Merrill nears deal to sell Bloomberg stake: report (Reuters)

Reuters - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday.

Auction house seeks to sell Rosa Parks collection (AP)

AP - Arlan Ettinger will never forget the response he got when he took one of civil rights pioneer Rosa Parks' hats to a meeting at the Apollo Theater in New York.

L.A. Times to cut 250 jobs, 150 in editorial (Reuters)

Reuters - The Los Angeles Times will slash 250 jobs, including 150 in the newsroom, and trim its published pages by 15 percent in an effort to save money in the face of declining revenues, the newspaper said on Wednesday.

New British ad campaign targets downloaders (Reuters)

Reuters - A grubby man in the pub named Nigel who buys counterfeit DVDs is being replaced by a sheepish young office worker named Nigel who downloads movies and music illegally at his desk in a new British ad campaign against piracy.

Radio host Limbaugh talkin big payday (Reuters)

Reuters - Rush Limbaugh and Clear Channel's Premiere Radio Networks have agreed to a contract extension that will pay the conservative talk-radio pundit more than $400 million through 2016.