Google has decided to shut down and kill its Google Labs initiative as part of the company’s efforts to streamline its product portfolio and focus its development efforts. So its over fellas. We no longer will be able to play with new products that Google engineers were experimenting with. However, on the brighter side, Google indicated that many of the products and technology from Google Labs... 

Yahoo has been shutting down tons of its products including MyBlogLog and AltaVista and also laying off employees in an attempt to restructure the organization. However, there has been some buzz going around that Yahoo might be shutting down Delicious, one of the most popular bookmarking services in the world. Now, we have confirmed report that Yahoo will shut down several of its Web properties, including...