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TheStreet Open House

BC-Business News Digest

â¿¿ CHINA-GM FACTORY â¿¿ General Motors and its joint venture partners in China will spend $1 billion to build a third car plant to keep up with demand for vehicles in the world's biggest auto market.

â¿¿ MENINGITIS OUTBREAK-PUBLIC CITIZEN â¿¿ A government watchdog group is calling on the Food and Drug Administration to re-inspect more than a dozen specialty pharmacies with prior records of violations, in light of a recent deadly outbreak tied to compounded drugs.

â¿¿ SPAIN-IBERIA STRIKE â¿¿ Labor unions representing most workers in Spain's Iberia airline say they will stage six days of strikes right before Christmas to protest the company's plans to lay off 4,500 workers.

TECHNOLOGY & MEDIA:

MICROSOFT-WINDOWS 8

NEW YORK â¿¿ Sales of personal computers in the U.S. didn't get any boost from the launch of Windows 8, confounding the hopes of Microsoft and PC makers, research firm NPD Group said Thursday. By Technology Writer Peter Svensson.

AP photo.

TV-CNN-ZUCKER

NEW YORK â¿¿ CNN has named former NBC Universal chief Jeff Zucker as its new top executive. Zucker is replacing Jim Walton, who announced he was leaving this past summer.

AP Photo.

BRITAIN-PHONE HACKING

LONDON â¿¿ Britain's unruly newspapers should be regulated by an independent body dominated by non-journalists with the power to levy steep fines, a judge said in a report sparked by scandals involving the country's fiercely independent press. Whether that will happen remains unclear. Prime Minister David Cameron immediately expressed misgivings about the judge's recommendation the new regulator be enshrined in law â¿¿ and called on a press accused of being unable to control itself to implement the reforms quickly. By Jill Lawless.

AP Photos.

With:

â¿¿ BRITAIN-PHONE HACKING-GLANCE â¿¿ A look at some prominent press scandals investigated by Leveson's report.

â¿¿ LIVINGSOCIAL-LAYOFFS â¿¿ Online deals company LivingSocial is cutting 400 jobs worldwide, or about 9 percent of its work force, as the deals market continues to face challenges.

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