- AP - Shares of major Web companies dropped sharply Monday amid a massive market sell-off that sent the Dow skidding below 10,000 for the first time in four years. - 
AP - After a series of changes designed to draw more people to its online marketplace, eBay Inc.'s latest alteration is aimed at its own employees. The auction site operator said Monday it will cut about 1,600 jobs, 10 percent of its work force, in its largest round of dismissals ever.
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Reuters - IAC Corp's Ask.com is overhauling its Web search engine to deliver faster results and improved relevance as it bids to win share from market leader Google Inc.
- AP - THE LAYOFFS: EBay Inc. is eliminating 1,600 jobs, about 10 percent of its work force. The online auction site operator will cut 1,000 full-time employees and let several hundred temporary and part-time workers go. It will also leave some open positions unfilled. - Reuters - A Portuguese online bank unveiled a novel interest rate deal Monday by letting clients bet on the outcome of the U.S. presidential election. - 
Reuters - Spending on Internet advertising in Britain grew 21 percent in the first half of 2008, propping up the total ad market which fell as cash-strapped companies cut back on marketing, a key report said.
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AFP - Internet search engine Ask.com unveiled a revamp on Monday in a bid to increase its share of the market dominated by Google.
- CNET - Just months after its launch, the magazine-sharing Web site Mygazines.com is largely cutting back on the free content it offers, after reaching a settlement agreement in a suit filed by a group of magazine publishers. - CNET - Adam Sarner, an analyst with market research firm Gartner, has projected that over 75 percent of Fortune 1000 companies with Web sites will have undertaken some kind of online social-networking initiative for marketing or customer relations purposes. But, he added in an interview with CNET News, 50 percent of those campaigns will be classified as failures. - 
AFP - Online auction giant eBay Inc. announced on Monday it was cutting 1,000 permanent employees and several hundred temporary workers, about 10 percent of its global workforce.
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Reuters - EBay Inc plans to cut its work force 10 percent and sees third-quarter revenue hitting the low end of its forecast, though profit will exceed expectations, the online auction Web site said on Monday.
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Reuters - Being too tired for sex is less of a problem for married Britons than for U.S. or Australian couples, and Brits place more importance on agreeing on how to handle their in-laws, online dating company eHarmony has found.
- AP - Assuming your company's name isn't a verb synonymous with looking things up online, how do you get Web surfers to not just try your search engine, but also frequent it? - AP - EBay Inc. did a little shopping of its own on Monday, saying it would pay $1.34 billion for online payments site Bill Me Later and two Danish classified ad Web sites. - 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.
