AP - In a move to dramatically cut costs and better compete with Intel Corp., chip maker Advanced Micro Devices Inc. said Tuesday it will spin off its factories into a new joint venture with investors in the Persian Gulf state of Abu Dhabi.

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.

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.

Reuters - Thieves have hijacked sensitive data on millions of Deutsche Telekom mobile phone customers, the German company has acknowledged in its second major security scandal this year.