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

Millions of web users are being asked to reset their passwords on major sites such as Yahoo and LinkedIn, following an attack on gossip website Gawker.

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Hack triggers blitz on passwords

I Am Number Four A full trailer for I Am Number Four has arrived online via Yahoo Movies, just after it was announced that the film would be arriving in IMAX theaters as well as conventional theaters. Directed by D.J. Caruso (Eagle Eye, Disturbia), the film stars up-and-comer Alex Pettyfer as a member of an alien race that escapes execution and is being hunted on earth, where he attempts to blend in with everyone else. Timothy Olyphant and Teresa Palmer also star. Check out the trailer below and let us know what you think. I Am Number Four hits theaters on February 18th.

The oil disaster in the Gulf of Mexico was the most searched term on Yahoo in 2010, the search engine said Wednesday.

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Yahoo’s most-searched term in ’10 is …

The agent Scott Boras told Yahoo Sports his company’s loans to a Dominican prospect were within the rules set out by baseball’s players union.

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Agent Denies Baseball Prospect Loans Broke Rules

Facebook is expected to launch a new messaging system seen as a direct challenge to Google’s Gmail, as well as Yahoo and Hotmail.

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Facebook ‘to launch Gmail rival’

Not counting revenue passed on to partner sites, Yahoo’s third-quarter sales will fall short of the $1.13 billion to $1.25 billion analysts had predicted. Yahoo’s underperformance is largely due to the increasing dominance of Google and Facebook, and…

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Yahoo Revenue Disappoints