Dow drops nearly 200 points: Despite the interest rate cuts mentioned below, the Dow fell 189 points to close at 9258.1, down 2 percent. [photo from rednuht on Flickr]

Central banks step up with interest rate cuts: The Federal Reserve coordinated a series of global rate cuts with central banks around the world in an attempt to calm nerves. You can also read our coverage of the rate cuts and the (temporary) boost to the market.

Judge halts downloads of RealDVD: RealNetworks suffers a setback as a judge sides with movies studios on DVD copying software for now.

Hi5 launches new version for developers: The social network Hi5 has launched the 0.8 version of OpenSocial on the Hi5 developer platform

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Venture capitalists share tips on Twitter: If you want to get advice from venture capitalists, you can now follow @vctips, a Twitter account where a dozen or so seasoned VCs will share their knowledge.

Palin hacker indicted: It’s not a good idea to hack the email of a vice presidential candidate. Just ask David Kernell, son of a Tennessee Democratic state representative, who turned himself in to face charges.

Monster Worldwide takes rest of ChinaHR: The HR company buys 55 percent of ChinaHR it doesn’t already own.

News Corp. buys the rest of Jamba:
News Corp. is paying $200 million to buy out Verisign’s interest in ringtone and game firm Jamba.

Google to offer RSS feeds for basic web search results: ReadWriteWeb has more.

Will Microsoft’s Cloud OS be called Windows Strata? Speculation is growing about whether Microsoft is on the verge of a cloud software launch.

Oracle buys Primavera: The database software giant buys Primavera Systems, a maker of project management software. Terms were not disclosed.

Symantec buys MessageLabs: The deal is valued at $695 million and it will give Symantec, a security software vendor, a stronger position in the software as a service market.

Lastly, Intel’s new beef: Intel says it has “serious questions” about AMD’s split into two companies. Intel and AMD have an intellectual property sharing agreement that has kept the peace (at least on patent fights) between the companies for more than a decade.

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