In a surprising move, Yahoo Inc has appointed arch-rival internet giant Google’s earliest employee Marissa Mayer as it’s new chief executive officer. Mayer, 37, was selected by the Yahoo board for her unparalleled track record in technology, design and product execution. She was recently a key figure in creating the mapping, local and location services.

Yahoo Inc has swiftly taken action to fix the vulnerability problem that caused online leak of more than 450,000 email addresses and passwords from Yahoo Voice. The hackers belonging to a group called D33Ds stole and leaked thousands of passwords on Friday and issued a statement that it was to show the lack of security features of Yahoo. Yahoo swung into action and fixed the problem in Yahoo Voice immediately,…

Yahoo Inc, the American internet giant, has admitted that more than 450,000 email addresses and passwords have been stolen and leaked online. The hackers belonging to a group called D33Ds Company stole the personal information and posted them on a public site. The hackers warned the users of lack of security of Yahoo and said it is a “wake up” call. The missionary hackers said, “We hope that the parties…

Yahoo and Facebook ended their intense four-month patent battle and surprised everyone with an advertising partnership deal. Yahoo sued Facebook over 10 patents infringed by the social networking giant in March, just before their planned public listing. After the initial public offer created a historic record at the stock market, Facebook counter-attacked Yahoo claiming that they had violated patents covering online recommendations, advertising and photo tagging.

Internet giant Yahoo Inc has launched Axis, a service which provides visual results for search requests. The results appear in the form of strings instead of the traditional list of links. The service will be initially launched as an app for the iPads and iPhones and as a plug-in for web browsers. The release of Axis with a difference might help the internet corporation to help better their position in…

It’s not even one month since Yahoo filled a patent infringement case against Facebook and the social networking giant has made a counterclaim against the search engine, accusing Yahoo of violating 10 of its patents. Last month, Yahoo sued Facebook claiming that social network’s entire model was based on patented Yahoo technology. Rather than denying the claims, Facebook, has gone offensive by launching patent counterattack against Yahoo using recently bought…

Already in a spot of bother about legal issues with Facebook over patent violation, Yahoo is now facing corporate governance problems and might sack 2,000 employees. Meanwhile, Internet video-calling platform Skype is set to recruit about 400 employees for its offices in London and Stockholm and later for other centres in Czech Republic, Estonia and the USA. The state of affairs at Yahoo is only explanatory of the current situation…

Yahoo on Monday night filed a lawsuit in a California court accusing Facebook of infringing 10 patents held by the internet pioneer, opening the first major social media court battle among the world’s best known companies. The lawsuit by Yahoo has come just after Facebook announced plans for an initial public offering that could value the company at about $100 billion (£63.90 billion). Yahoo’s court filing claims that “Facebook’s entire…