Around the Web 7.18.08: Yahoo board gets one big investor, seeks many little investors

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

-- Legg Mason Capital Management says it will vote its 4.4% stake in Yahoo in favor of keeping the current board, which it says has acted responsibly in dealing with Microsoft. WSJ

-- When the only tool you have is a hammer: Yahoo devotes a button on its home page, the most popular single page on the Web, to an appeal to shareholders. TechCrunch

-- Google buys a Russian contextual ad firm and will supply search results to the No. 4 Russian portal. Silicon Alley Insider

-- Google and Microsoft sneeze, investors catch cold. LAT

-- The pros and cons of Amazon adding streaming to Unbox. Bit Player

-- Sexy people sound better: Hooray for science. LiveScience via Yahoo News

-- AT&T gives iPhone users free Wi-Fi access at existing hotspots, reversing a previous reversal of a flip-flop. IPhone Alley

-- News Flash: Recessions aren’t good for advertising, even on the Web. GigaOm

-- Joseph Menn