IBT Staff Reporter

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Court OKs TerreStar's $1.38 billion sale to Dish

A judge on Thursday approved TerreStar Networks Inc's proposed $1.375 billion sale to Dish Network Corp, pushing the satellite communications company a major step closer to emerging from a 9-month stint in bankruptcy.

PM wants News of the World wrongdoers to face action

All those responsible for wrongdoing at the News of the World newspaper should be brought to justice, a spokesman for British Prime Minister David Cameron said after Rupert Murdoch's News Corporation announced it would close the tabloid.

Morgenthau Defends Vance's Handling of DSK Case

Legendary former Manhattan Prosecutor Robert Morgenthau came to the defense of his handpicked successor Cy Vance Jr.’s handling of the Dominique Strauss Kahn case in a statement Thursday, saying he was confident Vance will make a principled decision whether or not to proceed with the case.

Cuban cellphones hit 1 million, Net access lags

The number of Cubans using cellphones has risen sharply two years after the government lifted restrictions on mobile telephones, but few people have a personal computer or access to the Internet, according to a report released on Thursday.

ADP, retailers lift shares before jobs report

Stocks rallied on Thursday, with the Nasdaq up for an eighth straight day, as strong labor market and retail sales data lifted optimism a day before the U.S. employment report for June.

New Greek aid package awaits private sector buy-in

International bankers and European Union officials made no progress on Thursday in securing a private sector contribution for a second bailout of Greece and bond yields climbed on concern about the scheme.

Murdoch hacking crisis deepens with war dead outcry

The scandal rocking Rupert Murdoch's media empire deepened on Thursday with claims that his top-selling British Sunday tabloid hacked in to the phones of relatives of soldiers killed in Iraq and Afghanistan.

Wall Street rallies on jobs data, retailers

Wall Street jumped on Thursday after signs of life in the labor market and strong sales at some U.S. retailers lifted optimism in the economy ahead of Friday's key June jobs report.

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