SAN FRANCISCO (Reuters) - With two of its most distracting conflicts resolved in the past week and a half, Yahoo Inc hopes its new interim chief executive can focus on the biggest challenge of all: turning the company into an entertainment and information destination that wins back the advertising dollars flowing elsewhere. While ousted predecessors Scott Thompson and Carol Bartz were seen as technologists, Ross Levinsohn has managed Internet efforts at such mainstream media companies as CBS and Rupert Murdoch's News Corp. ...

A French judge on Wednesday asked a mediator to resolve a dispute pitting Internet giant Google against anti-racism groups who object to the search engine suggesting users add "Jew" to name searches.

In the widely publicized patent infringement case between Google and Oracle, a San Francisco jury on Wednesday found that Google’s Android operating system does not infringe Oracle’s patents. Jurors have been dismissed and Judge William Aslup of the U.S. District court of Northern California exonerated the Internet giant of any wrong doing. The verdict marks the end of the trial’s second phase, which focused on patent infringement claims. Google earlier this month was found to have infringed Oracle’s copyrights, however, and the proceedings are set to resume on Tuesday morning. [Via The Verge] Read

A jury on Wednesday declared Google innocent of patent infringement in a high-stakes court battle pitting business software titan Oracle against the Internet giant.

Facebook made its initial public offering last Friday and while*it didn’t go as smoothly as many had hoped, the offering was still the largest of its kind. Facebook stock began trading at $42 on Friday before closing just above $38, the IPO price set by bankers the night before. The stock has since slid further, touching $30 in pre-market trading on Wednesday morning, and media coverage has turned sour as investors continue to balk. All things considered, however, the $16 billion Facebook raised on Friday smashed Google’s earlier record by more than eight times and made Facebook’s offering the biggest in Internet IPO history. To put things in perspective as Facebook’s stock battles to climb back to the $38 mark

Yahoo! has set out to reclaim the Internet search crown from Google with the release of software that transforms the way users explore the Web using Apple's coveted gadgets.

Yahoo! has joined the browser game with Axis, a new internet browser that aims to redefine search.

Joining the battle to redefine Internet search, Yahoo is taking aim with a new browser enhancement it calls "Axis."

Google’s Nexus tablet will reportedly ship in June with an initial volume of 600,000 units per month, according to Digitimes. The slate, which is being co-developed by ASUS, is set to be released in July according to the report. The publications claims that Google originally planned to release its 7-inch tablet in May, however the design of the device did not meet its expectations and the cost was too high. As a result, the product was delayed until July for some minor adjustments. The Internet giant has high hopes for its own-brand tablet, shipments of which are expected to reach between 2 million and 2.5 million units in 2012. Previous rumors claim the Wi-Fi-only tablet will be equipped with a