You've Got Arianna: AOL Buys Huffington Post for $315 Million in Cash and Stock, Appoints Huffington Editor in Chief

In a bold and definitive move, AOL is paying $315 million, mostly in cash, to buy the Huffington Post, one of the Web’s most prominent news and opinion sites. As part of the deal, Huffington Post co-founder Arianna Huffington–who was derided by some when she co-founded the left-leaning site in 2005 with investor and well-known communications exec Kenneth Lerer–will become editor in chief of a new unit that has purview over all of AOL content properties. The deal was signed just this afternoon.

Sprint: Collateral Damage in the Verizon-AT&T iPhone War

So much for Sprint’s tentative comeback. The company’s no longer hemorrhaging subscribers and money–at least not as badly as it was. But that could change now that Apple has added Verizon as a second iPhone carrier in the States.
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Worldwide IT Spending Growth Speeds Up, Gartner Says

Good news, right? Yes, but it’s complicated by the weakness of the U.S. dollar.

Double Face-Palm: Analysts React to Palm’s Lowered Guidance

No question now: Palm is in for a rough time of it. News that the company’s webOS smartphones are not selling nearly as well as hoped has incited quite a bit of analyst hand-wringing over Palm’s prospects for a comeback. Given the magnitude of the shortfall Palm is expecting, many are questioning the company’s future.