In the News: News Corp. Hearings, Walmart, AMD & more

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In the News

News Corp. titans, Rupert and James Murdoch, face three-hour Parliamentary questioning today in spreading phone-hacking scandal.

Walmart reportedly eyes Rite Aid.

AMD stalls in CEO search, which might overshadow earnings improvements.

American Airlines leans toward Airbus over Boeing in fleet decision, Journal says, while Bloomberg hears that the airline may split the order.

American Family Insurance promotes “the American dream.”

Baidu reaches deal with major record labels.[more]

Bank of America swings to loss on mortgage-related troubles.

Coca-Cola extends partnership with BET into the store.

Delta cuts service at 24 small-city airports.

Eastman Kodak financial picture fading fast.

Google sees sweep by American girls of prizes in its first science fair.

Jeep campaign touts decorated quality and reliability of Grand Cherokee.

Johnson & Johnson creates internal compliance panel but opts against suing former company executives and directors over recent woes.

Lions Gate shoots pilot with Charlie Sheen for a new TV show, Anger Management.

NFL negotiators appear to be getting close to the end of labor dispute.

Subway tops brand buzz index.

Warren Buffett pushes back against anti-corporate jet rhetoric.

WebMD lowers outlook.

Wynn Resorts CEO goes on anti-Obama rant during conference call to report that company’s second-quarter profits more than doubled.

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