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Just like Kyle said, you could be hurting your website's Google rankings with these 301 redirects. You will also have a bigger chance of being penalized if some of your URLs have some identical content. Your question also pops up in another SEOMoz question:  http://www.seomoz.org/q/can-penalties-be-passed-via-301-redirect

In most cases branded keywords consist brand name, so in your case both Blue Widget and Blue Widget Company are branded keywords/phrases, unless these are patented names of some other company.

Domain age will be a big factor in Bing SEO, but most of the known off-page and on-page SEO methods will help in all known search engines like Google, Bing and Yahoo. Many SEO experts just perform SEO for a website and not for a specific search engine.  If you concentrate on the website then search engines will follow.

Hi Alan,

Here is one great SEOMOZ article on choosing the right domain name.

http://www.seomoz.org/blog/how-to-choose-the-right-domain-name

I would suggest the following tips for your domain:

1. Try to stay with .com and do not  use hyphens

2. Shorter domain name is better

3. Must be easy to type and memorable

4. With keywords related to your website

5. Need to have commercial appeal

Hope this helps. Good luck!