UPDATE: News Corp Confirms Plan to Split Company
News Corp. (NWS, NWSA) said it will separate its publishing business from its film and television divisions in a move that splits some of the world’s biggest media brands into two distinct public companies. One company will house entertainment

Report: News Corp. board approves company split
NEW YORK The board of directors at Rupert Murdoch’s News Corp. has approved a plan that calls for splitting the global media conglomerate into two separate companies, one holding its newspaper business and another its entertainment

Walgreen to acquire USA Drug, giving company 30 more stores in Tulsa area [Tulsa World, Okla.]
July 06–Walgreen Co. is set for a major expansion in the Tulsa area after agreeing to acquire USA Drug, the parent company of May’s Drug, Med-X Drug and Drug Warehouse. Walgreen announced the $438 million deal Thursday, giving the company at

Electric company CEO quits, gets $10.3 million payout
Johnson last week signed a three-year employment contract and was supposed to become CEO of the combined company Tuesday, but he suddenly resigned. Duke said in the securities filing first reported by The Charlotte Observer that Johnson gets a

Don’t believe the hardware hype: Google’s still an ad company
But Google is not a hardware company and is not becoming one. It is still an information company. Its main product is still its search engine. And it still makes 96% of its revenues from advertising. Hardware, for Google, is an avenue for that business