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What's In The News: June 3, 2011

Financial News Network
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June 03, 2011 AT 8:35 PM
This is what's in the news for Friday, June 3rd. The Associated Press reports that hackers who call themselves LulzSec say Sony (NYSE:SNE) has been hit by another massive data breach. The Financial Times reports that News Corp. (NASDAQ:NWSA) and regulators formed an agreement in principle on a deal that will remove the final obstacles to a bid for British Sky Broadcasting (PINK:BSYBY). Bloomberg reports that Goldman Sachs (NYSE:GS) is closing in on the sale of Litton Loan Servicing to Ocwen Financial (NYSE:OCN) two months after writing down the value of the mortgage servicing business by about $200M. Reuters reports that Mazda Motor (TYO:7261) will cease production in the U.S. by about 2013 and cancel its joint venture with Ford (NYSE:F) as the automaker is reviewing its global production system. Finally, The Wall Street Journal report that Electronic Arts (NASDAQ:ERTS) is starting an online service to sell downloadable games directly to consumers as it moves to offer more of its products over the Internet, and not through discs at stores.