Top 10: Economic woes, AMD splits, Microsoft developments

Not all of this week's news involved global financial turmoil: while IT budgets are being cut and AMD is breaking itself up, a security tool was released for Firefox that prevents "clickjacking" and Microsoft said that Windows 7 will fix issues in Vista's user account control feature.1. Economic malaise hits IT industry : Disappointing earnings from some IT companies, fewer initial public offerings, lowered earnings forecasts -- all are part of the grim global economic outlook. On the bright side, though, IBM reported this week that its net income rose 20 percent in its third quarter and maintained its profits will be strong for the full fiscal year.[ Video: Catch up on the latest tech news with the World Tech Update ]2. AMD to spin off chip fabs to raise funds : Advanced Micro Devices is splitting into two companies, with... [read full story]