Rocket lifts off with U.S. military communications satellite

By Irene Klotz CAPE CANAVERAL, Florida (Reuters) – An unmanned Delta 4 rocket blasted off from Cape Canaveral Air Force Station on Friday to put a multi-use, broadband communications satellite into orbit for the U.S. military. The 217-foot (66-meter) tall rocket lifted off at 8:27 p.m. EDT (0027 Saturday GMT), soaring southeast over the Atlantic Ocean as it headed into orbit. Perched on top of the rocket was the fifth member of the Wideband Global SATCOM, or WGS, satellite network, which provides the U.S. military, national leaders and allies with high-capacity broadband communications. …

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Lobbying in American-US Airways deal focuses on small cities

A U.S. Airways jet departs Washington's Reagan National Airport next to American Airlines jet outside WashingtonBy Karen Jacobs (Reuters) – US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told Reuters. The airlines may be required to shed slots Washington's Reagan National Airport to prevent market domination. There is concern that those slots could go to rivals, such as JetBlue Airways , which would likely use them for flights to major cities. …

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Yahoo reportedly places bid to buy Hulu stake

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

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Federal agency accepts Nevada hospital's plan to curb patient-dumping

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. …

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News Corp to take charge of up to $1.4 billion this quarter

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. …

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Kuchar one ahead at weather-hit Colonial

Kuchar of the U.S. tees off on the 11th hole during the second round of The Players Championship PGA golf tournament at TPC Sawgrass in Ponte Vedra Beach(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. …

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