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Yahoo is hiring longtime Google executive Marissa Mayer to be its next CEO, the fifth in five years as the company struggles to rebound from financial malaise and internal turmoil. Mayer, who starts at Yahoo Inc. on Tuesday, was one of Google's earliest employees and was most recently responsible for its mapping, local and location services. Mayer, 37, began her career at Google in 1999 after getting her master's degree at Stanford, the school Google's co-founders attended.

Yahoo says it has fixed the vulnerability that allowed 450,000 user email addresses and passwords to be stolen from its user-generated content service, Yahoo! Voices. In a blog posting, Yahoo said that the "compromised information was provided by writers who had joined Associated Content prior to May 2010, when it was acquired by Yahoo!. (Associated Content is now the Yahoo! Contributor Network.) This compromised file was a standalone file that was not used to grant access to Yahoo! systems and services."

The company said that although the breached accounts include user names from Yahoo and other companies, only 5% of the accounts had valid passwords. Yahoo said it is working to fix the vulnerability and is changing the passwords of the affected users. The company also said it is notifying other companies whose users may have been affected -- earlier we reported that they may include people who use AOL, Gmail, Hotmail and many others.

Yahoo has been the victim of a security breach that yielded hundreds of thousands of login credentials stored in plain text. The hacked data, posted to the hacker site D33D Company, contained more than 453,000 login credentials and appears to have originated from the Web pioneer's network. The hackers, who said they used a union-based SQL injection technique to penetrate the Yahoo subdomain, intended the data dump to be a "wake-up call."

Yahoo Inc. said Thursday it is investigating reports of a security breach that may have exposed nearly half a million users' email addresses and passwords... The little-known group was quoted as saying that they had stolen the passwords using an SQL injection -- the name given to a commonly-used attack in which hackers use rogue commands to extract data from vulnerable websites.

A report in the tech blog AllThingsD says Facebook and Yahoo have reached a deal that settles their patent squabbles and expands their licensing and advertising partnership.

AOL promoted its chief financial officer, Artie Minson, Jr., to the newly created role of chief operating officer as part of a reorganization of the company's operations.

Institutional Shareholder Services, the influential shareholder advisory firm, has recommended that AOL stockholders vote for two of the three board nominees put forward by dissident shareholder Starboard Value.

Here’s some news you probably didn’t expect to read: Yahoo just released its own Web browser. Well, sorta. The new software, dubbed Yahoo Axis, is being called a "search browser." Its main trick is the ability to bypass the standard list of links and instead send users directly to websites and pages via thumbnails.

New Yahoo CEO Ross Levinsohn named an executive team, including Mickie Rosen to lead global media and commerce efforts, to help renew growth at the ailing Internet company.