If this were a startup that was trying to grow as fast as possible, it would be a good idea to own the domain. It would make the site easier to find. But we're not trying to grow, so we don't want to make HN easier to find.
Not that I know of. But since the site mostly exists to promote ycombinator, and doesn't directly make money, I would see no point in their doing so.
I understand where the original poster is coming from. news.ycombinator.com is not a very intuitive url for a website that is known as hacker news.