Web promotion - Alibaba.com sells stake to Yahoo for one billion dollars (AFP)AFP

Web promotion - Alibaba.com sells stake to Yahoo for one billion dollars (AFP)AFP

Alibaba.com sells stake to Yahoo for one billion dollars (AFP)

AFP - Chinese online retailer Alibaba.com has signed a strategic partnership to sell 40 percent of the company to Yahoo Inc for one billion dollars cash, the companies said.

Spanish Police Shut Down Movie Web Site (AP)
AP - A Web site that let users exchange pirated moves has been shut down and its four creators have been arrested, Spanish police said Thursday.

Blogs Attract Young, Wealthy Readers (PC World)
PC World - Visitors also are more likely to shop online and use a broadband connection, study finds.

US Internet search company Yahoo! claims largest online archives (AFP)

AFP - Internet search giant Yahoo is claiming to be king of the information hill, shoving aside rival Google when it comes to enabling people to find things online.

Microsoft Initially Released Corrupted IE Patch (TechWeb)
TechWeb - The patch for Internet Explorer that Microsoft earlier this week urged users to install as soon as possible was flawed, the company says.

Donald Trump Launches Blog As Latest Media Venture (TechWeb)
TechWeb - Add online blogger to the list of media ventures on the resume of real-estate mogul and reality TV star Donald Trump.

Tech Firms Urged to Aid U.S. Cybersecurity (PC World)
PC World - Homeland Security head plans to focus on online infrastructure and new security technology.

Groups Slam FCC on Internet Phone Tap Rule (AP)
AP - New regulations making it easier for law enforcement to tap Internet phone calls will also make computer systems more vulnerable to hackers, digital privacy and civil liberties groups say.

Japanese Musicians Trying to Join ITunes (AP)
AP - Japanese musicians under contract with Sony and other labels that haven't joined Apple's iTunes Music Store are starting to defy their recording companies and trying to get their music on the popular download service launched last week in Japan.

Yahoo Investing$1 Billion in Alibaba.com (AP)

AP - Yahoo Inc. announced Thursday it would pay $1 billion in cash for a 40 percent stake in the Chinese e-commerce firm Alibaba.com, heating up the race to dominate China's fledgling online auctions industry.