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FTC Grants Approval for Hewlett-Packard's Palm Acquisition
Hewlett-Packard moved a step closer to officially owning smartphone-maker Palm June 1, when the Federal Trade Commission gave its approval of the acquisition, granting the early termination of a waiting period imposed by a 1976 antitrust act.

eBay to Cut 10 Percent of Workforce
eBay plans to make more than $1 billion in acquisitions to try to ward off effects of the sagging U.S. economy.