Internet, Portal | featured news

The online media company shows flat revenue and sees little growth ahead. Ouch. Yahoo! reported net income for the quarter ended June 30 of $213 million, or 15 cents per share, a 51% increase over the year ago quarter and beating Street’s consensus. Analysts’ consensus leading up to the quarterly earnings report had the online media company coming in at 14 cents per share on revenue of $1.6 billion. Though beating the predictions, Yahoo! failed to deliver impressive growth on revenue; posting the expected $1.6 billion this quarter, up 2% from the same period last year.

Yahoo (YHOO) and Gannett (GCI) announced today that they have formed a local advertising partnership.

AOL is conducting internal tests on a new version of Aol Mail, two sources tell us.

AOL is near a deal to sell the Bebo social-networking site to Criterion Capital Partners for a fraction of the price it paid two years ago to buy it.

Yahoo Inc.'s latest facelift will include a Facebook touchup. As part of changes rolling out this week, Yahoo will import personal updates from Facebook's social network for users who want a bridge between two of the world's most popular websites. The Facebook link will need to be turned on by each Yahoo user.

Company's answer to Facebook-style sharing will link it's e-mail users through address books.

Nokia and Yahoo — two market leaders struggling to keep up in the US mobile market — joined forces Monday, announcing that Nokia would use its purchase of mapping giant NavTek to power Yahoo's map and navigation services globally ...

A few weeks ago, as Steve Case was flying above Sterling, en route to Dulles International Airport, he looked down and saw the sprawling campus that is home to the company he co-founded 25 years ago this month -- the pioneering service that took millions of people online for the first time. Marking its silver anniversary, the company looks to reclaim its standing among Internet giants.

A consortium of companies including Google, Yahoo, MySpace, Meebo and more announced tonight that it will launch a new system on Monday that will let website owners discover which social networks a site visitor uses and prompt them automatically to log-in and share with friends on those network.

Ari Balogh, Chief Technology Officer and Head of Products for Yahoo, announced that he will be leaving the company for personal reasons. Balogh will step down on June 3.