Financial news on April 5th, 2008

Business and Financial news
Indecency Appeal Rejected

The News Corporation’s appeal of $91,000 in indecency fines for a 2003 broadcast featuring strippers at bachelor and bachelorette parties has been rejected by the Federal Communications Commission on technical grounds. Read more..

By BLOOMBERG NEWS - The New York Times

Latest Hitch for Delphi, New Worry for G.M.

A private equity group backed out of a deal to invest $2.55 billion in the auto-parts maker, dealing a blow to General Motors, which relies heavily on Delphi parts. Read more..

By BILL VLASIC - The New York Times

Ping-Pong as Mind Game (Although a Good Topspin Helps)

Best known as the crossword puzzle master for The New York Times, Will Shortz is also a nationally ranked table tennis fanatic. Read more..

By HARRY HURT III - The New York Times

UBS Rejects Call to Split Off Ailing Investment Unit

The bank’s departing chairman said that dividing the bank’s investment arm from its booming wealth management business would be a mistake. Read more..

By JULIA WERDIGIER - The New York Times

Vacant Shopping Centers

Vacancies at community and neighborhood shopping centers in the United States rose in the first quarter to the highest level in more than a decade. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on April 5th, 2008