News Corp to split into separate publishing and entertainment firms
Rupert Murdoch's News Corp will divide into two publicly traded companies, one handling newspapers and books including The Wall Street Journal, the other an entertainment group with 20th Century Fox, Fox TV, and Fox News. The plan awaits shareholder and regulatory approvals, with an expected 2013 shareholder meeting.
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US unemployment aid applications dip to 386000
Unemployment benefit applications fell to 386000 last week, down from 392000, with the four week average steady at 386750. Analysts say claims remain too high, signaling slower hiring as the jobless rate edged up to 8.2 percent in May and continuing claims rose to 5.9 million.
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Washington
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Calif
Small firms weigh options after health care ruling
After the Supreme Court upheld the health care law, many small businesses with over 50 workers face costly decisions. They must provide affordable coverage or pay penalties, but several owners consider paying the penalty if cheaper while still seeking clarity on plan costs and exceptions.
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New York
Obama
Supreme Court
New Mexico Board OKs 688000 for wildfire recovery
The Board of Finance led by Gov. Susana Martinez approved emergency loans totaling about 688000 to aid wildfire recovery and flood prep in southern New Mexico. Funds include 216000 to reinforce Alto Lake dam, 218000 for Ruidoso radio system, and 254000 for Lincoln County flood planning after the Little Bear fire burned 44000 acres and destroyed around 250 structures.
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Susana Martinez
New Mexico
Alto Lake
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Little Bear
Ruidoso
Peter Madoff Takes Guilty Plea Spotlight
Peter Madoff, brother of Bernard Madoff, is set to plead guilty in New York to criminal charges and receive a 10 year prison term. He acted closely with his brother at the firm once deemed the world's largest fund. The trustee alleges he financed a lavish lifestyle through the fraud.
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New York
Peter Madoff
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Peter
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