Business

Business briefs

Yahoo! cuts

Yahoo! plans to lay off more than 600 em ployees, mostly in the company’s products group, as soon as today, Reuters reported.

Icahn out

Billionaire Carl Icahn pulled his hostile bid for Lionsgate Entertain ment after a court rul ing last week allowed a director to keep his in creased voting power.

Viacom-FCC

Viacom execs raised concerns about the Comcast-NBC Universal merger in a meeting last week with the FCC.

Discovery

Discovery Communi cations agreed to re purchase 13.7 million shares of preferred stock for about $500 million from Si New house’s Advance Publi cations.

Correction

Bank of America owned $12 billion in mortgage-servicing rights as of Sept. 30, down from $19 billion last year. Those totals were re ported incorrectly in yes terday’s Post.