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Yes, Yahoo is launching a new product today that you might actually be interested in. It's derivative, but it looks useful.

Today at a press event in San Francisco, the company announced the launch of a new product called 'Search Direct'.

Twitter Co-Founder Biz Stone will become a "social impact" strategic adviser for AOL, as part of its broader integration with online news site the Huffington Post. He will stay at Twitter.

AOL will slash its workforce 20%, according to a person familiar with the matter, eliminating 950 jobs in the U.S. and India as it struggles to resurrect its business.

AOL made some management changes ahead of its integration of the Huffington Post, appointing Jon Brod as chief operating officer of the new Huffington group and saying David Eun would depart.

In the wake of AOL's deal to buy the Huffington Post, some marketing executives are expressing concerns about the liberal-leaning nature of the website and its potential to taint the broader AOL brand.

Yahoo Inc's quarterly net revenue slid 4 percent and it forecast a further slide this quarter as it struggles to revive growth in the face of intense competition from Google and Facebook.

Internet media company Yahoo is preparing to cut as many as 650 jobs, or almost 5% of its workforce, in its latest move to streamline operations and cut costs.

But the Yahoo CEO's feisty personality was on display at the tech confab Tuesday.

AOL's earnings more than doubled amid gains from asset sales, though ad revenue dropped 27%. CEO Armstrong said AOL is on the path to recovery, with much of the revenue declines "self-inflicted."

Yahoo Inc delivered tepid third-quarter revenue growth and forecast weaker-than-expected sales in the fourth quarter as it continues to lose market share to rivals like Google Inc.