COMPANIES

Hollywood labor group OKs possible music label strike

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The national board of the American Federation of Television and Radio Artists (AFTRA) has given negotiators for the labor group's sound recording contract authorization to strike, the organization announced Saturday.
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New Hulu bids due, but sale probability wanes

Second-round bids for the streaming start-up Hulu are due this week, but a sale looks less and less likely as the owners debate demands for conditions around the bids, according to individuals knowledgeable about the auction.
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Michael Ovitz, former Disney President arrives at the Sun Valley Resort in Sun Valley, Idaho

IMG board votes to oust Ovitz after failed bid

The advisory board of IMG held a conference call on Friday to discuss what to do about Michael Ovitz's play to take over company management, according to an individual with knowledge of the call.
iPhone 5

The Most Anticipated iPhone 5 Features for 2011

Apple will finally unveil the iPhone 5 next week, or so it is expected, during an Oct. 4 meeting at its Cupertino, Calif. campus, and everyone is wondering what features the new smartphone will come with.
A car drives along the territory of a solar energy power station near the Okhotnikovo village in the Crimea's Saksky district

U.S. Doles Out Last of Loan Aid to Solar Projects

The Obama administration on Friday approved more than $4.7 billion in loan guarantees for major solar projects as the government closed out an incentive program embroiled in controversy over the bankruptcy of one of its biggest projects.
Harris attends a news conference to announce the creation of the Mortgage Fraud Strike Force in Los Angeles

California Exits Mortgage Settlement Talks

The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
A sign at the entrance to the headquarters of bankrupt Solyndra LLC is shown in Fremont

DOJ Seeks Trustee in Solyndra Bankruptcy

The U.S. Department of Justice is seeking to give control of Solyndra's estate to a bankruptcy trustee, citing the refusal by executives at the solar power company to answer questions about its operations.
Meg Whitman gives her concession speech during her election night rally in Los Angeles

HP's Whitman to Take Home $1 in Salary, Plus Incentives

Meg Whitman, as the new CEO and president of the Hewlett-Packard Co., will be getting $1 in base salary, a target annual bonus of $2.4 million for HP's 2012 fiscal year, and an option to buy 1.9 million shares of the company's stock at $23.59 apiece under certain conditions
A woman walks past the entrance to offices of the McGraw-Hill Companies, in New York

McGraw-Hill Hunting for Head of Education Business: Report

McGraw-Hill Companies Inc has enlisted executive recruiters Heidrick & Struggles International Inc to help in their search for a chief executive for its recently spun off education business, the Wall Street Journal said on Friday in its online edition.
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U.S. Listeria Toll Rises to 15, Dozens Ill

Two more people in the United States have died from eating listeria-tainted cantaloupes, bringing the death toll to 15 in the country's deadliest foodborne outbreak in more than a decade, health officials said on Friday.
Chevron

Chevron to Unveil Solar Oilfield Project Monday

Chevron Corp will unveil on Monday a solar oilfield project that has been hit by cost overruns and delays but serves as a showcase for the technology of Chevron-backed solar thermal company BrightSource Energy.
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California Quits U.S. Mortgage Settlement Talks

The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
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Analysts Assess Impact of Defense Cuts on US Jobs

Defense Secretary Leon Panetta has warned that a potential $1 trillion cut to the Pentagon budget could raise U.S. unemployment by 1 percentage point but analysts differ on how many jobs could be lost and what that actually means for the economy.
Reebok EasyTone store

Reebok to Pay $25 mln for Toning Shoe Claims

Reebok International Ltd has agreed to pay $25 million to settle charges that it made unsupported claims that its toning shoes help wearers get fit faster, the U.S. Federal Trade Commission said on Wednesday.
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Kraft Boss Bumps Pepsi Chief as Top US Woman Exec

Kraft Foods (KFT.N) boss Irene Rosenfeld is the most powerful woman in U.S. business, Fortune magazine said on Thursday, bumping PepsiCo Inc (PEP.N) chief Indra Nooyi into second spot after five years on top.
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AstraZeneca Settles One Seroquel XR Lawsuit

AstraZeneca PLC (AZN.L) said on Thursday it has reached a settlement with privately held Handa Pharmaceuticals LLC that will keep the company from selling a generic form of its Seroquel XR anti-psychotic medicine in the United States until late 2016.
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Geron Names John Scarlett as CEO

Geron Corp (GERN.O), which is conducting the first U.S.-approved human embryonic stem cell trial, has named John Scarlett as its chief executive officer, replacing interim CEO David Greenwood, who will leave the biotech company at the end of the year.

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