Google boss says company is doing 'right thing' on tax

Google boss Eric Schmidt insisted Wednesday his company was trying to do the "right thing" as it faces criticism in Britain over the amount of tax it pays, saying it was for countries not companies to decide tax policies.

Facebook threat to Google grows in mobile

Just a year after Facebook started selling mobile ads, the social media giant has become a bigger threat to the dominant player in the space, Google Inc.

Google profile in China shrinking

(AP) -- A year after a public spat with Beijing over censorship, Google Inc. says its business with Chinese advertisers is growing even as the Internet giant's share of online searches in China plunges.

Myspace slashing 500 jobs, nearly half its staff

Myspace announced on Tuesday it was cutting some 500 jobs, nearly half its staff, in a move seen as potentially setting the stage for a sale of the social network owned by Rupert Murdoch's News Corp.

Gannett to partner with Yahoo on local advertising

(AP) -- Gannett Co., the largest U.S. newspaper publisher, is partnering with Yahoo Inc. to sell local online advertising. It's a deal that could help Gannett boost revenue as its traditional print business declines.

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