EBay to Lay Off 10% of Work Forcemore similar news »
The move to cut about 1,000 jobs is an attempt to improve the performance of its core marketplace division. EBay also said it is buying Bill Me Later, a Web-payment start-up.
Lilly to Buy ImClone for $6.5 Billionmore similar news »
The bid by Lilly for the biotechnology company beat out an offer from Bristol-Myers Squibb, which markets ImClone’s cancer drug Erbitux in the United States along with ImClone.
Fed Takes Steps Under Bailout Billmore similar news »
The Federal Reserve said that it would begin paying interest on commercial banks’ reserves and would expand its loan program to squeezed banks by billions of dollars.