In an attempt from Yahoo current board and the CEO Jerry Yang to contain the mutiny amongst the shareholders for the failure of $47.5 billion takeover deal with Microsoft, The board postponed Yahoo annual meeting from the 3rd of July to the end of July.

Today Google opened Google sites for the public. Google sites is a brilliant move from Google to increase the usability of their Google Apps as many might know that these apps weren’t that hit as Google expected.

It seems that really Microsoft is going forward after the withdrawal of the takeover bid of Yahoo.Tomorrow Microsoft will announce that they established a joint program with eBay and Paypal to offer a Cash Back program that entitles the users of Microsoft Live Search for a cash back for every search conducted and results in a purchase.

Today , Microsoft issued a new press release regarding Yahoo after the current development in the situation since the withdrawal of Microsoft from the takeover proposal . In the recent release Microsoft has announced that they are studying alternate options to expand their business and advertising efforts.

Com Score Inc. has announced that finally Google sites have knocked out Yahoo from the long held number one position for the most visited U.S. site for April 2008 .

In February ,City of Detroit’s Police and Fire Retirement System and General Retirement System, has filed a lawsuit to prevent the Yahoo board from taking any unacceptable actions that prevents the success of the Microsoft takeover proposal.