San Francisco - Yahoo Inc was to announce at least 1,000 job cuts, possibly as early as Tuesday when it releases its quarterly earnings report, two newspapers reported.

The job cuts would be at least as many as the 1,000 jobs axed in January by the internet portal, which is struggling to compete with Google Inc for online advertising dollars, The Wall Street Journal and California's San Jose Mercury News reported, citing unnamed sources familiar with the matter.

Two of the world’s largest internet search engines, Google Inc. and Yahoo! Inc. have agreed to postpone an advertising sales partnership until the anti-trust lawyers from the U.S. Department of Justice pass their review. 

According to the reports, the delay will be quite brief, that could be less than a month. The advertising deal, which was announced in June, needs regulatory approval before it is implemented. 

In EU and Canada, anti-trust reviews on the ad-deal are proceeding. 

San Francisco  - Yahoo on Wednesday rolled out a new online advertising system aimed at boosting revenues as its board authorized fresh negotiations with Time Warner for the purchase of its AOL unit.

The board meeting Tuesday was the first since activist investor Carl Icahn was granted three seats on the board after agitating for a boardroom revolt over Yahoo's rejection of a 47.5-billion-dollar takeover by Microsoft.

The Wall Street Journal reported Wednesday that the board decision sanctioned secret negotiations that have been taking place between Yahoo and Time Warner. Yahoo has valued AOL at between 5 billion dollars and 8 billion dollars, while Time Warner is asking for 10 billion dollars.

San Francisco  - The board of Yahoo has met for the first time since activist investor Carl Icahn was granted a seat at the table, authorizing fresh negotiations with Time Warner for the purchase of its AOL unit.

Icahn won board seats for himself and two allies after agitating for a boardroom revolt over Yahoo's rejection of a 47.5-billion- dollar takeover by Microsoft.

The Wall Street Journal reported Wednesday that the board decision sanctioned secret negotiations that have been taking place between Yahoo and Time Warner. Yahoo has valued AOL at between 5 billion dollars and 8 billion dollars, while Time Warner is asking for 10 billion dollars.

In yet another step towards advancing technology, Intel Corp. in co-operation with internet major Yahoo, announced their plans to start a new Widget Channel, which will bring internet to television screens. The announcement was made on Wednesday and it was also informed that this new channel actually is a television application framework created for TV and related consumer electronics devices. In past too, such attempts to unite TV and internet were made, nut no success was availed. However, these two California-based companies want to create a new trend.