HP [2]: In a surprise announcement, HP revealed that they will be acquiring Palm for $1.2 billion. Our own Dan Nosowitz takes you through the details [3].

Hulu [4]: After licensing rights discussions proved unfruitful with British broadcasters, Hulu has nixed their plans to launch their service across the pond. According to reports [5], licensing talks with broadcasters have been going on for almost a year now, part of a joint venture with NBC, Disney, and News Corp.

Toyota [6]: More bad news for the struggling Japanese automaker. Toyota announced today [7] another recall because of a faulty vehicle stability control system in their Sequoia models. The car company has recalled roughly 50,000 Sequoias, and while no accidents have occurred as a result of the issue, it comes at a terrible time as Toyota attempts to improve its tarnished image.

Facebook [8]: With the Senate uproar splashing across the Web yesterday [9], you'd think Facebook employees would be a little more disciplined. According to the NY Times' Nick Bilton's Twitter [10]: "Off record chat w/ Facebook employee. Me: How does Zuck feel about privacy? Response: [laughter] He doesn't believe in it." Of course, who knows how off the cuff this was, but the last thing Mr. Zuckerberg needs is insider accounts before Facebook's meeting with Congress.