CHICAGO (Reuters) – The Ricketts family’s $900 million purchase of the Chicago Cubs from Tribune Co could close soon, despite disagreements on the value of broadcast contracts, two sources familiar with the talks said.

Go here to read the rest:
Deal for Chicago Cubs could close soon: sources

DETROIT (Reuters) – Advisers to General Motors Corp bondholders representing $27 billion in the automaker’s debt urged investors on Friday to support a debt swap negotiated over the past week with the Obama administration.

Read more from the original source:
GM bondholders urged to accept new debt deal

A government lawyer says the former head of Kmart Corp. used “lies, deceptions and half-truths” to keep investors in the dark about a cash crisis in the months before a 2002 bankruptcy. A jury in federal court in Ann Arbor is hearing closing arguments Friday…

Related:
Kmart – Lawyer – Witness box – Chain store – Law

View original post here:
Lawyers prepare closing arguments in Kmart case

In a May 28 story about food coolers that passed tests for resistance to grizzly bears, The Associated Press misspelled the surname of the owner of Engel USA in Jupiter, Fla. His name is Paul Kabalin, not…

Related:
Grizzly Bear – United States – Bear – Recreation – Veckatimest

View original post here:
Correction: Grizzly Bear Coolers

New York state Comptroller Thomas DiNapoli says the state’s massive public pension fund lost more than 26 percent on its investments during a fiscal year marked by Wall Street’s meltdown and the recession. He says benefits to retirees are secure, but state…

Related:
New York – Thomas DiNapoli – Wall Street – New York State Comptroller – United States

Read more:
NY pension fund takes more than 26 percent hit

FRANKFURT/BERLIN (Reuters) – Canadian auto parts group Magna has reached a preliminary deal with General Motors Corp to invest in Opel, boosting hopes for a deal with the U.S. and German governments to save the carmaker.

More here:
Hope for Opel as Magna nears deal with parent GM

Read more:
Expenses Scandal Shakes Britain

NEW YORK (Reuters) – U.S. stocks were mostly flat on Friday as rising oil prices lifted energy stocks and investors digested a mixed bag of data, including regional business activity and consumer sentiment.

Go here to see the original:
Higher oil price, mixed data slow Wall Street

Ohio State President E. Gordon Gee is stepping down from the board of coal mining giant Massey Energy under pressure from environmental groups. In a statement Friday, Richmond, Va.-based Massey said Gee will leave the board on July 1 after nine years. The…

Related:
Massey Energy – Coal mining – Gordon Gee – Ohio State University – Richmond Virginia

See original here:
OSU president resigns from Massey under pressure

NEW YORK (Reuters) – The two largest U.S. cable operators expect slower customer growth in the current quarter across all their products when compared with the first quarter.

Original post:
U.S. cable operators see weaker second quarter

U.S. officials say there are new signs North Korea may be planning even more missile launches in a show of strength following worldwide condemnation of its underground nuclear test. The North fired a short-range missile on Friday _ the sixth this week….

Related:
North Korea – Nuclear testing – United States – Missile – US

Credit:
Officials: NKorea may plan long-range missile test

A person briefed on the negotiations between General Motors Corp., the German government and Canadian auto parts maker Magna International Inc. says they have agreed on the framework of a deal for Magna to take a majority stake in GM’s Opel unit. The person…

Related:
General Motor – Magna International – Opel – Politics of Germany – business

Read the original:
AP source: GM, Magna, German gov’t near Opel deal

Stocks are fluctuating as investors try to reconcile mixed signals about the economy. Investors were relieved Friday when the government trimmed its estimate for the overall economy’s decline in the first quarter. Another positive sign was a rise in May…

Related:
GeneralMotors – Bankruptcy – Company – Wall Street – United States bankruptcy court

Originally posted here:
Stock market fluctuates after mixed economic data

Defiantly low-tech yet accurate to the second, Big Ben is having its 150th birthday Sunday, its Victorian chimes carrying the sound of Britain into the 21st century. It’s a birthday the world can share in. The peals of London’s favorite clock are carried…

Related:
London – Big Ben – England – Great Britain – 21st century

Read the rest here:
Bong! Big Ben rings in its 150th anniversary

Southwest Airlines Co., which has bashed competitors for charging fees, says it will let passengers carry small dogs and cats onboard for a $75 fee each way. The airline also will start charging a fee for unaccompanied minors, and it’s raising its fee for…

Related:
Southwest Airline – Airline – Pet – United States – Fee

Continued here:
Southwest to let pets onboard for a fee