Yahoo announces plans to redesign homepage

Yahoo Inc is moving ahead on Thursday with a radical redesign of its home page - the most heavily trafficked site on the Internet - making changes that give users a personalized view of the wider web.

The Internet media giant is under the gun to deliver on year-old promises to transform Yahoo from a network of more or less insular properties into "starting points" that help consumers quickly navigate their way to the rest of the Web.

"We are going to put what matters to you most at your fingertips," said Tapan Bhat, the senior vice president in charge of "front doors" - the main destinations at Yahoo, including Yahoo.com, MyYahoo and the Yahoo toolbar.