News Corp. chairman and CEO Rupert Murdoch said he will not battle Microsoft Corp. to act as a white knight for Yahoo Inc.

General Electric Co. announced this Thursday that it has abandoned talks with Financial Times publisher Pearson PLC about a possible bid for Dow Jones & Co., removing a potential rival to a $5 billion offer from Rupert Murdoch's News Corp.

NBC Universal and News Crop. announce deal with internet leaders AOL, MSN, Myspace and Yahoo! to create a premium online video site with unprecedented reach, to challenge You Tube.