Business
Schumer urges look at security in Sprint deal
Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open up U.S. networks to snooping and hacking. The New York Democrat sent letters Friday to ...
News Corp. OKs poison pill, buyback before split
News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete. The New York-based media conglomerate also ...
Delta ups the ante in battle for NY travel market
Delta Air Lines opened a $1.4 billion terminal at Kennedy Airport Friday, strengthening its hand in the battle for the lucrative New York travel market. The expanded concourse offers sweeping views of the airport, upscale food and shopping options and increased seating. The facility was also celebrated Friday for what ...
FDA warns of infections tied to Tennessee pharmacy
Government health officials are investigating several complications reported with potentially contaminated medications made by a Tennessee specialty pharmacy. The Food and Drug Administration said Friday that the investigation involves seven reports from patients who received steroid injections from Main Street Family Pharmacy, a compounding pharmacy in Newbern, Tenn. The injections ...
Barrick fined $16m for Pascua-Lama violations
Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its environmental permit as well as a failure by the company to accurately describe what it had done wrong. After a ...
Netflix looks to hook subscribers with 'Arrested'
Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service. The award-winning show about the dysfunctional Bluth family returns Sunday, seven years after Fox cancelled the series. The revival coincides with Netflix's own resounding comeback from a customer ...
Stocks head lower, market on track for weekly loss
The stock market headed slightly lower Friday, keeping on track for its first weekly loss in a month. The Standard & Poor's 500 index was down three points at 1,647, a slip of 0.2 percent, as of 1:30 p.m. Eastern time. The Dow Jones industrial average was down three points ...
UK-bound Pakistan Plane Diverted, 2 Men Arrested
Two men were arrested on suspicion of endangering an aircraft Friday after a U.K. fighter jet was scrambled to divert their plane as it traveled from Pakistan to Britain, officials said. (May 24)
Oil falls below $94 on weak outlook for demand
The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. Benchmark oil for July delivery was down 36 cents to $93.91 a barrel in midday trading on the New York Mercantile Exchange. On Thursday, oil fell as low as $92.91 ...
World stocks lower after big sell-off
World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's Nikkei, which had led the previous day's losses with a plunge of over 7 percent, seesawed throughout ...
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