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Cablevision, News Corp Swap Sports Assets

NEW YORK – Cablevision Systems Corp. (CVC) and News Corp. (NWS) Tuesday agreed to an asset swap that gives News Corp. full ownership of several regional sports networks and Cablevision full ownership of some New York area sports teams, venues and local sports channels. The restructuring, which simplifies Cablevision’s portfolio …

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Hungarian PM Sorry for Saudi Terrorists Quip

BUDAPEST, Hungary – The prime minister of Hungary (search) apologized Tuesday for joking that Saudi Arabia’s (search) soccer team had “very many terrorists” on its roster. Prime Minister Ferenc Gyurcsany (search) made the remark over the weekend at a Socialist Party event in reference to Hungary’s soccer team playing the …

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Bush Wants $100 Million for Polish Armed Forces

WASHINGTON – President Bush said Wednesday he will ask Congress for $100 million to help modernize the armed forces of Poland, (search) a staunch ally in the war in Iraq — a nearly 50 percent increase over last year . During an Oval Office meeting with Polish President Aleksander Kwasniewski …

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