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Yahoo Chief Executive Carol Bartz on Thursday took the wraps off a broad reorganization plan designed to dismantle what she called the silos that had slowed down the Internet company.

American International Group, rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be the biggest loss in a quarter in corporate history.

Comcast Corp and Time Warner Cable Inc are talking with owners of major cable television networks about ways to give cable subscribers online access to much of the networks' programing, the Wall Street Journal said, citing people familiar with the situation.

Viacom Inc.'s fourth-quarter profit fell 69%, hurt by weakness in advertising sales at MTV and other cable channels, and the company said ad revenues are likely to get worse in 2009 before they get better.

Microsoft's online presence has lagged behind its competitors, but in a bid to catch up, the tech giant launched a new celebrity gossip news called Wonderwall.com.

Time Warner Inc., the world's largest media company, said earnings will be little changed this year as it struggles with weaker advertising sales and spent about $250 million to slash jobs at its Warner Bros. film studio and AOL Internet unit.

Google profit sank 68 percent, to $382 million in the fourth quarter, but still beat analysts estimates. he company said the fall was due to impairment charges on its investments in Clearwire Corp and Time Warner Inc unit AOL.

A group led by NBC Universal appears to be moving forward with plans to acquire The Weather Channel, after Time Warner Inc. withdrew its bid for the channel, according to media reports released on Friday.

NBC Universal and two private equity firms has emerged as the frontrunner on Friday when final bids for the Weather Channel were due, according to media reports.

Time Warner Cable Inc. announced plans on Friday to allow subscribers to view Internet video on their TV screens and offer wireless in-home networking via a cable modem.

Time Warner and a General Electric Co's NBC Universal partnership with the Blackstone Group are the lead contenders in today's round-two of the Weather Channel auction, according to media reports.

U.S. stocks fell for a second day, as oil prices surged past $132 a barrel after data showed a drop in crude supplies which boosted concerns that inflation will affect the rate at which U.S. consumes, while financial companies fell on concern computer errors at Moody's Investors Service may result in bond downgrades.

Time Warner Inc.'s and Time Warner Cable Inc.'s boards of directors approved on Wednesday an agreement that will split the companies legally and structurally.

The Securities and Exchange Commission said on Monday that it had sued eight former executives of AOL Time Warner, alleging they had fraudulently inflated the company's online advertising revenues by more than $1 billion between 2000 and 2002.

Time Warner Inc. Chairman Richard Parsons said Friday he will likely step down at the end of the year, a opening the door for Chief Executive Officer Jeffrey Bewkes to take over the position at the world's biggest media company, according to a media report.

Billionaire investor Carl Icahn reportedly has decided to move ahead with plans to run a dissident board slate at Yahoo Inc in an attempt to pressure the company into restarting negotiations with Microsoft Corp.

U.S stocks fell on Wednesday for the second day this week after reports showed home sales fell in March and oil prices remained in higher territory.

Microsoft's failure to acquire Yahoo increased pressure on its executive to find better ways of catching up with Google Inc., which is currently leading the Internet advertisement business.

Viacom Inc reported that profit in the first quarter rose 33 percent on strong sales of its Rock Band video game and higher revenues from its cable networks.

Apple Inc. announced Thursday a new agreement with top Hollywood studios that will allow them to start selling movies through its iTunes Music Store on the same day as the titles are released on DVD.

Microsoft's board of directors did not reach a final decision at a Wednesday meeting about what steps it should take in its bid for Yahoo, according to a report.

Jeffrey Bewkes, the chief executive of Time Warner Inc., announced plans on Wednesday to downsize what has for years been the world's largest media company by separating the cable-systems unit from the film and television businesses.

Microsoft's plan of buying Yahoo is still in suspense after the deadline of Saturday that the software maker had made for Yahoo, passed without the Internet giant accepting the take-over.

Microsoft Corp. has yet to convince Yahoo Inc. to agree to a friendly takeover, but the software company is already hiring lobbyists to help it convince regulators to let the deal hostile if it has t...

Verizon Communications Inc filed a complaint against Time Warner Cable Inc. alleging that the cable company is airing a misleading ad about its fiber-optic service.

Microsoft is the most likely suitor to merge with Yahoo, analysts contend, as several deals now vie for the Internet giant's future. Sending a clear signal that it intends to pursue all options, the search leader has solicited alternate deals, including a possible merger with AOL, or partnership with arch-rival Google.

Yahoo is about to close a deal for combining its operations with Time Warner Inc.'s AOL unit in effort to contend Microsoft's $44.6 billion takeover offer.

HBO named Sue Naegle as president of HBO Entertainment, in a bid to give the channel an overhaul after a lackluster year of programming.

Yahoo Inc., the target of a hostile takeover bid by Microsoft Corp., is in the eye of a storm of potential deals involving the some of the biggest players in technology and media including Google Inc., News Corp. and Time Warner Inc.