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Startup website Foursquare, a location-based services company, is close to getting new funding that would allow it to expand, The Wall Street Journal reported on Sunday.

AOL Inc CEO Tim Armstrong wants to remake the 25-year-old company into an online media juggernaut by focusing on content creation and advertising revenue, shedding non-core assets.

Top Chinese e-commerce firm Alibaba.com, plans to buy Vendio Services Inc, making its first major U.S. acquisition to further its strategy of expanding its global footprint.

Yahoo Inc said it signed British soccer star David Beckham as a brand ambassador ahead of the World Cup tournament in a move to draw more users to the online media company's products.

Yahoo Inc is planning to introduce features that will give its users even more access to updates from the popular social networking site Facebook, expanding a partnership the web companies struck last year.

Shares of Internet firm AOL Inc rose in a broader market sell off on Friday as talk circulated that it may be an acquisition target for Microsoft Corp.

Yahoo Inc said it could return to double-digit revenue growth in the next few years, as the Internet pioneer revamps its network of websites to attract users and advertisers in a shifting Internet industry.

Yahoo Inc Chief Executive Carol Bartz said the company would keep modernizing its online properties through the summer of 2011 as it strives to increase the time people spend on its sites.

Yahoo Inc and Nokia Oyj said they would team up to boost their mobile Internet offerings, seeking to regain market share lost to rivals like Apple Inc and Google Inc.

Yahoo Inc and Nokia unveiled a wide Internet services deal, including maps and e-mail service, as the two battle new rivals on the wireless market.

Twitter, the rapidly expanding microblogging service, plans to have hundreds of advertisers using its new ad system in the fourth quarter as the company ramps up plans to become a self-sustaining, profitable business.

Yahoo said on Tuesday it has agreed to acquire the user-generated publishing company Associated Content to add more pages to attract advertisers.

More technology deals are on the way as the industry recovers from the recession, but Microsoft Corp is not poised to make a big deal soon, its chief financial officer told Reuters on Friday.

Yahoo Inc will spend up to $85 million on the second phase of its $100 million ad campaign, as the Internet portal seeks to revive its growth and reconnect with consumers.

Web company Yahoo said services that allow consumers to find local information based on the location of their mobile phone were very interesting but would not comment on reports it may buy industry player Foursquare.

Yahoo Inc has struck a deal to expand the role of its services on cellphones of the world's second-largest handset maker Samsung, as the two battle larger rivals on the wireless market.

Yahoo Inc said large advertisers showed a renewed appetite for online display ads in the first quarter, but the Internet company's troubled search business put a damper on the company's comeback plan.

Yahoo Inc exceeded Wall Street's earnings expectations in the first quarter thanks to the sale of some of its assets and its search deal with Microsoft, but the company's revenue fell a hair short of Wall Street expectations.

Google Inc, its YouTube video service, and Yahoo Inc on Thursday filed counterclaims against Xerox Corp in a lawsuit accusing them of infringing the document management company's patents on Internet searches.

Yahoo Inc's chief technology officer and head of products is stepping down, the company said on Thursday.

The Foreign Correspondents Club of China said on Friday it had shut its website after a burst of hacker attacks, days after attacks on the Yahoo email accounts of some foreign journalists covering China were discovered.

Yahoo email accounts of some journalists and activists whose work relates to China were compromised in an attack discovered this week, according to rights groups and foreign correspondents, days after Google said it would move its Chinese-language search services out of China because of censorship concerns.

Twitter announced a new technology that will embed the popular micro-blogging site onto individual websites.

Yahoo Inc's head of North American revenue and market development is leaving the company to join private online content start-up Demand Media, becoming the latest executive to depart the Web giant's ranks.

(Corrects date Bradford joined Yahoo to September 2008)

Popular social-networking site Facebook will open an office in India, joining a long list of international firms that have looked to tap a skilled workforce that provides support services at relatively cheap wages.

Facebook Chief Executive Mark Zuckerberg is in no rush to take the popular social-networking site public, the Wall Street Journal reported on Wednesday.

Yahoo Inc CEO Carol Bartz said she does not believe Yahoo needs to discuss Google Inc's Internet search practices with government regulators.

U.S. technology companies would face civil or criminal liability unless they take reasonable steps to protect global human rights under legislation a top lawmaker plans to propose.