Big Deal: Looking to expand its online communications offerings, Microsoft Corporation said Tuesday that it will pay $8.5 billion for Skype Global, the Internet voice and video chat service, AmLaw Daily reports. Covington & Burling, Cadwalader, Wickersham & Taft, and Simpson, Thacher & Bartlett all worked on the deal.
No Chicken: The Justice Department, which has vowed to crack down on concentration in agriculture, filed a civil antitrust lawsuit Tuesday aimed at Tyson Foods Inc.'s sale of an unprofitable Virginia chicken-processing plant for $3 million to closely-held competitor George's Inc, The Wall Street Journal reports.
Piggy Bank: Google Inc. set aside $500 million related to the possible resolution of a U.S. Justice Department investigation of its advertising business, resulting in lower first-quarter profit, Bloomberg reports.
I Don't: The Navy is revoking guidance to its chaplains about conducting same-sex marriages at military chapels following an uproar by Republican lawmakers and social conservatives claiming the move would violate a law prohibiting federal recognition of gay marriage, according to the Washington Post.
Goldman Investigation: Massachusetts securities regulators may charge Goldman Sachs Group Inc with improperly passing along analysts' tips to top clients., according to Reuters.
Trial Delayed: The scheduled trial of two Americans accused of espionage in Iran was delayed again Wednesday after the suspects were not brought from jail to the courthouse, a Swiss diplomat told CNN.
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