoo’s regulatory filings. CEOs are required to personally certify that their company’s statements are accurate.

The annual report Yahoo filed last month includes this line, directly above Scott Thompson’s signature: "This report does not contain any untrue statement of a material fact."

A spokeswoman from Third Point declined to comment on Thompson’s apology.

The investment group said earlier on Monday that it wasn’t satisfied with Yahoo’s review process. It sent Yahoo’s board a letter demanding that it be allowed to inspect books and records relating to Thompson’s hiring, and it urged the company to make details of the review public.

Yahoo’s board "will make an appropriate disclosure to shareholders" upon conclusion of its review, Yahoo said in a statement e-mailed statement to CNNMoney.

Yahoo typically uses the headhunting firm Heidrick & Struggles for its executive searches. But AllThingsD says the firm wasn’t involved in the search for Thompson — he reportedly reached out directly to company directors to pitch himself for the CEO job.

CNNMoney has reached out to Heidrick & Struggles to find out if the firm was involved in vetting Thompson’s background. The firm declined to comment, but a source close to the company said Heidrick & Struggles was not involved in Thompson’s appointment in any way.

Meanwhile, Thompson said he would continue pushing forward on the company’s latest attempt to rebuild.

"I feel I owe it to all of you to make sure that nothing disrupts the progress we’ve made in just a few short months due to all of your focus, commitment, and hard work," he said. "We have a lot of work to do. We need to continue to act as one team to fulfill the potential of this great company and keep moving forward. You have my word that all my energy and attention will be on that mission."

– CNN’s Dan Simon and Katy Byron contributed reporting to this article. 

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Filtration equipment manufacturer Pall Corp. says it has agreed to sell certain operations and equipment used in blood transfusions to health care company Haemonetics Corp. for $550 million.

The deal announced Sunday calls for Haemonetics to receive blood collection, filtration and processing systems and equipment, along with manufacturing facilities in California, Mexico and Italy from Pall.

Some of Pall’s assets in Puerto Rico are also included.

About 1,300 Pall employees will be transferred to Haemonetics as part of the deal payday loans guaranteed no fax.

Pall expects to record an after-tax gain of $230 million to $240 million, or $1.95 a share to $2.04 a share on the sale.

The deal is expected to close at the start of Pall’s 2013 fiscal year. The current fiscal year ends July 30.

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With gas prices rising, even truck fans are looking to go easier on the stuff. So the latest version of Chrysler Group’s Ram truck, being unveiled at the New York Auto Show, is geared to minimize fuel consumption.

Chrysler boasts that it will be the most fuel-efficient non-hybrid full-sized truck sold in America.

The new Ram — the Dodge name has been dropped — will be the first pickup available with an eight-speed transmission, Chrysler said.

Ram buyers will be able to choose between a 5.7-liter V8 or 3.7-liter V6 engine. The new V6 will produce considerably more power than the Ram’s current V6 engine with 20% better fuel economy, Chrysler said. That would mean the new Ram truck should get combined city and highway fuel economy of better than 19 miles per gallon compared to 16 mpg in the current V6 Ram.

Cool cars from the New York Auto Show

Today, only about 10% of Ram trucks sold are equipped with a V6 engine with the vast majority of buyers opting for the big Hemi V8.

A new eight-speed transmission will also be available with both engines.

Recently, many truck makers have been emphasizing better fuel efficiency. Ford (, Fortune 500), for example, has found major success with its EcoBoost V6. However, the fuel economy benefit of the EcoBoost V6 compared to Ford’s 5.0-liter V8 engine is rather small (only about one mile per gallon).

Ford’s V6 and EcoBoost V6 trucks get 18 and 19 miles gallon in combined city and highway driving, respectively

The new Ram V8 will offer better fuel economy than Ford’s EcoBoost V6, while the Ram V6 will beat Ford’s non-EcoBoost V6, Chrysler spokesman Nick Cappa said.

Chrysler expects more buyers to opt for the V6 engine, especially since it’s now offered in the Crew Cab and 4-wheel-drive models that were previously available only with the big V8.

In addition to the new engine and transmission, the new Ram will have an automatic "start-stop" system that will shut off the engine whenever the truck pauses at a stop light or stop sign.

Also, the new truck has adjustable air suspension. At highway speeds, the suspension automatically lowers the truck one inch for better aerodynamics.

Various parts of the truck have also been redesigned with lighter materials to save weight. For example, the new frame, made with high-strength steel, is 30 pounds lighter, while the new aluminum hood is 26 pounds lighter.

One big change for Ram truck drivers will be the way they use the new transmission. Instead of the usual stick-like gear selector, drivers will switch from Park to Drive or Reverse using a knob in the dashboard. The knob, similar to that used in Jaguar luxury cars, frees up more space inside the cab compared to traditional gear selectors. 

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Egypt’s Islamist-dominated parliament called on Sunday for a vote on stopping U.S. aid, but it is unlikely that such a move would oblige the nation’s military rulers to ask Washington to halt $1.5 billion in American aid this year.

The move by the People’s Assembly was sparked by the March 1 departure of six American defendants in a case of 43 employees of nonprofit groups accused of using illegal foreign funds to foment unrest in Egypt. The 43 include 16 Americans, nine of whom were already outside the country when the case was referred to trial. One opted to stay behind and face the trial.

The rest of the 43 are mostly Egyptians, Jordanians, Palestinians and Germans.

The U.S. threatened to cut off aid to Egypt over the issue, but the departure of the six partially eased the crisis, the worst between the two allies in 30 years.

Even if the 508-seat chamber voted to reject U.S. aid, such a move could amount to a symbolic gesture given the wide powers enjoyed by the generals, who collectively act as the presidency, and the likelihood of them approving it in the name of national interest.

The exit of the American defendants, however, kicked off a storm in Egypt, prompting many to accuse the ruling generals of bowing to U.S. pressure and intervening in the work of the judiciary. Egypt’s military has benefited the most from the nation’s close ties with the United States. It is due to get $1.3 billion in aid this year. U.S. economic assistance for 2012 is about $250 million.

In Sunday’s session, lawmakers complained the U.S. had no respect for Egypt’s sovereignty and called for a vote on a no-confidence motion in the military-backed government check cash advance. The move against the government came after four Cabinet ministers briefed the chamber on the case. Lawmakers constantly interrupted their testimonies.

Several lawmakers later said it was the generals and not the government that must be questioned about the nation’s “humiliation” by the United States over the case. The generals have said they had nothing to do with the Americans’ departure and that the entire affair was in the hands of the judiciary. However, the judge who presided over the trial’s opening hearing on Feb. 26 excused himself late last month, citing uneasiness.

Judge Mahmoud Mohammed Shoukri later said in comments to the media that he quit to protest political meddling in the case, which is now being tried by another court, also in Cairo.

“I wish members of the U.S. Congress could listen to you now to realize that this is the parliament of the revolution which does not allow a breach of the nation’s sovereignty or interference in its affairs,” Parliament Speaker Saad el-Katatni, an Islamist from the chamber’s largest party, told lawmakers.

Suggesting that a crisis was looming between the legislature and the Cabinet, el-Katatni adjourned the session until Monday after a two-hour break. He said Cabinet ministers scheduled to answer lawmakers’ questions failed to show up.

“It seems that the government is pushing for a crisis with parliament,” el-Katatni said.

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Employers probably added more than 200,000 workers for a third straight month in February amid optimism about the U.S. expansion, economists said before a report this week.

Payrolls increased by 210,000 last month after rising 243,000 in January, the most in nine months, and 203,000 at the end of 2011, according to the median projection of 55 economists surveyed by Bloomberg News. It would mark the strongest three- month stretch in almost a year. The jobless rate probably held at an almost three-year low of 8.3 percent.

Bigger employment and wage gains would go further in bolstering household spending, which accounts for about 70 percent of the economy and is threatened by higher fuel costs. Federal Reserve Chairman Ben S. Bernanke said last week that while the labor market is making progress restoring the 8.7 million jobs lost as a result of the recession, it

Shell Lubricants has informed employees that it will close its Wood River blending plant in Roxana and its St. Louis regional distribution center in O’Fallon, Mo.

Ninety-six people work at the two facilities.

A Shell spokesperson said the blending plant needed extensive upgrades. She said Shell does not own the plant and the company decided not to renew the current lease when it expires. With closure of the blending plant, the distribution center will no longer be optimally located for its functions, she said.

The blending plant employs 83 people and the distribution center employs 13. They produce and distribute bulk and packaged lubricants, including motor oil.

Shell built the huge Wood River Refinery in 1917 and owned and operated it for many years. The distribution center had operated since 2000. The two Shell Lubricants locations are the only Shell-operated businesses remaining in the St. Louis area. The blending plant is leased from ConocoPhillips, which now operates the refinery.

The blending plant is scheduled to close at the end of 2013. The distribution center will close at the end of this year.

Affected employees will be considered for other positions within the company or offered competitive severance packages, the company said in a written statement.

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Stocks are edging lower Monday morning as talks drag on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans.

The Dow Jones industrial average fell 36 points to 12,825 a half-hour before noon. That’s a drop of 0.3 percent. American Express Co. led the Dow lower, losing 1.4 percent.

Sam Stovall, chief equity strategist at S&P Capital IQ, said he thinks investors are starting to realize the stock market is vulnerable to a big drop. Trading has been subdued compared with the wild swings of 2011. The S&P has closed up or down by more than 1 percent only three times since the year began. In December, that happened nine times.

“I look at it like a very low tide warning of an impending tsunami,” Stovall said of the recent calm stretch. “We’re setting ourselves up for a decline, the sort of decline that would make you sit up and take notice,” he said.

In other trading, the Standard & Poor’s 500 index fell 3 points to 1,341, for a drop of 0.2 percent. The Nasdaq composite fell 7 points to 2,898.

The declines follow a big gain Friday after a surprisingly good U.S. employment report. Large gains in the stock market are often followed by modest moves, as traders pull some of their winnings off the table. On average since 1950, whenever the S&P rose by 1 percent or more in a trading day, the index has inched up just 0.1 percent the next day, according to S&P Capital IQ.

Greece’s Prime Minister Lucas Papademos will meet with negotiators from the European Union and the International Monetary Fund in the afternoon and then with the leaders of the three parties backing his coalition government. The Greek parliament must sign off on any budget deal.

Among companies making big moves:

_ Boeing Co. fell 1.3 percent following reports that the company found a problem in its 787 Dreamliner.

_ Netflix Inc. fell 3 percent after Verizon Communications and Coinstar Inc. said they will launch a video-streaming service later this year, a challenge to Netflix. Coinstar is the parent of Redbox, a DVD rental company. Coinstar rose 1.4 percent and Verizon less than 1 percent.

_ Micron Technology Inc. fell 2.5 percent following news that the chip maker’s CEO died in a plane crash. Steve Appleton, 51, was at the helm for 18 years, leading the only company he’d ever worked for.

_ Humana dropped 5.6 percent, the biggest loss in the S&P 500 index. The health insurance company reported revenue that fell short of analysts’ expectations. Humana also raised its earnings outlook for 2012 but that, too, was below analysts’ forecast.

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Much work remains to achieve maximum U.S. employment and stable prices, and the central bank will do its part, an influential Federal Reserve official said on Friday.

The pace of the U.S. economic recovery remains “sluggish” and is likely to slow somewhat this year, New York Fed President William Dudley said in prepared remarks. Unemployment is likely to remain “unacceptably high” for some time, he added, while inflation is likely to be below the Fed’s new 2-percent objective for several years.

“Clearly, much work remains to achieve the Fed’s dual mandate of maximum sustainable employment in the context of price stability,” Dudley said in a briefing to media.

The Fed, which has kept interest rates near zero for more than three years, “has done and will continue to do its part in supporting the recovery - but it is not all-powerful,” he added.

“Other complementary policy actions in housing, fiscal policy and structural adjustment or rebalancing of the economy will be essential if we are to achieve the best available recovery free business cards.”

Besides the low rates, the Fed has also bought $2.3 trillion in long-term securities in an unprecedented drive to spur growth and revive the economy after the worst recession in decades. Yet the recovery has been slow and the outlook issued by the Fed this week was bleak, leading the central bank to say it expects to keep rates “exceptionally low” at least through late 2014.

Dudley, a permanent voter on the Fed’s policy-setting committee, added that he expects “moderate” growth this year, and warned the risks are skewed to the downside in part because of Europe’s debt crisis. The economy continues to operate with “significant excess slack,” he said.

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Wall Street is poised for further gains amid ongoing evidence of a strong start to the U.S. holiday shopping season and hopes for a plan to deal with the European debt crisis.

Dow futures are up 0.5 percent at 11,555. The broader Standard & Poor’s 500 futures are up 0.6 percent at 1,198.

Markets overseas were boosted again on Tuesday by hopes that the 17 countries that use the euro will finally come up with a plan to deal with their crushing debt crisis.

Italy’s borrowing rates shot up Tuesday to above 7 percent, an unsustainable level on a par with rates that forced the others to seek bailouts.

The fear is that the crisis _ which already has forced bailouts of Greece, Ireland and Portugal _ could engulf bigger economies such as Italy, the eurozone’s third-largest. If Italy were to default on its debt of euro1.9 trillion ($2.5 trillion), the fallout could spell ruin for the euro project itself and send shock waves throughout the global economy.

Though no specific details have yet emerged of what will likely result from a Dec. 9 summit of EU leaders, the ministers are thought to be discussing ideas that would have been taboo only recently: countries ceding fiscal sovereignty to a central authority; some kind of elite group of euro nations that would guarantee one another’s loans _ but require strong fiscal discipline from anyone wanting membership.

On Tuesday, finance ministers also were likely to discuss the options _ plus a possible way to boost the region’s rescue fund, the European Financial Stability Facility, at a meeting in Brussels easy payday loans.

On Monday, stocks advanced strongly, particularly in Europe, with the CAC-40 in France up a massive 5 percent or so.

As a result, the gains Tuesday were not as marked but did provide some further evidence of the hopes that European leaders will finally get their act together in around 10 days time.

In Europe, Germany’s DAX was up 0.2 percent at 5,756, while the CAC-40 fell slightly to 3013. The FTSE 100 index of leading British shares was 0.1 percent higher at 5,320. The euro, meanwhile, was up 0.2 percent at $1.3309.

Earlier, most Asian markets ended higher, with the Nikkei 225 index in Tokyo climbing 2.3 percent to close at 8,477.82.

Elsewhere in Asia, South Korea’s Kospi rose 2.3 percent to 1,856.52 and Hong Kong’s Hang Seng added 1.2 percent to 18,256.20. Benchmarks in Singapore, Taiwan and Australia were also higher.

Mainland Chinese shares advanced, with the benchmark Shanghai Composite Index gaining 1.2 percent to 2,412.39.

Oil prices tracked equities modestly higher _ benchmark crude for January delivery was up 49 cents to $98.70 per barrel in electronic trading on the New York Mercantile Exchange.

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