Business

Business briefs

ResCap time

A US bankruptcy court judge extended ResCap’s exclusive right to file a reorganization plan by 60 days to April 30, while the bankrupt mortgage company remains in mediation with creditors.

Eyeing Mark

A US District Court judge said the Securities and Exchange Commission’s insider-trading suit alleging Dallas Mavericks owner Mark Cuban avoided more than $750,000 in losses by selling his 600,000 Mamma.com shares may proceed.

Up in arms

Smith & Wesson’s fiscal third-quarter profit more than tripled to $14.6 million from $4.4 million, as the gun maker recorded a 39 percent surge in sales to $136.2 million.

Outdoor life

Outdoor Channel said its board has authorized buyout talks with Kroenke Sports & Entertainment, which has offered $227 million for the company.

Vivendi win

Vivendi said a federal court dismissed all of GAMCO Investors’ securities-fraud claims, charging that Vivendi concealed an alleged liquidity risk in 2001 and 2002.