Yahoo Inc's search deal with Microsoft failed to deliver the expected market share gains or revenue boost, CEO Marissa Mayer admitted on Tuesday.

Speaking at the Goldman Sachs Technology & Internet Conference in San Francisco yesterday, Mayer said that the ten-year search partnership between the two companies was underperforming.

According to a new eWEEK report, citing information shared by Yahoo officials, a group of hackers called "D33Ds Company" stole more than 400,000 passwords from Yahoo Voices - the service which was originally called Associated Content, and is part of Yahoo's news service.

While confirming the breach of Yahoo Voices' user credentials by the hackers, the Yahoo officials also added that valid passwords had been listed by even less than 5 percent of the Yahoo accounts; thereby implying that the day-to-day passwords of the users had apparently not been compromised.

In an attempt to redefine Internet search as well as point towards a much-enhanced Web browser, the struggling Internet company Yahoo is coming up with a new tool – dubbed ‘Axis’ – which displays search results in a more expedient and persuasive layout, by altering the browsers made by other companies.

According to `inside' sources familiar with the proceedings at Yahoo, the company's latest CEO Scott Thompson agreed to step down from his post over the weekend --- a move which is an upshot of an activist investor's recent exposure of Thompson's allegedly `exaggerated' academic credentials in his biography.

In the court papers filed in the federal court in San Jose on Friday, Yahoo has leveled new accusations of intellectual property theft against Facebook, in its lawsuit filed against the social network six weeks back.

Claiming that the popular Facebook social network infringes 12, instead of the earlier-mentioned 10, of Yahoo's Internet patents, Yahoo also said in the Friday filing that Facebook had violated a deal between the two companies about notifying each other of the probable patent infringements before taking any legal action.

In what is the latest turn in the recent happenings at Yahoo, Carol Bartz has resigned from the company’s board of directors, close on the heels of her last week ouster as the CEO.

According to a confirmation by a Yahoo spokesman on Sunday, Bartz’s resignation – which took effect last Friday – is a result of immense pressure from investors who have long been expressing their displeasure at the management and performance of the Internet firm.

After slashing its workforce by around 5 per cent, Internet search firm Yahoo has reportedly been mulling over plans to shut down some of its web products, such as bookmark-sharing service Delicious, to stimulate revenue growth.

AllThingsD and TechCrunch recently reported that Yahoo was planning to shut down bookmark-sharing service Delicious as a part of its plans to consolidate its Web properties.

Chief product officer Blake Irving at Yahoo also posted a tweet that the firm had plans to get rid of the bookmark-sharing service Delicious for quite some time.

Internet search firm Yahoo Inc announced on Tuesday that that it would slash as many as 600 jobs as a part of efforts to revive revenue growth.

The number of jobs to be cut represents around 4 per cent of company's workforce. The product division of the company will suffer the biggest brunt of the cuts.

Kim Rubey, spokesperson for the company, said that the notification process would begin on Tuesday.

A source has said that the founder of Alibaba Group, Jack Ma has recently been approached by a group of private equity investors. This meet is said to have taken place to determine his level of interest in joining a bid to buy Yahoo Inc.

China's largest e-commerce Company, the Alibaba Group is said to be 40% owned by Yahoo. This piece of information has been revealed by some source that refused to divulge his identity because of the sensitivity of the situation.

Google Inc. inclined its run in the online exploring souk subsequent to the speeding up of the liberation of its investigation outcome whereas nearest opponent, Yahoo Inc., drifted position in the initial complete month of its alliance with Microsoft Corp.

According to the data published late on Monday by the Internet explore group, comScore Inc, along with its September pace, Google improved much of the position that it had misplaced during the month of May.

Yahoo Inc. announced on Tuesday that it agreed to acquire an online advertising start-up, called Dapper. The acquisition is expected to narrow the gap between Yahoo and its biggest rival Google.

Internet search giant Google gained similar technology last year when it acquired start-up called Teracent.

Frank Weishaupt, vice president for North America Ad Marketplaces at Yahoo, said that the deal would make the company more competitive in terms of the pairing of content as well as advertisements.

Yahoo chief executive Carol Bartz is facing crisis as internet giant’s three top executives are departing to try their luck elsewhere.

The departing executives are: Hilary Schneider, David Ko and Jimmy Pitaro. Hilary Schneider was in-charge of Yahoo's advertising in the US; David Ko was responsible for mobile and audience; while Jimmy Pitaro was running the division that created the heavily trafficked sports, news and finance sections of Yahoo's website.

The technology site All Things Digital was the first to disclose the departures. Yahoo confirmed that report on Thursday.

The internet giant Yahoo Inc is aiming to keep the internet users more time on the website by making updates to several advertising and consumer products.

The company has announced this mover on Thursday including an upgrade in its email system and search engine. At a conference of Yahoo at its headquarters the chief product officer, Blake Irving has unveiled a three year vision of Yahoo as an innovation to the technology company.

Yahoo will be offering its latest search by offering better news and entertainment-related queries, upping the features of the webmail service and easy connectivity with Twitter and Facebook.

It was further added that factors such as movies, music and news will come In much better "visually compelling" and offer information based on elements such as images, videos, articles and social-media-site postings, Yahoo.

Yahoo Inc. is giving a face-lift to its email service to prevent its dwindling user base from further decline and compete with rivals such as Google Inc. and Microsoft Corp.

Apart from search giants, Yahoo Inc. has also been facing cut-throat competition from social networking sites such as Facebook and Twitter.

The changes to Yahoo Mail, which are a part of project Minty, are intended to increase the speed of the service in countries where Internet connections are comparatively slower.