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Yahoo starts lab to improve services

Yahoo! Inc. is setting out to prove its recently acquired Overture Services division can deliver innovation as well as advertisements.

Inspired by Overture's past work, Yahoo has formed a research lab that will focus on ways to improve online search, e-mail, instant messaging and other features offered by the Web portal. The lab represents new territory for Sunnyvale, California-based Yahoo as it approaches its 10-year anniversary in April. The move also served as a reminder that Overture -- acquired by Yahoo in October for $1.8 billion -- offers other assets besides a highly profitable index that distributes text-based advertisements tied to the requests entered into online search engines.

News source: CNN

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