Ad executives give Microsoft-Yahoo deal thumbs up (Reuters)

Reuters - Advertising executives gave the thumbs up to the pairing of Yahoo Inc and Microsoft Corp in the search market, hoping it will provide marketers with more bang against Google Inc.

Twitter unveils new frontpage (AFP)

AFP - Micro-blogging service Twitter has unveiled a new frontpage featuring a prominent search box in a bid to attract new users.

For Online Ads, Less May Be More for Competition (PC World)

PC World - Conventional wisdom says that when a market consolidates from three big players to two, competition suffers. But for online advertisers watching the Microsoft-Yahoo deal unfold on Wednesday, some observers said the reverse may be true.

Review: Yahoo’s shift to Bing could be risky bet (AP)

AP - Is Microsoft’s Bing really a better search engine? Since it debuted last month, it has earned praise for the smart way it presents results and how it lets users preview Web sites without clicking through to them.

Yahoo comes full circle with retreat from search (AP)

AP - Yahoo Inc. invested billions of dollars in its Internet search engine during the past six years before realizing it made more sense to entrust the job to an outsider — hearkening back to a conclusion the company’s co-founders reached shortly after they started their Web directory in the mid-1990s.

AP sources: Apple, labels work on album `Cocktail’ (AP)

AP - Apple Inc. and the four major recording labels are working on launching in the fall a music offering code-named “Cocktail” that aims to add value to digital albums sold on the online iTunes Store, according to two people with knowledge of the discussions.

Verizon Adds Hotspots to Consumer Broadband (PC World)

PC World - Verizon Communications offered most of its wired broadband customers free access to Wi-Fi hotspots around the U.S. on Monday, supplementing its wireline offerings on the same day it announced a 5.2 percent drop in revenue from that business.

Time Warner buys Google’s stake in AOL for $283 million (Reuters)

Reuters - Time Warner Inc paid $283 million for Google Inc’s 5 percent stake in AOL, the Internet company said in a U.S. regulatory filing on Monday.

Google Sells AOL Stake at $717 Million Loss (PC World)

PC World - Google sold its stake in AOL at a US$717 million loss, according to a regulatory filing made on Monday.

Time Warner buys back AOL stake from Google (AP)

AP - Time Warner Inc. bought back Google Inc.’s 5 percent stake in struggling Internet company AOL LLC for $283 million, according to a regulatory filing by AOL on Monday.

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