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Here’s the latest action:

AOL to launch political news site — Just as newspapers cut back on staff, AOL plans to launch a political news site with seasoned journalists. Meanwhile, former AOL chief Steve Case made an appearance at an AOL event.

Facebook co-founder Chris Hughes goes to dark side — Hughes has joined venture capital firm General Catalyst as a full-time entrepreneur in residence. PEHub has more.

Computer science enrollment rises —
For the first time in six years, more college students are becoming computer science majors. The numbers refer to 2007, the most recent period available. The New York Times has more.

Hi5 talks monetization statistics — The 70-million-strong social network wants to generate $25 million in revenues this year through ads, digital gifts, avatars and other goods. Forbes has more.

PS 3 price cut? Everybody wants Sony to make its PlayStation 3 game console cheaper, but Sony has been holding out. An analyst notes that a price cut may not help anyway.

Steam launches micro-payments — Valve’s Steam digital downloading system for games has a new feature that lets game publishers sell additional downloadable content within their games.

THQ to close Big Huge Games: Game publisher gives 60-day notice and plans to shut maker of real-time strategy games if buyer isn’t found.

Seattle Post-Intelligencer prints its last paper issue — The news site will live on, but with a staff of 20 instead of 165. The photo on the right came from a former staffer with a taste for humor.

Cisco dives into server market — Now the world’s biggest router maker will muscle in on the turf of server vendors IBM, HP, Sun Microsystems and Dell. The New York Times has more.

Nokia lays off 1,700 people —
The world’s biggest phone maker takes a hit thanks to weak phone sales. Reuters has more.

HTC to launch three more Android phones
The phone maker’s chief says that the first Android phone has done well and three more are coming by year-end.

Ifbyphone launches BlackBerry app — The conference call and messaging app is its first on the RIM platform.


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