Sabre cuts jobs, acquires business travel site

Sabre Holdings Corp. Monday announcedplans to lay off 1,200 workers and acquire a businesstravel site.

Sabre Holdings Corp. Monday announced plans to lay off 1,200 workers and acquire a business travel site.

Sabre owns a 62 percent stake in travel site Travelocity.com Inc.. The company said the job cuts would allow it to focus on electronic travel marketing and distribution, and IT services. Full story. -- Margaret Kane, ZDNet Inter@ctive Investor