BofA to pay $16-$17B in U.S. deal
WEST PALM BEACH -- Frontier Airlines will return to Palm Beach International Airport in October, six years after abandoning its daily non-stop flight from PBIA to Denver.
The airline said Wednesday it plans to offer direct service not only to Denver International Airport, but also Washington Dulles International Airport and New Jersey's Trenton-Mercer Airport.
Frontier would be the only carrier at PBIA offering non-stop flights to Denver -- a popular destination for local skiers. Although other commercial airlines provide direct service to airports in New Jersey and the Washington, D.C. region, Frontier will be the only carrier with non-stop flights to Dulles and Trenton, officials said.
Fox: No more pursuits of content companies
NEW YORK -- Twenty-First Century Fox Inc. executives say the company won't try to buy any other big content companies, a day after it called off its pursuit of rival media giant Time Warner Inc.
Fox Chief Operating Officer Chase Carey said on a conference call with analysts that "We have no plans to pursue any other third-party content company as an alternative to Time Warner."
CEO Rupert Murdoch said: "If there was something very unique but small, I don't know, I wouldn't say never. But we have no plans to go out on the acquisition trail."
Fox on Wednesday reported fourth-quarter earnings that beat Wall Street expectations.
The company ended its $76 billion bid for Time Warner Inc. after it was rejected. Instead, it committed to spend $6 billion on stock buybacks.
Target signs legal brief backing gay marriage
Target Corp. has, for the first time, come out publicly in support of gay marriage, as a growing number of high-profile businesses take positions on the divisive issue.
In revealing Tuesday that it had signed a court brief backing marriage equality in a pending court case, Target joins other blue-chip names such as Starbucks, Apple and Intel that have sided publicly with same-sex marriage advocates in court cases or ballot issues.
The public statement was an unusual move in Minnesota's corporate community. Virtually all of Minnesota's biggest companies declined to take a position on a 2012 referendum to ban gay marriage in Minnesota, except General Mills, which opposed the ban. The referendum failed narrowly, and the state Legislature passed a bill recognizing gay marriage in 2013.
Gay rights activists in Minnesota and across the country welcomed Target's willingness to add its name to a legal defense of gay marriage.
-- Herald wire reports