Internet, Portal | featured news

The social networking site plans to return to its roots by pushing entertainment content and jettisoning portal-like features. In a last-ditch effort to revive struggling MySpace, owner News Corp. has adopted a new strategy that it hopes will give the site's millions of users a reason to keep coming back.

This morning, JMP Securities upgraded shares of Yahoo! from market perform to outperform citing its new deal with Microsoft. The firm sees their search partnership helping drive better results for Yahoo! in the coming quarters. With the upgrade, JMP set a price target of $21 per share.

Yahoo! and the micro-blogging site Twitter have struck a content-sharing deal, they announced Wednesday -- a plan that will share real-time tweets with the 600 million users in Yahoo's global network.

U.S. and European regulators have cleared the long-discussed Internet search partnership between Microsoft Corp. and Yahoo Inc., enabling the rivals to form a tag team as they try to mount a more serious challenge to Google Inc....

Ready your virtual cattle and the Microsoft branding iron. Zynga announced today that its hit social game FarmVille on Facebook has now launched on Microsoft's MSN Games portal.

The Associated Press has signed a licensing deal with Yahoo Inc. that gives the news cooperative a steady stream of revenue at a time less money is flowing in from newspapers and broadcasters.

Internet giant Yahoo posts a $153m profit in the fourth quarter, but says sales are continuing to fall.

AOL is currently in talks to acquire Mashable, the world's largest technology blog. A sale to the content-obsessed internet company would mean Mashable's 24-year-old founder Pete Cashmore really would have everything.

5 years to the month after it was founded, cross-blog social networking widget MyBlogLog will be closed down by Yahoo! in January, we're hearing from sources close to the project. MyBlogLog is a service that shows blog writers and readers the faces and profile information of other MyBlogLog users that visit their sites.

Yahoo is shutting down its offices, except for "essential functions," from Dec. 25 through Jan. 1, as the Internet company searches for new ways to cut costs during the recession.