Deadline, Acquisition | featured news

Penske Media has acquired show business publication Variety. The company already owns one of Variety's fiercest competitors, the online-only trade Deadline.com. Variety has been a Hollywood must-read and a global show business symbol for more than a century, famous for its snappy lingo and its breathless coverage of entertainment industry news.

Bank of America Corp failed to meet a Monday midday deadline to hand over further details about its acquisition of Merrill Lynch to a congressional investigative committee, a panel spokeswoman said.