Emerging from the troubles after the failed merger with Microsoft, Yahoo has managed to launch a new service called Fire Eagle.  Fire Eagle is tool that allows you to store your current physical location in the world with web services and mobile products and syncs it with other applications that provide geo-related services or social network features.

Once you update your location, you can choose which applications with built-in Fire Eagle functionality like Dopplr, Pownce, and Movable Type you want to share your information with. You can also choose how much detail about your location you want to share like country, state, zip code, cross streets among the few. The idea, according to Yahoo, is to bring location awareness to everything on the Internet and to give control back to the user.

On the issues of security and privacy, Yahoo Brickhouse head of product Tom Coates made it very clear that users are in complete control of what location information is made available.

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