The Wall Street Journal's managing editor is resigning, Dow Jones said, setting the stage for News Corp chief Rupert Murdoch to further consolidate his power in the business paper's newsroom.

Tribune plans to sell the Newsday daily newspaper on Long Island to News Corp for about $580 million, The Wall Street Journal reported online on Monday, citing sources familiar with the situation.

The managing editor of the Wall Street Journal is planning to resign his post, the Journal reported on its website on Monday.

Microsoft Corp wants to stick with its original takeover offer for Yahoo Inc , but is not ruling out News Corp joining its bid or other options, a source close to the company said on Friday.

Yahoo may have played its top two cards by pulling out possible deals with AOL and Google, but it does not seem to have changed Wall Street's view that Microsoft will eventually win the takeover battle.

Rupert Murdoch's recently acquired Dow Jones publishing business will start printing the Wall Street Journal in London this month, raising the competitive threat to rivals like Pearson's Financial Times.

The computer-animated adaptation "Dr. Seuss' Horton Hears A Who!" trampled its rivals at the North American box office Sunday with weekend sales of $45.1 million, the biggest opening of the year.

Will Ferrell stumbled at the North American box office Sunday with his latest sports comedy, "Semi-Pro." The basketball spoof narrowly took the No. 1 spot with disappointing ticket sales of $15.3 million, its struggling distributor New Line Cinema said

U.S. video game giant Electronic Arts Sunday said it had made an unsolicited $1.9 billion offer for "Grand Theft Auto" publisher Take-Two Interactive Software, escalating its battle with Activision for the title of biggest video game maker.

The new assassination thriller "Vantage Point" shot to the No. 1 spot at the weekend box office in North America while Oscar nominees "Juno" and "There Will Be Blood" enjoyed solid sales ahead of Sunday's Academy Awards ceremony.

In their second on-screen pairing, Matthew McConaughey and Kate Hudson returned to the top of the North American box office Sunday with the adventure comedy "Fool's Gold."

It may have been Super Tuesday at the voting booth, but there was nothing super about Tuesday for stocks.

Stocks tumbled Tuesday after an unexpectedly sharp contraction in the U.S. services sector and comments from one Federal Reserve official that a "mild recession" is possible.

Stocks tumbled Tuesday after an unexpectedly sharp contraction in the U.S. services sector and a fresh downgrade in the financial sector.