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Ad agencies stump for Microsoft-Yahoo search deal

An advertising industry association--backed by four of the world's largest ad agencies--sent a letter to the Department of Justice Monday endorsing the Microsoft-Yahoo search deal, saying it "enhances competition."

American Association of Advertising Agencies President and CEO Nancy Hill posted the open letter Monday, which was also signed by Maurice Levy, chairman and CEO of Publicis Groupe; Martin Sorrell, CEO of WPP; Michael I. Roth, chairman and CEO of Interpublic Group of Companies; and John Wren, president and CEO of Omnicom Group. "We believe that Yahoo and Microsoft's proposal to combine their technologies and search … Read more

Yahoo betting on content biz revival

SANTA MONICA, Calif.--Drive about 350 miles down U.S. 101 from Yahoo's Silicon Valley campus and you'll find what CEO Carol Bartz appears to believe is the future of her pioneering Internet company.

Yes, we're talking about Yahoo's often-ridiculed Media Group headquartered about two miles from the famous Santa Monica pier and a world away from the technology-oriented plans of Bartz's predecessor, company founder Jerry Yang.

Just a few years ago, amid the ruins of the disastrous reign of former Yahoo media boss Lloyd Braun, that notion would have been laughable. Sure, lots of … Read more

Six charged in tech insider-trading scheme

Federal prosecutors have charged a prominent hedge-fund manager and five others with securities fraud resulting from insider trading involving some of the tech industry's best-known companies, including Intel, Google, and IBM.

Raj Rajaratnam of Galleon Group was arrested Friday in New York according to various reports and charged with 13 counts of securities fraud and conspiracy following a FBI investigation into Galleon Group's trading patterns. Also charged in the complaint, filed in U.S. District Court for the Southern District of New York, were co-conspirators Rajiv Goel of Intel and Anil Kumar of McKinsey, which provided consulting services … Read more

Google's happy days are here again

Google CEO Eric Schmidt feels like a man with a glimpse of open highway after being stuck in traffic for hours.

Google is ready to once again hit the gas, with plans to invest in people, products, and companies over the next several months now that it feels much more confident about its business and the economy. When the last recession hit in 2001, Google was still a small growing company, but a year ago the crumbling economy spooked executives into caution mode as they tried to anticipate just how bad things might get.

Now they know. "The worst … Read more

Google's quarterly revenue, profits increase

Updated 1:30pm PDT with a few additional details, and again at 2:40pm following the conference call.

Google's revenue grew more strongly than expected during its third fiscal quarter, in a sign that ad spending is getting back on track.

Excluding traffic acquisition costs of $1.56 billion paid to Google partners, the company reported revenue of $4.38 billion, exceeding analyst estimates of $4.24 billion and backing up CEO Eric Schmidt's recent statements that Google was seeing more spending from advertisers. Overall revenue was $5.94 billion for the period ending September 30, an increase … Read more

Business as usual in search market share

New month, same story: the Internet search market doesn't move very much.

Comscore released the latest data on search engine market share Wednesday, and stop me if you've heard this one before: Google has a commanding lead. It gained 0.3 percent to up its share of search queries to 64.9 percent in September, as compared with August. As usual, Yahoo and Microsoft trailed in the second and third positions.

Such has been the order in the U.S. search market since at least 2004, according to an old post on John Batelle's blog. The percentages … Read more

Call it a comeback? Google earnings due

With the online ad business appearing to have collected itself at the bottom of the ravine, all eyes will be on Google's earnings report Thursday to see if it has figured out where the path back to the top starts.

Investors are feeling good about Google in the run-up to Thursday's third-quarter earnings conference call, sending the stock to a 52-week high on Tuesday at $527.46 before it settled back down to $526.11 at the close of trading. Five prominent financial analysts raised their expectations for Google's stock Monday amid a collective feeling that advertisers … Read more

Google's Postini suffers prolonged e-mail delays

Some customers of Google's Postini e-mail security product experienced significant problems Tuesday, with reports of hours-long delays in e-mail delivery that are still affecting some customers.

Threads throughout Google's Postini forums spread involving the issue, which seemed to begin overnight on System 7--one of several systems used by the service--and was still affecting some customers as of Tuesday afternoon, although e-mail delivery had resumed for others. Users also reported problems accessing the management consoles used to log into the Postini service, preventing them from understanding exactly what was happening.

Postini, acquired by Google in 2007, offers e-mail security … Read more

Yahoo settles pay-per-click fraud suit

Yahoo has settled a lawsuit over pay-per-click ads sold by Yahoo that wound up in some shady corners of the Internet.

Back in 2006 Yahoo was sued by a class of advertisers who alleged that Yahoo sold them ads that were supposed to appear on "highly targeted" sites and instead wound up on sites filled with spyware or run by typo squatters. Without admitting any wrongdoing, Yahoo has agreed to settle the lawsuit and change the way it sells certain ads across its sites, according to a settlement notice posted by Rust Consulting, the settlement administrator.

Yahoo will … Read more