Walt Disney Co. DIS -0.21% said it would buy a controlling interest in Indian entertainment company UTV Software Communications Ltd. , which it said would make Disney the country’s leading film studio. Last month, India’s cabinet approved the proposal by Disney–which currently owns 50.28% of UTV Software–to buy out other shareholders. Walt Disney reiterated Tuesday it will delist... 

Science Applications International Inc. SAI -0.98% agreed to pay the government $20.4 million to settle charges it colluded with two government employees to gain a lucrative support contract. The government employees allegedly provided SAIC, its subcontractor Applied Enterprise Solutions LLC and Lockheed Martin Corp. LMT -0.03% with nonpublic information on the bidding process for support of the Naval... 

NEW YORK (MarketWatch) — J.C. Penney Co. JCP +0.04% and its largest shareholder, William Ackman, have agreed to cap his shareholdings in the retailer at 16.5%, while still allowing him to expand his financial interest in the company. Ackman, who holds the shares through his Pershing Square Capital Management hedge fund, intends to add to his Penney holdings through a “synthetic long position”... 

DALLAS, TX, Jun 16, 2010 (MARKETWIRE via COMTEX) — STANDARD OIL COMPANY USA, INC.’s (PINKSHEETS: SOCU) (http://www.standardoilcompanyusa.com ) Chairman, Ronald Brooks and CEO of Standard Oil Company USA, Inc. announces the execution of binding letter of intent to purchase the War Creek Project in War Creek and Mill Creek Districts, Breathitt County, Kentucky. Recorded from War Creek Energy,...