Business

UPDATED 19:58 PM EDT, May 24, 2013

Report: Yahoo, pay-TV operators among Hulu bidders

LOS ANGELES (AP) — Online video site Hulu is again up for sale, with Yahoo and pay TV operators DirecTV and Time Warner Cable among the seven bidders, according to a person with direct knowledge of the matter.

The person wasn't authorized to speak publicly and spoke Friday on condition of anonymity, after several news outlets reported on the bidding.

UPDATED 17:58 PM EDT, May 24, 2013

Furlough Friday: Unpaid day off for many in gov't

WASHINGTON (AP) — No one answered the tax-help hotline at the IRS on Friday. And you could forget about getting advice on avoiding foreclosures at the 80 Housing and Urban Development field offices nationwide.

It was "furlough Friday." Roughly 5 percent of the federal workforce — 115,000 people at six major agencies — were told not to show up as the government dealt with the continuing effects of the sequester spending cuts.

The good news for many federal workers: a four-day Memorial Day weekend. The bad news: no pay for the day.

UPDATED 19:58 PM EDT, May 24, 2013

FDA warns of infections tied to Tennessee pharmacy

WASHINGTON (AP) — Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy.

The Food and Drug Administration said Friday the problems involve seven patients who received steroid injections from Main Street Family Pharmacy, a compounding pharmacy in Newbern, Tenn.

UPDATED 17:58 PM EDT, May 24, 2013

IMF chief named key witness in French payoff case

PARIS (AP) — After two days of intense questioning from French magistrates, International Monetary Fund chief Christine Lagarde said Friday a court named her as a key witness in an investigation into a controversial payoff to an outspoken businessman that was arranged while she was France's finance minister — stopping short of charging her outright.

UPDATED 17:58 PM EDT, May 24, 2013

Schumer urges look at security in Sprint deal

NEW YORK (AP) — Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open up U.S. networks to snooping and hacking.

The New York Democrat sent letters Friday to the Treasury Department and Federal Communications Commission, both of which are reviewing Softbank Corp.'s offer to buy 70 percent of Sprint Nextel Corp. for $20.1 billion.

UPDATED 17:58 PM EDT, May 24, 2013

Schumer urges look at security in Sprint deal

NEW YORK (AP) — Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open up U.S. networks to snooping and hacking.

The New York Democrat sent letters Friday to the Treasury Department and Federal Communications Commission, both of which are reviewing Softbank Corp.'s offer to buy 70 percent of Sprint Nextel Corp. for $20.1 billion.

UPDATED 14:58 PM EDT, May 24, 2013

FDA warns of infections tied to Tennessee pharmacy

WASHINGTON (AP) — Government health officials are investigating several health problems reported with potentially contaminated medications made by a Tennessee specialty pharmacy.

The Food and Drug Administration says it has received seven reports involving patients who received steroid injections from Main Street Family Pharmacy, a compounding pharmacy in Newbern, Tenn.

UPDATED 16:58 PM EDT, May 24, 2013

Delta ups the ante in battle for NY travel market

NEW YORK (AP) — Delta's formula for winning over New York travelers is simple: floor-to-ceiling windows, abundant power outlets and a burger joint with a cult-like following.

The airline opened a sprawling $1.4 billion terminal at Kennedy Airport Friday, a facility more suitable to the high-paying passengers it is trying to attract.

The 346,000-square-foot concourse offers upscale food and shopping options, increased seating and sweeping views of the airport.

UPDATED 16:58 PM EDT, May 24, 2013

Netflix looks to hook subscribers with 'Arrested'

SAN FRANCISCO (AP) — Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service.

The award-winning show about the dysfunctional Bluth family returns Sunday, seven years after Fox cancelled the series. The revival coincides with Netflix's own resounding comeback from a customer backlash over price increases and shareholders' worries about rising expenses. The adversity had raised doubts about the company's management and future.

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