Times Wire made its debut Monday and it's what happens when you take a large news organization and display its created content online as you would a wire service.
A newspaper newsroom subscribing to the New York Times Syndicate would be familiar with much of the stream of material, but Times Wire borrows a little from Twitter and FriendFeed (and the new Facebook) to relay the conent in reverse chronological order.
It's possible to take the entire feed or just the Business & Technology feed. It's the first of the Times' open API rollouts.