A home for the Academy Awards ceremony has been secured. The Kodak Theatre will now be called the Dolby Theatre. The audio technology company has signed a naming-rights deal with the real estate group that owns the property where the Oscar ceremony is held. Kodak, which filed for bankruptcy protection in January, gave up its naming rights.
Pharmaceutical company Pfizer has agreed to settle a lawsuit brought by Brigham Young University over the creation of the prescription pain reliever Celebrex. A jury trial had been scheduled to start later this month.
Chicago has dug in its heels on a new city ordinance that puts banks on the line for securing and maintaining vacant homes. But the federal government, on behalf of mortgage backers Fannie Mae and Freddie Mac, is fighting the law in a test case that could affect other cities, too.
For the first time, American viewers of the Summer Olympics won't be limited by two words many sports fans loathe: "tape" and "delay." After years of saving the most popular events for prime time, NBC will also stream live video of the London Games, online and via mobile.
Falling prices and low interest rates are making it even cheaper to buy a house these days. And rising rents in many areas make it more tempting to take the plunge. According to the Census Bureau, the national homeownership rate is at a 15-year low.
Parliament issued a damning report about Rupert Murdoch on Tuesday, accusing him of misleading lawmakers about the phone hacking scandal. It also asserted that he is not fit to run his vast corporation.
Delta Airlines has decided to do something about high gas prices. The company is buying a refinery. The airline plans to hold down its jet fuel bills and claims the refinery will pay for itself in one year.
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