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Yahoo buys time to handle Microsoft bid

Slumping Internet pioneer Yahoo on Wednesday postponed a key deadline in a looming battle with spurned suitor Microsoft, hoping to gain more wiggle room as it tries to escape a takeover.

The Sunnyvale-based company's maneuver means that March 14 is no longer the deadline for Microsoft to nominate a slate of candidates to replace Yahoo's current board - the 10 directors who rejected the world's largest software maker's initial takeover offer of $44.6 billion.

Microsoft had already signaled it was prepared to oust the board if Yahoo didn't come to the negotiating table before March 14.

Yahoo hasn't offered a new nominating deadline. It will be set once Yahoo announces the date of its annual shareholders meeting. Microsoft will have up to 10 days after the public notice to nominate directors and begin what's known as a "proxy" battle.

"Our objective here is to enable our board to continue to explore all of its strategic alternatives for maximizing value for stockholders without the distraction of a proxy contest," Yahoo Chief Executive Jerry Yang and Chairman Roy Bostock wrote in an e-mail sent to the company's employees.

Microsoft didn't immediately respond to requests for comment.

Yahoo could wait a few more months before announcing its annual meeting, which can be held as late as July 12 this year. But Yahoo is more likely to set the date within the next week or two, according to a person familiar with the company's thinking. The person wasn't authorized to speak publicly.

Top Google exec jumps to Facebook

Now it's Google's turn to be hounded by an upstart. Facebook, the popular social networking site, has lured top Google executive Sheryl Sandberg to serve as its chief operating officer.

Sandberg, who ran Google's online sales unit, is the first senior executive to jump from Google's management team to another company. George Reyes, Google's chief financial officer, announced his retirement in August, but is staying on until a successor is named.

News of Sandberg's exit comes amid a steady drop in Google shares. Since hitting a high of $747 in December, Google shares have dropped 41% as the days of hyper growth appear to have ended for the Net colossus.

Sandberg's move to the No. 2 job at Facebook was first reported by Kara Swisher on her BoomTown blog, which is run by The Wall Street Journal, and confirmed by Fortune's GoWest blogger Adam Lashinsky.

At Google, Sandberg ran the automated advertising operations for the search giant, the unit responsible for a large part of the company's profits and revenue.

Sandberg is expected to apply her deep operations skills to Facebook and transform the social networking site into a full-fledged business. She replaces Owen Van Natta, who announced his exit last month.

"The focus for Facebook is scaling," Sandberg said in an interview Tuesday. "That's what I've done at Google. Another similar challenge is building an advertising network, which I also did at Google."

Facebook has become the leading challenger to MySpace the online social networking unit of News Corp (NWS, Fortune 500). Facebook was founded by Mark Zuckerberg, who is also chief executive.

This isn't the first time Facebook has raided Google. In the last seven months, it brought in Gideon Yu, the former chief financial officer of YouTube, a Google (GOOG, Fortune 500) unit, as its CFO. Facebook also nabbed Benjamin Ling, the engineer credited with creating Google Checkout, to run its software platform.

Sandberg joined Google in 2001, three years before it went public.

Fashion Schools New York

Fashion schools new york

In the Fashion Schools New York you can study in one of fashion capitols of the world. In the new york fashion schools , you can study in:

- Fashion Design Schools
- Fashion Merchandising Schools
- Fashion Marketing Schools

As a Fashion Design Student, you will have the opportunity to learn the latest strategies and techniques of the fashion industry.

As a fashion merchandiser, you will identify trends and target markets, and then choose the clothing lines and designers that you think will be popular within the parameters you set up.

As a fashion marketer, you will create advertising campaigns that will appeal to the general public and specific markets in order to convince them that what you find trendy and fashionable they should too.

Fashion merchandising offers many avenues to follow, including the following:

• Assistant Merchandiser, Assistant Merchandise Stylist, or Customer Service Representative for a fashion manufacturer;
• Assistant Sales Manager or Showroom Sales Representative in the fashion wholesaling business;
• Department Manager, Assistant Buyer, Assistant Fashion Promotion/Special Events Coordinator, or Visual Merchandising Assistant for a fashion retailer;
• Buying Office Assistant for a resident buying office;
• Advertising Representative or Stylist for an advertising agency.

The fashion business is an exciting, creative, exploding industry. Although you might feel like your fantasies of becoming a fashion designer are far-fetched, there are steps out there you can take to truly achieve such dreams. The business of fashion is a competitive one, but a proper education might be exactly the advantage you need!

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How Sony Won the HD-DVD war

The Oscars were a non-event this year for Sony - the studio took home only one gold statue - but Sir Howard Stringer was in town with plenty to celebrate.

The globe-trotting Sony Corporation chief was fresh off his company's triumph in the high-stakes, high-definition video player wars. On February 19, Stringer was en route from Tokyo to London, to attend a movie premiere and then a party for his 66th birthday, when Toshiba held a press conference announcing it would stop producing less expensive, Microsoft (MSFT, Fortune 500)-backed HD DVD players and would cede the battle to Sony-led Blu-ray.

It was somehow fitting that Sir Howard's next stop on his world tour would be Hollywood, because it was here that the Blu-ray battle was ultimately won. Toshiba only threw in the towel after the Warner Brothers studio decided last month to stop releasing its DVDs in both formats and go exclusively with Blu Ray. The victory was not only crucial to proving Stringer's strategy of showing that Sony's entertainment, electronics and games businesses could work together but - perhaps more critically - helped exorcise the ghosts of its failed Betamax video tape format that has haunted Sony for two decades.