Here’s the latest action:

Intel gets hit with big Europe antitrust penalty — The world’s biggest chip maker is expected to get hit with a $1.3 billion [updated actual $1.45 billion] fine because it allegedly engaged in sales practices that made it all but impossible for its rivals to win chip deals, Bloomberg reported. The fine is expected to be announced Wednesday by the European Union antitrust regulators.

How startups are deciding to spend or cut in the recessionThe Wall Street Journal examines boardroom tensions between the savers and the spenders at startups.

The world’s top game developersDevelop magazine ranked the top 100 seasoned teams that publishers can bank on turning out video game hits.

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First Tweet from space — If a Tweet’s location could ever make news, this is it. The Orlando Sentinel has more.

Ask.com CEO leaving the company
— Jim Safka steps down after his brother dies and he reevaluates his life. Marketwatch has more.

Fucked Company and Adbrite founder launches Twitter dating sitePhilip Kaplan’s new company lets you look up with local Tweeters.

New York Times launches way to view content chronologically
— Any way you want the news, the NYT will serve it up to you, including reverse chronological order.

VCs pouring more money into early stage deals — While VC funding is down, more money is going into the earliest startups, according to The Deal.

StockTwits takes over Chart.ly — Deal makes sense since Chart.ly stock charts go with StockTwits service. TechCrunch has more.

Zeevex launches virtual currency card — More than 20,000 retailers will carry this Zeevex card that lets folks without credit cards buy goods in online games.

New Obama tax proposals would hit private equity firmsPE firms with international portfolio companies would get hit with higher taxes as the administration tries to close loopholes for companies holding funds overseas.

 

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