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Business Day

Monday, May 28, 2012 Last Update: 11:50 PM ET

Agreements in which local TV stations share news operations are seen by the stations as a survival strategy, and by critics as a barrier to competition.

Texas stations KLST and KSAN, though separately owned, operate from the same building and share office space, news video and scripts.
Brian Stelter/The New York Times

Texas stations KLST and KSAN, though separately owned, operate from the same building and share office space, news video and scripts.

U.S. Winds Down Longer Benefits for the Unemployed

In February, Congress phased in a reduction of the number of weeks of extended aid and made it more difficult for states to qualify for the maximum aid, adding a financial burden to the long-term unemployed.

DealBook

Dewey & LeBoeuf Files for Bankruptcy

The bankruptcy filing marks the final chapter in a turbulent period for the New York-based law firm, which unraveled after disappointing profits and prodigious debt forced it to slash partners' salaries.

$8.5 Billion Deal for Calling Service Presents a Puzzle

Skype must be able to give Windows and other Microsoft products an edge for Microsoft to justify the $8.5 billion it paid, analysts said.

After Facebook, More Fear of Stock Market

The financial industry had hoped that Facebook would rekindle ordinary investors’ excitement in stocks.

Spain’s Borrowing Costs Rise as Bank Woes Deepen

Spain’s borrowing costs neared record highs amid concerns over the plan to bail out Bankia.

7-Eleven Finds a Niche by Adapting to Indonesian Ways

The franchise’s strategy has been to create “hang-outs” by incorporating Wi-Fi, seating and low-cost, ready-made food.

DealBook

In Cambodia, a Start-Up Combines Web Sales Skills and Hair Extensions

An e-commerce site that sells hair extensions has overcome challenges like spotty electrical service to gain some market share.

Antiwar Protester Disrupts Inquiry as Blair Testifies

A man broke into Britain’s inquiry into press ethics and accused Tony Blair, the former prime minister, of being in the pay of JPMorgan Chase.

Insight & Analysis

DealBook

Madoff Case Is Paying Off for Trustee ($850 an Hour)

A look at recent court filings shows that Irving H. Picard has had much more success collecting money for himself and a dozen law firms and consultants than any victim of the Madoff Ponzi scheme.

Advertising

Asking About Big Joe Turner, Suzy Q and Black Dahlia

Is there a correlation between growing sales of Greek yogurt in the United States and the worsening Greek economic crisis?

Itineraries

Employees Are Getting the Word About Safer Driving

Companies have increasingly begun to adopt cellphone restrictions in recent years, according to the National Safety Council, a nonprofit advocacy group.

On The Road

Traveling This Summer? Leave the Weaponry Behind

As summer approaches, the Transportation Security Administration offers tips for travelers, detailing a list of weapons and other prohibited items in luggage.

Frequent Flier

Hazards of the Airport Include Rows of Snacks

Elizabeth Cutler is the co-founder and co-chief executive of SoulCycle, a chain of indoor cycling studios. She blames her partner’s flying rituals for her own fitness challenges.

Degrees of Debt

Slowly, as Student Debt Rises, Colleges Confront Costs

With the balance of student debt topping $1 trillion, college presidents are recognizing that they must handle the costs of education through methods other than tuition increases.

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