News was actually committed during Yahoo’s fourth-quarter earnings conference call today when CEO Carol Bartz noted that the company would disable its irksome “hover interaction” on the homepage and that the Internet giant has restructured its international business.

Yahoo (YHOO) reported results earlier today that slightly exceeded expectations in the fourth quarter, but it was no blowout.

Said a Yahoo spokeswoman in an email to BoomTown about dumping the hover:

“We are in the process of making a change to the hover interaction and it should be live in all markets that have the new homepage by late tonight. To give people more control over their experience, we are adding the ability to select from either a ‘hover’ or ‘click’ interaction for activating previews of apps in the My Favorites section. The default setting will be a click interaction, but people can also use a hover interaction by selecting that option as their default preference. You should see this change on your own homepage very soon.”

The hover feature, while initially touted as giving users easy access to widgets on the homepage, has been widely decried by advertisers because it essentially covers other ads at the top of the page, which are Yahoo’s most lucrative inventory.

Also, simply put, the hover is super-annoying.

Back in July when Yahoo rolled out the new homepage design, though, the company was high on the hover. (You can see it in action below; click on the image to make it larger.)

This was the most striking change in the homepage overhaul, in fact, featuring a prominent My Favorites area on the left side with dozens of specially designed applications–email, stocks and third-party sites like Facebook, among others–that users could customize and view through quick hovering glimpses.

Advertising popped up when hovering over the apps, which was Yahoo’s solution to the alternative of sending users away from the site when they clicked the apps.

In addition, Bartz said in the call that Yahoo’s international operations would be rejiggered, after an ultimately fruitless search for a new head of the unit. Bartz said she had not been able to find a qualified exec to run international, so she decided to change the set-up.

International ops will be reduced from four regions to three–Americas; Europe, Middle East, Africa; and Asia Pacific–with Emerging Markets tucked into them.

They will report to Bartz directly–with current Emerging Markets head Keith Nilsson taking the job of Global Initiatives SVP, also reporting to her.

Wrote another Yahoo spokeswoman:

“Yahoo! has reorganized our regions to strengthen focus on emerging countries, and to align company-wide resources and expertise against the company’s vision to be the center of people’s online lives. Effective April 1, the structure will be made up of three regions: The Americas, EMEA and APAC. Our Emerging Markets region, formerly separate, will be absorbed into these new regions to better support our work in countries with large and growing Internet populations. Yahoo! is making a further commitment to its global customers with the creation of a Global Initiatives SVP, reporting directly to Carol Bartz, CEO, focused on supporting global relationships and alliances.”

Rose Tsou heads up APAC, Rich Riley runs EMEA and Hilary Schneider helms the Americas.

DST will not get a board seat or “special observer rights” in return for its money. The two companies are holding a press conference shortly, so we may be able to extract a few more details.

The $10 billion valuation is comedown from the $15 billion figure that accompanied Microsoft’s (MSFT) 2007 investment, but no one expected that figure to hold up–in large part that deal was driven by a bidding war with Google (GOOG) and not much else.

Facebook and its newest investors are conducting a conference call to discuss the deal; I’ll be covering the call live.

FACEBOOK RECEIVES INVESTMENT FROM DIGITAL SKY TECHNOLOGIES

Passive Investment Includes Stake in Preferred Stock, Common Stock and Support for Facebook’s Continued Global Growth

PALO ALTO, Calif. — May 26, 2009 — Facebook today announced that Digital Sky Technologies (DST), one of the leading internet investment groups globally with significant stakes in Eastern European and Russian internet businesses, has made a $200 million investment in Facebook in exchange for preferred stock, representing a 1.96 percent equity stake at a $10 billion valuation.

In addition, DST has indicated that it is planning to offer to purchase at least $100 million of Facebook common stock from existing common stockholders that would facilitate liquidity for current and former employees’ vested shares in the company. The details of the plan are expected to be announced to eligible participants during the summer. Consistent with Facebook’s practice with other recent investors, DST will not be represented on the Facebook board or hold special observer rights.

“This investment demonstrates Facebook’s ongoing success at creating a global network for people to share and connect,” said Facebook CEO Mark Zuckerberg. “We’ve worked hard to bring more than 200 million people — 70 percent outside of the U.S. — onto Facebook to share with friends, family and co-workers. A number of firms approached us, but DST stood out because of the global perspective they bring — backed up by the impressive growth and financial achievements of their internet investments. We’re looking forward to working with the DST team.”

“Our investment experience in other regions reveals the tremendous value social networking companies create as they redefine how people communicate and interact,” said Yuri Milner, chief executive of DST.  “By every important metric — user growth and engagement, technological innovation and financial performance — Facebook is on a similar trajectory, though on a much more global scale. We’re delighted to invest in Facebook, Mark and his management team as they make the world more open and connected.”

Based in London and Moscow, DST is a well-respected investor in a number of successful internet companies, holding significant interests in Russia and Eastern Europe, such as Mail.ru, Forticom and vKontakte.  DST’s main assets account for over 70 percent of all page views in the Russian-speaking internet and its social networks are the market leaders in more than 13 countries, addressing a combined population of more than 350 million.

DST is run by its three partners who have complementary backgrounds in operations, investments and finance: Yuri Milner, previously CEO of Mail.ru, the #1 Russian language website; Gregory Finger, previously head of the Moscow office of NCH, a multi-billion dollar hedge fund; and Alexander Tamas, previously co-head of internet and software coverage in EMEA for the Investment Banking Division of Goldman Sachs. With its advanced understanding of opportunities in technology and social media, DST is a good fit for Facebook and an insightful partner that can help unlock additional growth opportunities.

Still, the PC industry is feeling the effect of the economic meltdown. “The U.S. home market saw definite softness,” said Gartner analyst Mika Kitagawa. “The global PC market finally felt the impact from global economic downturn.”

The fastest growing computer segment in the quarter: mini-notebooks. “The mini-notebook segment experienced strong growth in the global PC, led by robust growth in the Europe, Middle East and Africa (EMEA) region,” said Kitagawa. “In the North America market, the economic crunch created more interest in the sub-$500 segment. Because the mini-notebook is still a new segment, it is too early to determine if the emerging segment created new market opportunities or if it cannibalized lower priced systems.”

Seems the volatility in the world’s economy hasn’t undermined interest in new PCs so much as refocused it on a new category.

One last point worth noting here, in light of Tuesday MacBook event. Apple (AAPL) continues to exceed industry growth in laptop sales. As Apple COO Tim Cook noted yesterday, “Several quarters in a row, we’ve been growing two to three times the market growth.”

Still, the PC industry is feeling the effect of the economic meltdown. “The U.S. home market saw definite softness,” said Gartner analyst Mika Kitagawa. “The global PC market finally felt the impact from global economic downturn.”

The fastest growing computer segment in the quarter: mini-notebooks. “The mini-notebook segment experienced strong growth in the global PC, led by robust growth in the Europe, Middle East and Africa (EMEA) region,” said Kitagawa. “In the North America market, the economic crunch created more interest in the sub-$500 segment. Because the mini-notebook is still a new segment, it is too early to determine if the emerging segment created new market opportunities or if it cannibalized lower priced systems.”

Seems the volatility in the world’s economy hasn’t undermined interest in new PCs so much as refocused it on a new category.

One last point worth noting here, in light of Tuesday MacBook event. Apple (AAPL) continues to exceed industry growth in laptop sales. As Apple COO Tim Cook noted yesterday, “Several quarters in a row, we’ve been growing two to three times the market growth.”