According to a Valleywag tipster: FYI - I've heard the word from my peeps over at Yahoo Search Marketing in Burbank CA that the layoffs are going down as we speak, and people are being let go today. They're apparently walking the people into a meeting room, and then walking them out of the building. And according to an SFist tipster: [Layoffs will] occur over the next few days as employees are sent packing.......

It looks like Sunnyvale-based Yahoo plans on rejecting the $44.6 billion rose Microsoft offered it earlier this month. A move that would have merged the two tech giants won't happen, it seems, and we were so sure this relationship would've worked out swimmingly. Sniff. But all is not lost. According the Gate: Yahoo's board, which met Friday, has determined that the $31 per share offer Microsoft made is inadequate. The Wall Street Journal reported......

Weep no more, my lady. After handing over an apology to the sobbing mother of a Chinese journalist that they helped imprison, Yahoo now must hand over an undisclosed amount to the scribes. Wang Xiaoning and Shi Tao, the latter a former journalist at Contemporary Business News, will receive a hefty, unknown amount from Yahoo, Inc. The Chinese journalists sued Yahoo, blaming them for their imprisonment and torture by Chinese government officials. "According to......

House Foreign Affairs Committee Chairman Tom Lantos threw down some serious shade today. "While technologically and financially you are giants, morally you are pygmies," he cried, shaming two senior Yahoo officials. Why? Because the Sunnyvale company named names, handing over private information about Chinese journalist Shi Tao's online pro-democracy action to country officials. (Or, as the New York Times so eloquently put it, their "complicity with an oppressive communist regime." Oh snap.) This landed......

According Eric Thomas from ABC 7, who went into mighty graphic detail about what happened, a suspect was arrested today for the kidnapping and rape of a 17-year-old Palo Alto teen. A press conference is scheduled at noon (now!), where even more details, names will surely unfold. This past Wednesday a teen was kidnapped in Palo Alto, taken to Sunnyvale (on the 500 block of Fair Oaks Avenue), and then sexually assaulted. She survived......