EU Poised to Approve Oracle-Sun Deal

The European Commission’s approval of Oracle’s $7.4 billion acquisition of Sun is imminent. Though EU regulators have until late January to make their decision, sources close to both companies tell me they expect approval this week, perhaps even as early as Wednesday or Thursday.
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IBM Layoffs: 1,674 and Counting

[UPDATE] Time Inc. Layoffs: Publishers, Top Execs at Southern Progress and Cooking Light Out

Time Inc. is cutting something like 600 employees, but for the past few weeks it has been doing so in small steps: 10 here, 30 there. That will change today when up to 250 people at Time Warner’s magazine unit are expected to get pink-slipped. Leaving the company along with them, executives from Cooking Light and Southern Progress.

Wall Street's Case of the Mondays

Wall Street’s Case of the Mondays

eBay Workforce High Bidder in Pink Slip Auction

The hammer has fallen at eBay. This morning the online auctioneer sacked about 1,000 permanent employees and a few hundred temps, about 10 percent of its workforce. That’s a bit less than the 1,500 workers for whom the company was rumored to be writing up pink slips, but it’s substantial just the same.