Yahoo's new plan: Spin off itself, not its Alibaba stake

Internet pioneer Yahoo, under pressure from unhappy shareholders and desperate to avoid a huge investment-related tax bill, will break itself apart — just not in the way it had previously planned.

The company will now aim to spin off its struggling Internet business — essentially, everything associated with the Yahoo brand name — into a new company. Yahoo itself would then become little more than a holding company for its $32 billion stake in Chinese e-commerce giant Alibaba.

Yahoo mulls shareholder demand to sell Internet business

Yahoo's board is considering an activist shareholder's demand to sell the Internet services the company is best known for, a maneuver that might help the company dodge a tax bill of more than $10 billion looming over its holdings in China's Alibaba Group.

The boardroom intrigue revolves around a recent proposal from Starboard Value, a New York hedge fund that been pressuring Yahoo CEO Marissa Mayer to take dramatic steps to boost the company's stock.

Fraud, sex, post-it art: Google cuts search links

Google's removal of search results in Europe is drawing accusations of press censorship, as stories from some of the continent's most prominent news outlets begin vanishing. The U.S. internet giant said Thursday it is getting 1,000 requests a day to scrub results.