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Wall street edged down at the open on Friday after April U.S. inflation rose in line with expectations, helping investors reassess the recent volatility in the commodities market.

China's Alibaba Group said it told its board in July 2009 that it had transferred ownership of its online e-commerce business to Chief Executive Jack Ma, rejecting allegations by major shareholder Yahoo Inc that it had been blindsided by the deal.

The top pre-market NASDAQ Stock Market gainers are: Vermillion, Penson Worldwide, BioSante Pharmaceuticals, Expedia, and Randgold Resources. The top pre-market NASDAQ Stock Market losers are: Nvidia, Yahoo!, BioMimetic Therapeutics, ShoreTel, and Logitech International.

The top after-market NASDAQ Stock Market gainers are: Tree.Com, Vermillion, Velti, Star Bulk Carriers, and Penson Worldwide. The top after-market NASDAQ Stock Market losers are: Imris, Andatee China Marine Fuel Services, Celldex Therapeutics, Universal Display, Winn-Dixie Stores, Yahoo!, and Nvidia.

Alibaba Group's latest message to Yahoo sounds a lot like the last one: it wants its shares back.

Yahoo shares fell as much as 8.6 percent on Wednesday after the controller of Alibaba Group, which includes China's largest e-commerce company Alibaba.com <1688.HK>, took full control of Alipay, a Chinese online payment business.

Wikileaks creator Julian Assange gives a rare interview and says Facebook, Google, Yahoo! have built-in interfaces for US intelligence.

Greenlight Capital, the hedge fund run by investor David Einhorn, acquired a significant long position in Yahoo Inc during the first quarter, citing Yahoo's most valuable asset as its stake in China's Alibaba Group.

Yahoo Inc said on Monday it has bought IntoNow, a start-up that enables users to identify and share television programs with their friends, in its continuing drive to boost its social media credentials.

The resumption of the global risk-on rally late Tuesday illustrates how trends work in the financial markets.

Major U.S. stock indexes jumped more than 1 percent at the open on Wednesday as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.

Yahoo Inc posted quarterly earnings that topped Wall Street targets, and its shares rose more than 3 percent as Chief Executive Carol Bartz said the number of users and time spent at Yahoo sites rose from a year ago.

Yahoo Inc posted quarterly revenue slightly ahead of Wall Street targets and shares rose 3 percent.

Caris issued a list of public internet companies with most cash and the companies include Microsoft, Google, Amazon, eBay and Yahoo.

Shares of Microsoft's Bing search engine are up to 30 percent.

It is widely reported that Facebook has obtained a license to operate in China and most likely, the operation will be done through a joint venture with Chinese internet giant Baidu.

While Microsoft's Bing struggles to equal Google in terms of search ads, Facebook is slowly catching up in the race.

A study shows that the cricket World cup caused a surge in visitation to cricket sites in India as fans went online for the latest results and match updates. Sites reached their highest volume of traffic for the month during the week ending March 13, with 16.4 percent of India's online population visiting ESPNCricInfo.com and 13.4 percent of web users visiting Yahoo! Cricket.

In a series of postings from mid to late February on 51Jobs.com (the Monster.com of China), VanceInfo Technologies Inc. (NYSE: VIT) has advertised numerous positions for onsite assignments at Yahoo China. VanceInfo is an information technology (IT) service provider and an offshore software development company in China.

Yahoo Inc has revamped its Internet search service to sense queries and showcase answers from movie listings to weather forecasts, even as users are typing in a word.

Yahoo Incunveiled a revamped Internet search service on Wednesday that showcases information from movie listings to weather forecasts as users type in a query.

Corrects launch date to Wednesday from Thursday

Benchmark Capital raised profit estimate of Google Inc. (NASDAQ: GOOG) as channel checks reveal strong search advertising, which is driving double-digit cost-per-click (CPC) growth.

Yahoo Inc has hired Ken Fuchs, an executive at Time Warner Inc's Time Inc to oversee its sports, games and entertainment online properties, the company announced in an internal memo on Tuesday.

There may be a harsher penalty on the way.

Even though 130 of China’s current 175 existing airports lost money last year, they will be going ahead with plans over the next five years to add 45 more airports, according to Yahoo! News. The new airports will be expected to meet the rising tourism boom in the country of over 1.3 billion people.

If Yahoo decides to divest its Japanese assets, then it might look to monetize its assets in china as well, where it owns about 40 percent of the Internet company Alibaba Group.

Yahoo is said to be in talks to sell its 35 percent stake in Yahoo Japan, a move that will give Yahoo the necessary cash infusion to fight against arch rival Google and Facebook.

The top pre-market NASDAQ stock market gainers are: Shanda Games, Mecox Lane, China Techfaith Wireless Communication Technology, Cytori Therapeutics, Novavax, and Yahoo!. The top pre-market NASDAQ stock market losers are: Wonder Auto Technology, Vical, Sina, Hudson City Bancorp, and Joy Global.