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News Corp. To Announce Company Split

The board of directors at Rupert Murdoch's News Corp. reportedly has approved a plan that calls for splitting the media conglomerate into two separate companies. The Wall Street Journal, which is owned by News Corp., says one company will be for the newspaper business, and the other for entertainment operations.
NPR

Why An Online Soap Opera Mogul Doesn't Want To Go Public

"People don't really see it as a badge of honor anymore," one entrepreneur says — and goes on to list three reasons why going public is more trouble than it's worth.
NPR

Unlike Chicken And Pork, Beef Still Begins With Small Family Ranches

The beef industry is shaped like a bottle: It starts at the bottom with 750,000 small ranches and ends with just four meatpacking plants processing about 82 percent of the beef we eat.
NPR

Defense Giant Says Budget Cuts Could Mean Pink Slips

With dramatic cutbacks in defense spending looming if Congress fails to reach a budget deal, defense systems manufacturer Lockheed Martin says it will be forced to send layoff warnings to more than 100,000 employees this fall.

NPR

Google Introduces Tablet And Streaming Device

The 7-inch tablet is expected to compete with Amazon's Kindle Fire.
NPR

Microsoft's Greece Headquarters Firebombed By Armed Assailants

The motive for the attack wasn't clear and no one was injured.
NPR

Why Flying Is No Fun (And May Be More Dangerous)

Airline veteran and writer William McGee says airlines' aggressive cost-cutting hasn't just added fees and hassles. He says they're taking steps that compromise safety — and regulators are letting it happen.

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