Summary: Yahoo firing 1,500 workers, profits weak (AP)

October 21, 2008
AP - YAHOO'S CUTS: Yahoo Inc. will fire at least 1,500 people — 10 percent of its work force. This figures to be a more thorough housecleaning than when Yahoo had layoffs in February. In that round about 1,000 workers were cut loose, but Yahoo's payroll returned to the previous level within months.No tag for this post.

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IBM works on next-gen Web collaboration (InfoWorld)

October 21, 2008
InfoWorld - IBM is working on a Web-conferencing platform dubbed OpusUna, which offers all participants the ability to collaborate using the same Web pages and features audio and video.No tag for this post.

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Stocks end lower amid mixed earnings reports (AP)

October 21, 2008

Graphic shows daily trading, close and change from previous day of several economic indicators; two sizes; 2c x 2 3/8 inches; 96.3 mm x 60.3 mm; 1 1/2c x 2 1/2 inches; 66.5 mm x 63.5 mmAP - Wall Street retreated Tuesday after forecasts from DuPont, Sun Microsystems and Texas Instruments raised fears that companies' outlooks for the fourth quarter and beyond could indeed signal a severe economic downturn. After logging sharp gains the previous session, the Dow Jones industrial average fell 2.5 percent, while the Nasdaq composite index lost more than 4 percent following a weak showing by technology names.


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