Business

Business briefs

Frack this!

Norse Energy, a natural gas drilling company that had counted on tapping the riches of New York’s part of the Marcellus Shale has filed for Chapter 11 bankruptcy protection while the state’s 4-year-old moratorium on hydrofracking remains in place.

RIP, Saul

Saul P. Steinberg, the former corporate raider and chairman of Reliance Group Holdings, has died. He was 73 and was the father-in-law of CNBC anchor Maria Bartiromo.

Macy’s stock

Macy’s has authorized a $1.5 billion increase in share repurchases that could lead to the retailer more than doubling the dollar amount of stock it has bought since 2011.

Sprint/Dish

Sprint Nextel Corp. has approached Dish Network about a partnership that would allow the satellite-TV company to offer mobile-phone service over the carrier’s network.

BR on block

Restaurant group BR Guest Hospitality, owner of 26 establishments including Dos Caminos, Flamma and Blue Water Grill, is looking for buyers.