The US FTC updated its 2012 advertising guidelines and sent a letter warning Google, Yahoo, Microsoft, and other internet search companies to follow or be fined.
Google's mess in China should concern the company as it brings risks of being used as a blueprint in the US.
Fortune's Philip Elmer-DeWitt said that Apple spent US$16 billion to buy 36 million of its own shares.
Facebook continued to be the primary social network used which accounted for its US$1.81 billion earnings from April to June.
According to Yahoo! Finance, investors would be given great chances with Apple instead of BlackBerry and Hewlett-Packard but Google could slay Apple in terms of future growth.
Activist hedge fund Third Point LLC decided to sell back 40 million worth of shares to Yahoo Inc.
Online coupon site Retailmenot expected to raise about US$200 million in an initial public offering.
Yahoo's top lawyer, Michael Callahan, was now at Auction.com.
Yahoo's acquisition of Xobni was below its valuation and barely covered the amount venture capitalists invested.
Yahoo Inc acquired Xobni, an email and address book management app, to boost its Web traffic and revamp its online products.
Yahoo! bought Qwiki for about $50 million, the company announced Tuesday.
Millennium had done four exits of companies it had invested in just for the first half of 2013.
Yahoo Inc said on Tuesday it has bought "social news" start-up Snip.it
News and developments in Asia private equity from Reuters News for the week ending May 25.
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