HP to Cut 5,900 Jobs in Europe
Hewlett-Packard will cut 5,900 jobs in Europe as part of a plan announced in July to reduce 14,500 jobs worldwide and save $1.9 billion annually, the company said.
HP earlier said about 3,200 employees in the United States had accepted early retirement packages as part of the restructuring.
FCC Chief Asks for Expedited Mergers
Federal Communications Commission Chairman Kevin J. Martin has asked the agency's staff to draft orders approving two big telecommunications mergers -- SBC Communications and AT&T, and Verizon Communications and MCI. Martin wants the commission to take a final vote on the deals next month, the Associated Press reported, according to two people with firsthand knowledge of the issue who were authorized to speak about the drafts only on the condition of anonymity. The Justice Department also will have to sign off on the mergers.
CNN, Time Business Sites to Merge
Time Warner said it will merge the business news Web sites of CNN and Time in January under the CNNMoney.com name as a way to increase Internet advertising sales.
The site will include material from CNN, Money, Fortune and other outlets. The combined and non-duplicated audience of the Web sites forming CNNMoney.com was 9.2 million visitors in July. The company, which will add about 20 employees to run the expanded site, said the merger is not part of a cost-cutting effort.
Yahoo Hires War Correspondent
Yahoo hired war correspondent Kevin Sites, who has worked for CNN and NBC News, to report from armed conflicts around the world for its Internet site. Starting Sept. 26, he will travel solo with a backpack containing digital cameras, a laptop and satellite telephones to file daily reports for his "Kevin Sites in the Hot Zone" Web page, Yahoo said. The service will also continue to collect stories from the Associated Press and other news organizations.
Cosby Awarded 'Albert' Domain
A U.N. panel awarded comedian Bill Cosby an Internet domain name based on his Fat Albert character. The World Intellectual Property Organization ordered the transfer of fatalbert.org to Cosby, who said it was being used in bad faith to divert visitors to a commercial search engine and a Web site selling sexually explicit products. Sterling Davenport of Loretto, Tenn., did not respond to the complaint.
Compiled from staff and news service reports.