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Yahoo named Henrique de Castro, a Google ad executive, as its new chief operating officer, deepening Chief Executive Marissa Mayer's stamp on the company.

China's Alibaba Group said it bought back half the stake Yahoo Inc owned in the company for about $7.6 billion, moving closer to an initial public offering.

Facebook and Internet portals such as Google and Yahoo increasingly provide Americans their gateway for news, but the bulk of voters who catch up on current events daily turn to traditional sources, particularly local television stations, according to a nationwide poll.

Ross Levinsohn, the executive who served as Yahoo's interim chief, confirmed on Monday that he was leaving the Internet company after being passed over to fill the spot permanently.

Recently ousted Yahoo CEO Scott Thompson has landed a new job leading ShopRunner, an online service that provides two-day shipping from a variety of Internet retailers... ShopRunner began as part of GSI Commerce, which eBay bought for $2.4 billion last year. After that deal closed, eBay spun off ShopRunner into another company but still retains a 30 percent stake in the service.

New Yahoo Chief Executive Marissa Mayer's compensation package could total more than $70 million in salary, bonuses, restricted stock and stock options over five years, according to a regulatory filing made by the company Thursday.

Marissa Mayer, Yahoo Inc's new chief executive officer will make $1 million in annual salary, $12 million in restricted stock and stock options, and one-time retention and performance awards of $30 million vesting over five years.

Yahoo reported its earnings Tuesday, posting a slight revenue decline to $1.22 billion and setting the stage for a new chapter in the company’s history. The company has been busy in the past quarter, settling a patent spat with Facebook, making a deal with Alibaba, launching a new Axis browser in a mobile push, and completely changing the makeup of its board.

Marissa Mayer's move from Google exec to Yahoo! CEO made her one of the most powerful women in the tech industry. Her announcement just three hours later that she's expecting her first child made her "the most powerful pregnant woman in America," says Lisa Belkin of The Huffington Post.

Yahoo is hiring longtime Google executive Marissa Mayer to be its next CEO, the fifth in five years as the company struggles to rebound from financial malaise and internal turmoil. Mayer, who starts at Yahoo Inc. on Tuesday, was one of Google's earliest employees and was most recently responsible for its mapping, local and location services. Mayer, 37, began her career at Google in 1999 after getting her master's degree at Stanford, the school Google's co-founders attended.