Yahoo is apparently determined to show that it can do more than pay $1.1 billion for a bunch of teenage girls’ blogs. Unnamed sources tell Bloomberg that Yahoo has submitted an offer to buy video streaming website Hulu, a sign that the company is still considering ways to counter the enormous video streaming clout that Google now holds with YouTube. Yahoo was interested in buying a majority stake in French video streaming website Dailymotion earlier this year but that deal fell apart after the French government reportedly threatened to block it. In making an official bid for Hulu, Yahoo will be competing with Time Warner Cable, which is considering buying a 33% equity stake in the company. It’s unknown at
Read more here: Yahoo reportedly places bid to buy Hulu stake
Officials in Washington state performed a special inspection six months ago on the Interstate 5 bridge that collapsed because there were indications it had been struck by a different vehicle.
Read more here: Report: Fallen bridge had earlier gouges, impact damage
By Ronnie Cohen (Reuters) – Federal authorities approved a Nevada hospital’s proposal on Friday for correcting deficiencies that led to newly discharged psychiatric patients being bused out of state without adequate plans for continued care. The U.S. Centers for Medicare and Medicaid Services also said it would conduct unannounced inspections of Rawson-Neal Psychiatric Hospital in Las Vegas to ensure that procedures are in place and working to prevent further instances of so-called patient dumping. …
Read more here: Federal agency accepts Nevada hospital's plan to curb patient-dumping
By Jennifer Saba (Reuters) – News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows in the future. The charge will be taken in the quarter ending June 30 and could effectively wipe out News Corp's profit. …
Read more here: News Corp to take charge of up to $1.4 billion this quarter
PARADISE ISLAND, Bahamas (AP) — Heather Bowie Young made five straight birdies while jumping from one side of the golf course to the other. Silvia Cavalleri was hitting the ball so well Friday she was sorry the Bahamas Classic was held on only 12 holes.
Read more here: Bowie Young, Cavalleri tied in the Bahamas
(Reuters) – American Matt Kuchar held a one-shot lead at 10 under par after 15 holes when the weather-hit second round was suspended for the day at the Crowne Plaza Invitational in Fort Worth, Texas on Friday. Kuchar, who clinched his fifth PGA Tour title at the WGC-Accenture Match Play Championship in February, will line up a 40-foot birdie putt at the par-three 16th when play resumes at 7:15 a.m. EDT on Saturday. …
Read more here: Kuchar one ahead at weather-hit Colonial
By Ilze Filks and Mia Shanley STOCKHOLM (Reuters) – A nearly week-long spate of rioting spread outside Stockholm on Friday but authorities said police reinforcements sent to the Swedish capital had reduced the violence there, even though dozens of youths set cars and a recycling station ablaze. The rioting – set off earlier this month by the police shooting of a 69-year-old man – continued for a sixth night in mainly poor immigrant areas in Stockholm. …
Read more here: Violence spreads outside Swedish capital but violence abates
WASHINGTON (AP) — Haynes Johnson, a pioneering Washington journalist who won a Pulitzer Prize for his coverage of the civil rights movements and migrated from newspapers to television, books and teaching, died Friday. He was 81.
Read more here: Journalist and author Haynes Johnson dies at 81
FORT WORTH, Texas (AP) — Matt Kuchar was 10-under par on the 16th green when the second round of the Colonial was suspended Friday night because of an impending storm system.
Read more here: Kuchar leads Colonial when 2nd round suspended
The good news with patent suits is that even when they’re successful they very rarely result in outright sales bans of popular products. And now Ars Technica reports that yet another attempt to enforce a sales ban has fallen flat on its face, this time Motorola’s attempt to stop sales of Microsoft’s Xbox. According to Ars, Motorola filed suit against Microsoft back in 2010 because its Xbox allegedly infringed upon Motorola patents that detailed technologies for “video transmission and compression as well as Wi-Fi.” Motorola’s quest against the Xbox ended this week, however, when a six-person panel at the International Trade Commission decided to toss out the company’s complaint. A Microsoft spokesperson described the ITC’s decision as “a win for
Read more here: Another patent suit bites the dust: Motorola can’t ban Xbox