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The New York Times Co sold its remaining stake in the group that owns the Boston Red Sox baseball team for $63 million in cash, the company said on Friday.
The company said it will recognize a pre-tax gain of approximately $38 million in the second quarter.
Along with the Red Sox, the sale of the Fenway Sports Group includes the Liverpool Football Club, approximately 80 percent of the cable sports channel, the New England Sports Network, and a 50 percent stake in the NASCAR team Roush Fenway Racing.
The...

The Justice Department could sue Apple Inc as early as Wednesday over alleged electronic book price-fixing, while settling with several publishers as early as this week, two people familiar with the matter said.
The Justice Department is investigating alleged price-fixing by Apple and five major publishers: CBS Corp's Simon & Schuster Inc; HarperCollins Publishers Inc; Lagardere SCA's Hachette Book Group; Pearson and Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH.
A lawsuit...

Nine workers trapped inside a wildcat mine in southern Peru were rescued and brought to the surface early on Wednesday after spending almost a week underground, officials said.
The men had been stuck about 656 feet (200 meters) below ground since the informal copper-and-gold mine partially collapsed on Thursday. They had been receiving oxygen and liquids through a giant hose in place since before the accident. (Reporting by Mariana Bazo and Alfredo Loayza; Writing by Caroline Stauffer; Editing...

A U.S. appeals court on Friday showed few signs that it was prepared to support a request by Apple Inc to block immediately the sale of some Samsung Electronics smartphones and tablets.
In a high-stakes patent dispute, the court heard arguments about whether a federal trial judge acted correctly in December when she ruled that Apple failed to provide enough evidence to support an injunction of Samsung's Galaxy pro duct line.
The court's judges reacted with skepticism to a premise put forward by...

At least 26 explosions struck cities and towns across Iraq on Tuesday, killing at least 49 people and wounding more than 200, despite a massive security clampdown ahead of next week's Arab League summit in Baghdad.
It was Iraq's bloodiest day in nearly a month, and the breadth of coordinated bombs in more than a dozen cities showed an apparent determination by insurgents to prove that the government cannot keep the country safe ahead of the summit.
Iraq is due to host the meeting for the first...

An app called Zombies, Run!, is a narrated game where real-world runners must out run zombies and collect supplies to keep themselves and their fellow humans alive -- and the only way to do that, is to hit the pavement.
"When you're out running, you'll occasionally get chased by zombies and you'll need to speed up in response over the next minute," said the app's co-creator Adrian Hon.
"That's very much like interval training, which is one of the best ways to get fit and to improve cardio. But...

Dell Inc launched a new line of servers for enterprise customers, boosting its corporate business unit and shifting its focus further away from consumers, who are increasingly choosing such devices as Apple Inc's iPad.
Chief Executive Michael Dell said his namesake company is no longer a personal computer company and has transformed itself into a business that sells services and products to corporations, a lucrative market that he said is worth $3 trillion.
Corporations have grappled with ever-smaller...