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Many worry that Silicon Valley will upend the entertainment industry just like the Internet ravaged the music and newspaper industries. Google revolutionized the way people access information. Now it wants to transform how people get entertainment.

Having multiple accounts has been a pain for GMail users for a while. You have to log out of one account and log back in the next. Now, Google has introduced a way for you to link up to three accounts to your Google account, so you can sign in and switch between them at will - or even open a different tab for each account.

Verizon Communications Inc. and Google Inc. reached a deal on how to handle Internet traffic, striking their own accord on policy being weighed by U.S. officials, two people briefed by the companies said today.

Google is pulling the plug on Google Wave. Google intended the messaging program, launched in 2009, to be a near-replacement for e-mail, which it said had grown tired. But on Wednesday, the company announced that it is shuttering the project by the end of the year because it didn't have traction with consumers.

Google has been crowned the 'king of malware' by security company Barracuda Networks, linking to twice as much malware as search rivals Bing, Yahoo and Twitter combined.

As BoomTown reported earlier today, Yahoo Japan confirmed it would switch its search technology and paid search provider to Google from Yahoo.

The online media company shows flat revenue and sees little growth ahead. Ouch. Yahoo! reported net income for the quarter ended June 30 of $213 million, or 15 cents per share, a 51% increase over the year ago quarter and beating Street’s consensus. Analysts’ consensus leading up to the quarterly earnings report had the online media company coming in at 14 cents per share on revenue of $1.6 billion. Though beating the predictions, Yahoo! failed to deliver impressive growth on revenue; posting the expected $1.6 billion this quarter, up 2% from the same period last year.

With the eyes of the technology world squarely on Apple's iPhone 4, Google quietly announced it will stop selling the Nexus One, its first and possibly only foray into the smartphone world.

When Google was a pure search engine, it was easy to appear agnostic about search results, with no reason to play favorites with one Web site or another. But as Google has branched out into online services from maps and videos to comparison shopping, it has acquired pecuniary incentives to favor its own over rivals.

Yahoo (YHOO) and Gannett (GCI) announced today that they have formed a local advertising partnership.