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Schumer urges look at security in Sprint deal

Schumer urges look at security in Sprint deal
By PETER SVENSSONAP Technology Writer NEW YORK (AP) - Sen. Charles Schumer is urging regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank. The Japanese company uses Chinese networking equipment, which Schumer says

FDA warns of infections tied to Tennessee pharmacy

FDA warns of infections tied to Tennessee pharmacy
By MATTHEW PERRONEAP Health Writer WASHINGTON (AP) - 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

Delta ups the ante in battle for NY travel market

Delta ups the ante in battle for NY travel market
By SCOTT MAYEROWITZAP Airlines Writer NEW YORK (AP) - 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

Netflix looks to hook subscribers with 'Arrested'

Netflix looks to hook subscribers with 'Arrested'
By MICHAEL LIEDTKEAP Technology Writer SAN FRANCISCO (AP) - 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

Oil falls below $94 on weak outlook for demand

Oil falls below $94 on weak outlook for demand
By The Associated Press NEW YORK (AP) - 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

Barrick fined $16m for Pascua-Lama violations

Barrick fined $16m for Pascua-Lama violations
By LUIS ANDRES HENAOAssociated Press VALLENAR, Chile (AP) - 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

News Corp. board approves split, stock buyback

News Corp. board approves split, stock buyback
NEW YORK (AP) - News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. News Corp. also said Friday that the target date for the split is June 28. The company holding its TV and movie properties will be 21st Century

Stocks head lower, market on track for weekly loss

Stocks head lower, market on track for weekly loss
By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - 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

China gives US regulators access to audit records

China gives US regulators access to audit records
WASHINGTON (AP) - China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute. The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the

China, Switzerland to seal free trade deal

China, Switzerland to seal free trade deal
GENEVA (AP) - Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation - the first comprehensive agreement his country has reached with a major western economy. Li met with Swiss officials in Zurich on Friday to conclude three years of negotiations. In an op-ed

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Obama To Visit Tornado-Ravaged OK Town

Obama To Visit Tornado-Ravaged OK Town
WASHINGTON (AP) - President Barack Obama will travel to tornado-ravaged Moore, Okla., on Sunday.    That's according to a White House official, who wasn't authorized to publicly discuss the trip ahead of the official announcement and requested anonymity.    A

Flooding forces evacuation of 1,300 in ND town

Flooding forces evacuation of 1,300 in ND town
By BLAKE NICHOLSON and DAVE KOLPACKAssociated Press BISMARCK, N.D. (AP) - A dam that threatened to give way and flood a North Dakota town was holding back the water on Wednesday, though the 1,300 residents of Cavalier were still being told to stay away from their homes. Steady rainfall between

I-5 bridge collapses into Wash. river, injuring 3

I-5 bridge collapses into Wash. river, injuring 3
By MANUEL VALDES and MIKE BAKERAssociated Press MOUNT VERNON, Wash. (AP) - An Interstate 5 bridge over a river collapsed north of Seattle Thursday evening, dumping two vehicles into the water and sparking a rescue effort by boats and divers as three injured people were pulled from the chilly