Patents claims by Apple don't hold up, federal panel rules. Despite ruling that Kodak did not violate Apple's digital camera patents, Kodak stock falls.
The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - Defying a veto threat, the Republican-controlled House voted Tuesday night to slice federal spending by $6 trillion and require a constitutional balanced budget amendment to be sent to the states in exchange for averting a threatened Aug. 2 government default.
AP - House Republican freshmen are caught between rock-solid fiscal conservatism and a political hard place. The class of 2010 that lifted the GOP to its comfortable House majority pushed the leadership to a vote Tuesday on legislation that would slash spending by trillions of dollars and require a balanced budget constitutional amendment in exchange for an increase in the nation's borrowing limit.
AP - Summoned by lawmakers to answer for a phone hacking and bribery scandal at one of his tabloids, Rupert Murdoch said he was humbled and ashamed Tuesday but accepted no responsibility for wrongdoing as a widening investigation threatened to ensnare Britain's prime minister.
Rupert Murdoch denied ultimate responsibility for illegal phone hacking carried out by employees of his News Corp. empire, as he, his son James, and former top executive Rebekah Brooks faced tough questioning over the widening scandal Tuesday by British lawmakers.
Rupert Murdoch is facing a two-front war. On the eastern front, he has denied knowledge before a House of Commons committee of phone hacking or payments by News Corp. to Scotland Yard while bemoaning the employees who failed him. He will probably escape criminal prosecution in the United Kingdom, unless some senior employee yet turns on him.