San Jose - While the Yahoo shareholders’ meeting was in progress, TechCrunch reported that Time Warner will block the possible appointment of former AOL Chairman Jon Miller to the Yahoo board. [more..]

San Jose - Today Yahoo’s (YHOO) board of directors and senior executive team met with shareholders, who heard upbeat presentations from Chairman Roy Bostock, CEO Jerry Yang, President Sue Decker and CFO Blake Jorgensen, which were followed by questions from shareholders, some demanding Bostock and Yang stepdown. [more..]

New York - U.S. District Court Judge George King, of the Central District of California, on July 15 rejected a motion to dismiss a lawsuit against the executives who sold MySpace parent Intermix to News Corp (NWSa.N) in 2005, clearing the way for the suit to go to trial. The class action suit accuses ex-senior executives and directors of Intermix, and its venture capital backer VantagePoint Venture Partners, of defrauding shareholders of billions of dollars through the $580 million sale of Intermix to News Corp. [more..]

Seattle, WA. - Amazon.com announced on Friday that, subject to closing conditions, it has reached an agreement to acquire AbeBooks, the Canadian online marketplace for books. The terms of the deal were not disclosed. [more..]

New York - DVD rental revenue rose for the first time in years, 0.5% nationally in the first half of the year, to $3.97 billion, according to Rentrak Corp. [more..]

Beijing, China - Following overnight talks with the International Olympic Committee, China has lifted blocks on long-barred websites such as Amnesty International, Human Rights Watch and the BBC for journalists during the games [more..]

Washington, D. C. - The Federal Communications Commission (FCC) has concluded that some of the tactics used by Comcast when managing its broadband network has been unreasonable in restricting Internet users who share movies and other material. [more..]

London – In a report, titled "Harmful content on the Internet and in video games," which examines "the Internet’s dark side," the UK government’s House of Commons' Culture Media and Sport Committee calls on social media sites like MySpace, Facebook, and YouTube to implement stricter policies, impose more content filtering, and better facilitate processes to report abuse, as reported by Ars Technica. [more..]

Santa Monica, CA - Video game publisher Activision Blizzard saw its revenue increase by 34% and profits more than double in the last quarter. [more..]

Santa Monica, CA - Start-up web image analytics technology company GumGum announced on Friday that it has completed a first round of $1.2 million in funding from First Round Capital and Crosscut Ventures. [more..]

London, U. K. - The British entertainment group BSkyB's revenues grew 9 per cent to £5bn ($10 bn) in the year to June, but operating profit fell 11 per cent to £724m ($1,4 bn). [more..]

New York - Research firm ABI Research predicts that the developing location-based mobile social networking industry will turn into a $3.3 billion market worldwide by 2013, according to Alley Insider. [more..]