“AOL staff has confirmed that the company is set to lay off thousands more employees in the coming months, following the announcement of the launch of a voluntary layoff program.
Tricia Primrose, vice president of AOL’s Corporate Communications, said AOL employees were informed of the move Thursday and the company will ask for 2,500 employees to [...]

This one doesn’t look like it will have a happy ending for anyone other than the Bebo investors.
In an unexpected move, AOL has acquired social-networking site Bebo. The price tag: $850 million in cash.
Rumors had floated over the past few months that Bebo, which has over 40 million members, was up for sale. Reports suggested [...]

The Toronto stock market was slammed with its biggest single-day loss since the tech bubble burst seven years ago as nervous investors worried that the Canadian economy will feel the ripple effects of a looming recession in the United States.The 605-point drop – 4.75 per cent of the market – trimmed more than $90 billion [...]