Or we would have been morally obligated to register it as an alternative domain.

Wachovia managed to get itself acquired right before a market pull-back it was unlikely to survive.  Now that is what I call good timing.  The key question is will we see one of the major banks fail before this market purge is all said and done?

EBAY WORKERS may be in for a shock they didn’t bargain for, with a report claiming the firm is floundering and preparing to lay off about 10 per cent of the company’s 15,000 employees. (Inquirer)

Hewlett-Packard just announced it will cut 24,600 jobs over the next three years, as it integrates tech consultancy EDS. (Valleywag)

Merrill Lynch, the world’s largest broker, agreed to be acquired by Bank of America for $29 a share, or $43.5 billion, after being pressured into a deal by federal regulators.
And this link.

During the conference call reporting on second quarter financial results, Dell’s new CFO Brian Gladden said several times that the company has “more work to be done,” to improve profitability and decrease costs. He wasn’t kidding. Over the last year Dell has cut headcount by more than 8,000, and now The Wall Street Journal [...]

Gannett, the McLean-based newspaper giant and publisher of USA Today, plans to cut 1,000 jobs, or about 3 percent of its workforce, according to a company memo.
Like most newspaper companies, Gannett is struggling with declining advertising and circulation and is trying to cut costs. Layoffs will account for about 600 of the positions targeted for [...]