Early Briefing: Yahoo Talks To AOL

*Yahoo reached out to AOL to gauge whether the Internet pioneer might be interested in some form of partnership. The move follows Yahoo's formal rejection of Microsoft's $44 billion takeover offer. Some analysts speculated that Yahoo may be try to gain some leverage in its negotiations with the Company That Bill Built But No Longer Runs. Others thought Yahoo is just trying to firm up its defenses so it can continue to go it alone. Whatever, this promises to be a long drawn out battle. See story.

*What's it like to be without your Blackberry? "It was like being underwater without an oxygen tank. It felt like every minute was an hour, ABC News senior political reporter Rick Klein told staff writer Cecilia Kang. Klein presumably survived yesterday's three-hour outage of the e-mail service. See story.

* Want some ammunition when you go to the boss for a raise? The Government Accountability Office and its new union have reached a tentative agreement that will guarantee at least a 4.49 percent pay raise this year to employees who are meeting job expectations. See Steve Barr's Federal Diary column for details.

* The Virginia home-building industry offered a compromise Monday that would exempt Tysons Corner and the Reston Town Center from a Senate bill that would dramatically change the way developers contribute money for roads, schools and other services. The bil would throw out the state's 30-year system in which local governments negotiate contributions for public facilities from builders to offset the cost of providing services to the residents of their communities. If the bill passes, local governments would charge a flat fee for every new house. The proposal to exempt Tysons and Reston was an attempt to placate Fairfax County , which opposes the bill. See story.

* Dave Morgan, a senior advertising exec at AOL, left the Dulles company after three months to pursue a start-up opportunity.

* Arlington's Watson Wyatt Worldwide plans to purchase up to $100 million of its class A common stock. See press release.

By Dan Beyers  |  February 12, 2008; 7:53 AM ET  | Category:  AOL
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