Asustek's low-priced Eee PC helps boost revenue (AP)

AP - A low-price laptop product line is helping Taiwan's Asustek Computer Inc. generate record revenue despite signs of slowing global growth, a senior company executive said Tuesday.

Pandora, Webcasting see victory in Senate (CNET)
CNET - The U.S. Senate on Tuesday afternoon passed the Webcaster Settlement Act, the legislation that lays the groundwork for Web radio stations to negotiate reduced royalty rates for the songs they stream over the Web.

Verizon says $28.1B buyout of Alltel on track (AP)
AP - Verizon Wireless says it is moving forward with plans to acquire Alltel Corp. for $28.1 billion, although the country's financial climate has worsened since the companies reached an agreement four months ago.

eBay Buys Bill Me Later, Cuts 10 Percent of Workforce (PC Magazine)
PC Magazine - Internet auction site eBay will cut 10 percent of its workforce, or about 1,000 jobs, the company said Monday. On a more positive note, eBay also announced Monday that it will acquire online billing company Bill Me Later for $820 million in cash, plus two Danish Web properties.

Facebook co-founder leaves for new venture (AFP)

AFP - The college roommate who helped Mark Zuckerberg start Facebook is leaving the fast-growing social networking website in a matter of weeks to create a new Internet technology firm.