Yahoo Addresses Alipay Mess: Forget It, Shareholders–It's China.

You’re a very annoying partner for Alibaba, Yahoo. Huh? You know what happens to annoying partners in China? Huh? No? Wanna guess? Huh? No? Okay. They lose their Alipays.

News Byte

Google Takes $500M Charge Related to DOJ Ad Probe

Google’s latest 10-Q filing with the SEC became public today and revealed the company had taken a previously undisclosed $500 million charge in the quarter that ended March 31 “in connection with a potential resolution of an investigation by the United States Department of Justice into the use of Google advertising by certain advertisers.” No further elaboration was forthcoming.

Sun’s Business in Shambles Thanks to “Uncertainty Associated With the Proposed Acquisition by Oracle”

“The decrease in _____ revenue was primarily due to _____” and “uncertainty associated with the proposed acquisition by Oracle and increased competition.” That refrain is repeated over and over again in Sun’s latest grim earnings report, which was filed without much in the way of announcement Friday afternoon.
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Skype Actually a "Voice Over IP Litigation" Service

What a costly blunder Skype has proven to be for eBay. A $2.6 billion purchase price. A $1.4 billion asset impairment charge. Missed financial targets. And now this: eBay’s plans to spin off Skype next year are being threatened by a legal dispute over the telephony service’s underlying technology.
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Skype Actually a “Voice Over IP Litigation” Service

What a costly blunder Skype has proven to be for eBay. A $2.6 billion purchase price. A $1.4 billion asset impairment charge. Missed financial targets. And now this: eBay’s plans to spin off Skype next year are being threatened by a legal dispute over the telephony service’s underlying technology.
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YouTube Does Some More (Modest) Boasting: “Growth Is Definitely Good for Our Bottom Line”

More love from Google for its oft-maligned YouTube unit: Last week, Google officials went out of their way to praise the video site’s progress and said it was well on its way from money pit to profit center. Today, the company gives YouTube a pat on the back via an atta-boy blog post. Not much new here, but the message is that the Google folks are feeling ever more confident about YouTube’s prospects. But not enough to actually talk about them in concrete terms.
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Sirius Subscribership Injured in Chrysler, GM Bankruptcy Pile-Up

If you thought the decline in subscribers posted by Sirius XM Radio in its first quarter was ugly, you ain’t seen nothing yet. With the souring economy weighing heavy on the auto industry–a mainstay of Sirius’s business–and partner Chrysler navigating bankruptcy, the struggling company is bracing itself for continued subscriber losses in its second quarter.
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Time Warner Makes It Official: AOL Spinoff Is Coming

It’s hard for Time Warner to have been clearer about this, but there’s still a bit of confusion out there about the company’s plans to spin off AOL. Maybe this will clear it up: Time Warner told the SEC today that it intends to spin off AOL.
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Did Apple Just Fire 1,600 Retail Workers? Nope.

Question of the day: Did Apple somehow lay off 10 percent of its retail staff in the last quarter without anyone noticing until today? Answer: No. My bloggy brethren are hopped up about Apple’s disclosure, via its most recent quarterly filing with the SEC, that its retail group had “approximately 14,000 full-time equivalent employees” at the end of March. Three months earlier that number had been 15,600. Boring but important distinction: Cutting back hours is different than laying people off.
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