Reports: Carl Icahn considering attempt to oust Yahoo board

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(AP) -- Billionaire investor Carl Icahn reportedly is snapping up Yahoo stock in preparation for a possible attempt to replace the Internet company's board after the directors turned down Microsoft's $47.5 billion takeover offer.

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All News summaries for May 13, 2008

Samsung says Q2 profit up 108 percent

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South Korea's Samsung Electronics Co. said Friday that second-quarter profit jumped 108 percent year-on-year, what it called a "relatively solid" performance despite missing market forecasts.

Infineon posts heavy quarterly loss, to cut 3,000 jobs

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German semi-conductor group Infineon posted Friday a heavy quarterly loss and announced the elimination of 3,000 jobs.

Microsoft defends search investments to analysts

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(AP) -- Microsoft's CEO defended the software maker's decision to invest heavily in its unprofitable online business, but shed minimal light Thursday on specific steps it will take to challenge Google in the wake of the ...

China says has more people surfing the Web than US

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(AP) -- China's booming Internet population has surpassed the United States to become the world's biggest, with 253 million people online despite government controls on Web use, according to government data ...

Japanese Internet mogul found guilty in appeal

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(AP) -- A Japanese appeals court upheld the conviction of flamboyant former Internet mogul Takafumi Horie on Friday in an ongoing case that has come to symbolize this nation's effort to deal with white collar ...

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