San Bruno, Calif. - Google's YouTube has announced plans to begin selling ads on YouTube search results pages, in an effort to harness the traffic to a site that boasts the third-largest number of search queries behind Google.com and Yahoo.com, based on comScore data. [more..]

Santa Clara, Calif. - Plagued by "significantly weaker-than-expected demand" for its computer chips, Intel said late Wednesday that its fourth-quarter revenue should come in well below its previous guidance. [more..]

New York - Nearly 80% of adult online consumers have made a purchase on the Internet over the past six months, according to a new study by Nielsen Online.
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New York - Blog publisher Gawker Media has shut down its Valleywag site, a gossip rag focused on Silicon Valley technology companies, and folded its content into a column on its flagship Gawker.com site, CNET News.com reported. [more..]

New York - Mobile content distributor Thumbplay has laid executed a round of layoffs, which one source told Silicon Alley Insider constituted 25% of staff, while a spokesperson countered the percentage to be "measurably lower." [more..]

Las Vegas - The Consumer Electronics Association (CEA) has announced the winners of its International CES Best of Innovations 2009 Design and Engineering awards, which honor advancements in design and engineering in 34 consumer electronics product categories. [more..]

Research Triangle Park, N.C. - Digitalsmiths, a provider of broadband video indexing, analytics, and publishing technology, announced on Thursday that it has closed a $12 million second round of financing. [more..]

Newton, Mass. - PeerApp, a provider of media caching and bandwidth arbitrage technology for ISPs, has raised $8 million in its second round of venture capital, which was led by Pilot House Ventures, Cedar Fund and Evergreen Venture Partners. [more..]

New York - Mobile advertising services firm MoJiva announced that it has raised an undisclosed amount of first round funding from Bertelsmann Digital Media Investments (BDMI), the venture capital arm of German media conglomerate Bertelsmann. [more..]

New York - Innovation Interactive, a provider of online marketing services, announced on Wednesday that it has acquired Netmining, a Belgium-based provider of landing page and on-site behavioral optimization technology. [more..]

Wii Fit, Nintendo’s popular video game, is currently the most searched-for product by UK Internet shoppers in the run-up to Christmas, blogs Robin Goad. [more..]

Hollywood - Buzznet, a network of blogs focused on pop culture, announced on Thursday the launch of Just Jared Jr., a spin-off of the celebrity news site targeted at tweens and teens. [more..]

Redmond, Wash. - Microsoft on Thursday announced that it plans to upgrade its Games for Windows -- LIVE online gaming service, the Web community for its slate of PC games, and begin offering downloadable game content. [more..]

Redwood City, Calif. - Video game publisher Electronic Arts on Thursday announced that its EA Sports publishing label is developing "EA Sports Active," a personal fitness game for Nintendo's Wii console. [more..]