Yahoo announced this morning that agreed to expand its board from nine members to 11, adding activist Carl Icahn, to its board as well as two people from Icahn's list of board candidates, thereby ending the Icahn's proxy fight. So the question becomes what happens now? Icahn had been hoping to replace Yahoo's management team so he could then negotiate a sale of the company to … [Read more...]

Just got an e-mail saying that the first .ME domains auctions start tomorrow for those domains which received more than 1 pre-order. The auctions will last 3 days each and we will of course let you know how they are going. Here are the domains we have on our radar for the next 2 days: ride.me why.me escort.me translate.me hug.me The last name, Hug.me was the same domain that the … [Read more...]

According to reports, Microsoft is ready to start expanding its AdCenter engine to allow at least some publishers to include contextual advertising from Microsoft on their site. Microsoft is reportedly engaged in a pilot program that allows smaller publishers to use contextual advertising from Microsoft, putting it potentially in competition with Google's AdSense and Yahoo's publisher … [Read more...]

Accroding to a report by ComScore today, Microsoft expanded its share of the U.S. search market in June, while Google Inc. had a small decline. ComScore's June search report concluded that of a total of 11.5 billion searches conducted in the U.S. during the month, 61.5 percent were conducted on Google sites, compared with 61.8 percent in May. The report showed 20.9 percent of U.S. searches … [Read more...]

Google annouced Friday that it signed an agreement with Rambler Media Ltd. to buy its Russian contextual ad service ZAO Begun for $140 million. Google said the deal is part of its moves to improve service for users, partners and advertisers in Russia, which has a fast-growing digital advertising market. The purchase will enable advertisers to advertise on a larger network of sites, and … [Read more...]

As we reported earlier, Google released its earnings yesterday. According to the earning report it seems not that  International markets now account for more than half Google's business. According to Google: """Revenues from outside of the United States totaled $2.80 billion, representing 52% of total revenues in the second quarter of 2008, compared to 48% in the second quarter of 2007 … [Read more...]

Citigroup reported its earnings (or lack thereof) today  posting a $2.5 billion second-quarter loss. However the loss was smaller than expected and Citi is up over 10% today on the news The nation’s biggest banking company by assets lost the equivalent of 54 cents per share in the April-June period. In the same timeframe last year, the bank earned $6.23 billion, or $1.24 per share. … [Read more...]