After the Nationals engaged in negotiations with Prince Fielder and the baseball world deemed them the favorite to sign him , Fielder agreed Tuesday on a nine-year contract worth $214 million with the Detroit Tigers, pending a physical, according to reports by Yahoo! and CBSSports.com. Read full article > >

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Prince Fielder, Tigers reportedly agree to a nine-year, $214 million deal

Are you familiar with “Yahoo! Answers”? Me, too. It’s unavoidable. Seems like every time you ask the Web a question, the first set of responses comes from “Yahoo! Answers,” the user-generated arm of the Yahoo! search engine. Read full article > >

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Gene Weingarten: Yahoo? Big whoop.

US web portal Yahoo names Scott Thompson, president of online payments firm Paypal, as its new chief executive.

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Paypal’s Thompson to head Yahoo

The Yahoo board said Scott Thompson, who has been running the online payments unit of eBay since early 2008, would replace Carol Bartz, who was dismissed in September.

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PayPal Executive Named C.E.O. of Yahoo

NEW YORK — Yahoo Inc. may name Scott Thompson, president of eBay Inc.’s PayPal division, as its new CEO, according to a published report. The struggling Internet company has been without a permanent CEO since early September, when it fired Carol Bartz after losing patience with her attempts to turn around the company during her 2 ½ years on the job. Tim Morse, Yahoo’s chief financial officer, has been interim CEO since Bartz’s ouster. Read full article > >

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Report says Yahoo may name PayPal President Thompson as its CEO

Shares in Yahoo rise on reports that China’s Alibaba Group is preparing a takeover bid for the US internet firm.

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Yahoo shares up on Alibaba report

Shares in internet portal firm Yahoo leap on rumours that Microsoft is considering a second attempt at a takeover.

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Yahoo! surges on takeover rumour

President Obama slammed Bank of America’s $5 debit card card fee in an interview with ABCnews.com and Yahoo on Monday, calling the charge “not good business practice.” “You don’t have some inherent right just to, you know, get a certain amount of profit, if your customers are being mistreated,” he said. Later, he added, “this is exactly the sort of stuff that folks are frustrated by.” Read full article > >

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Obama blasts Bank of America debit card fee

Microsoft, Yahoo, AOL to band together.

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Google’s Rivals Team Up on Ads

With the words “I’ve just been fired,” Yahoo’s chief executive, Carol A. Bartz, did something that dismissed managers almost never do.

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Carol Bartz’s Blunt E-Mail on Firing Raises Issues

SAN FRANCISCO — Carol Bartz was fired Tuesday as Yahoo Inc.’s CEO nearly three years into a tenure in which the company fell short of the turnaround she was charged with leading. The company said Bartz will be replaced by Chief Financial officer Timothy Morse on an interim basis. The company plans to search for a permanent replacement for Bartz. Bartz, 63, has had a rocky tenure at Yahoo since she was appointed CEO in January 2009. Most recently, Yahoo settled a dispute surrounding a Chinese payment service called Alipay in a way that ended up diminishing Yahoo’s stake in the company. Read full article > >

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Carol Bartz out as chief executive of Yahoo; CFO Morse to be interim CEO

Google, Yahoo, Microsoft Bing and Facebook are among companies taking part in a trial of the IPv6 internet address system.

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Web giants promote new IP system

Microsoft reveals Yahoo as source of the mysterious “phantom data” leaks affecting Windows Phone 7 handsets.

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Yahoo behind Windows Phone 7 bug

After pricing its shares at $17 last night, Demand Media went public this morning with an initial public offering. After only a few hours on the market, Demand Media, Inc.  (DMD) was trading at $25 a share — it’s since fallen to the $23 per share range, but that is still considerably higher than was anticipated. With 8.9 million shares available, trading in that range puts the company’s market cap near $2 billion , more than that of the New York Times and in the same general ballpark as IAC and AOL, two big (and established) players in the digital space. That’s as crazy as it sounds. There’s one thing that Demand Media hasn’t been able to do: Turn a profit. The mad scramble to pick up some of Demand’s shares doesn’t mean that the company is putting out quality content, as Jeff Bercovici noted this afternoon in a post on his Forbes blog . “This is as good a time as any to point out that much of the content Demand churns out is still profoundly, absurdly stupid,” he wrote. And that’s not a stretch. Bercovici selected a few articles that Demand has produced recently — “How to Pick Blueberries in Iowa,” “Ideas for Organizing Scrunchies,” “How to Unscrew the iTouchless Pepper Mill,” among others — that seem like they were cherry picked to make a point. And they may have been. But if they were, Bercovici put too much time into this piece because this is the kind of content that Demand is producing on a daily basis. In the four and a half years since it was founded in May 2006, Demand Media’s freelancers have produced more than three million articles and 200,000 videos, according to the Motley Fool . Using search query data, a sophisticated Demand algorithm spits out article ideas that it believes have high advertising potential. That’s why all of the stories that come out of the Demand content farm, as it’s been called in the past, are incredibly specific. Most of that content ends up on a handful of sites that Demand operates, including eHow, Cracked.com, and Trails.com. Famously, USA Today also runs thousands of pieces from Demand on the travel section of its website. Over the years, Demand has been the subject of profiles in major magazines and newspapers, generated a lot of press — both good and bad — because of its ability to produce cheap content, and even found a home in some mainstream news organizations. (In addition to running travel articles on USA Today , Demand also supplies the Atlantic Journal Constitution with a weekly article.) But there’s one thing it hasn’t been able to do: Turn a profit. Strangely, they’re not even trying to hide that fact. “We have had a net loss in every year since inception,” the company wrote in its IPO prospectus, as Wired ‘s Sam Gustin pointed out. “As of September 30, 2010, we had an accumulated deficit of approximately $53 million and we may incur net operating losses in the future.” Maybe, then, an IPO was the right move. Sell shares for more than they’re worth, raise the market cap, and then unload the whole kit and caboodle on a major media company that feels like, without a content farm and an army of freelancers, they’re missing out on the Next Big Thing. Associated Content, a similar venture, was purchased last year by Yahoo for $100 million , where it will probably languish and get chopped up into pieces like other Yahoo ventures. That’s only a tiny fraction of what Demand is now valued at thanks to today’s IPO, but it wasn’t a bad payday for only a few years of work.

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Investors Overvalue Demand Media in Initial Public Offering

Google, Facebook and Yahoo have signed up to a plan for a ‘test flight’ of the net’s new addressing scheme.

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Test looms for net address scheme