Business news in brief

Posted: November 22, 2012 at 12:44 a.m.

QUOTE OF THE DAY “There’s little doubt as to where the government’s sights are. I don’t think it takes Sherlock Holmes to figure it out.” John Sylvia, co-chairman of the securities litigation practice at the Mintz Levin law firm in Boston, on investigations of insider trading at affiliates of SAC Capital Advisors Article, 1D

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Business, Pages 36 on 11/22/2012


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Murphy Oil abandons well off Congo coast Murphy Oil Corp. has abandoned a well it was drilling off the coast of the Republic of Congo after it proved “unsuccessful,” the co... Read »

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Hostess, union fail to reach deal

Scott Hubbard of Chico, Calif., loads Hostess Zingers at the Hostess store in Redding, Calif., on Friday.

Hostess Brands Inc. must return to a liquidation scenario after mediation with its bakers’ union failed to ave... Read »