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Reuters – Yahoo Inc has resolved a dispute with Alibaba Group over the Chinese company’s transfer of its online payment system, Alipay, to Chief Executive Jack Ma, two sources close to the matter said.

Reuters – A U.S. judge approved a class action settlement over Google’s Buzz social network, and awarded $500,000 to an Internet privacy group that had previously been left out of the proposed deal.

Reuters – Apple Inc CEO Steve Jobs leaps back into the spotlight next week to showcase the iPad maker’s latest software and is widely expected to unveil an online music storage and streaming service.

NewsFactor – In yet another example of online attacks as commentary, a hacker group has broken into the PBS site. The attack, claimed by the anonymous group LulzSec, is reportedly due to unhappiness with a documentary about WikiLeaks aired by the PBS series Frontline.

AFP – The Pentagon said Tuesday that it would consider all options if the United States were hit by a cyber-attack as it develops the first military guidelines for the age of Internet warfare.

AP – iTunes’ top 10 selling singles and albums of the week ending May 30, 2011:

Reuters – Viadeo, the world’s second-biggest online networking site for professionals behind LinkedIn, plans to double its users in Africa within a year, its chief operating officer for the continent said on Tuesday.

NewsFactor – After weeks of rumors, Apple has confirmed it will announce its iCloud service at the Worldwide Developers Conference (WWDC), which begins Monday. The new service, expected to be centered around streaming music, will be unveiled during the morning keynote address by CEO Steve Jobs and a team of Apple executives.