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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.
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Damage reported from magnitude-5.7 quake in Calif.
Residents in rural northeastern California assessed damage to their homes and businesses Friday from a magnitude-5.7 earthquake, one of the strongest temblors to hit the densely forested region in decades.
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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.
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