Recent Posts

News Corp. to Put Poison Pill to a Vote

NEW YORK – News Corp. (NWS), the media conglomerate controlled by Rupert Murdoch, has reached a settlement with a group of shareholders who sued the company over its handling of a “poison pill” anti-takeover defense. Lawyers for the shareholders said Thursday that News Corp., in a reversal, told them it …

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GM to Sell GMAC Stake for $14B

NEW YORK – General Motors Corp. (GM) Monday said it agreed to sell a 51 percent stake in its financing arm, General Motors Acceptance Corp., to a consortium led by hedge fund Cerberus Capital Management LP in a deal worth $14 billion. The long-awaited sale would generate much-needed cash for …

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Newer Cell Phone Signal Detected in Search for Hikers

COOPER SPUR, Ore. – One of three stranded climbers lost somewhere amid ice, billowing snow and gale-force winds on Mount Hood has been turning off and on his cell phone, authorities said Thursday, raising hopes for his rescue. T-Mobile received a signal from Kelly James‘ cell phone late Tuesday night, …

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