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Internet search company delivers 2008 revenue forecast that disappoints Street and profit more than 23 percent lower than in the same period a year ago. It also outlines the company's plan to cut about 1,000 jobs. See also: Yahoo: Bracing for Bad
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The software behemoth says it will be the exclusive provider of display and contextual advertising for the web site of business television news channel CNBC.
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In a move to battle the threat of online giants Google and Yahoo, mobile phone group Vodafone and Spanish carrier Telefonica take stakes in San Francisco-based mobile advertising startup Amobee.
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The search company's mobile chief is racing to lock down phone distribution deals that could deliver hundreds of millions of advertising customers before Google's own mobile strategy ever takes wing.
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Facebook is planning to announce partnerships with leading online media and retail sites to create links between users' web behavior and their personal profile pages, according to sources briefed on the plan.
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The online news and opinion magazine owned by The Washington Post Co. may launch a business news and opinion web site, according to a source familiar with the matter.
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Unfearful of the masses spending time on social networks, Google execs say they don't have to own everything on the Internet and hint Microsoft may have overpaid for a stake in Facebook.
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With a stratospheric share price that's blown past the $600 mark, Google has analysts wondering just where the search king will go next as it prepares to report earnings.
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Industry experts say too much media depends on advertising as the only source of revenue, with new players from software makers to cable operators trying to get a piece of the pie.
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The world's largest book publisher is considering a book search effort by Google, as the two talk about the search giant's partner program.
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