Business news in brief

By The Associated Press

Control of media empire could be at stake in hearing

RENO, Nev. | A probate court in Nevada is set to begin reviewing evidence this week in a behind-closed-doors dispute that could determine who will control Rupert Murdoch’s media empire after his death.

The New York Times reported based on a sealed court document that Murdoch last year moved to change the terms of his irrevocable family trust. Murdoch is in court for the hearing.

The Times reported that he wants to ensure his eldest son, Lachlan, remains in charge of his cadre of newspapers and television networks.

The court has blocked public access to the hearings and most documents in the case.

Red Lobster exits Chapter 11 bankruptcy protection

Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.

A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan earlier this month, which included a lender group led by asset manager Fortress Investment Group acquiring the business.

Red Lobster is now an independent, privately-held company with 545 restaurant locations in 44 states and four Canadian provinces.

Boeing says it’s considering temporary layoffs

SEATTLE | Boeing says it’s considering temporary layoffs to save cash during the strike by machinists. The company told employees Monday that it will freeze hiring, reduce travel and reduce spending on suppliers.

Chief Financial Officer Brian West says the company is also considering “the difficult step of temporary furloughs for many employees, managers and executives in the coming weeks.”

About 33,000 workers represented by the International Association of Machinists and Aerospace Workers began a strike early Friday. The walkout came after workers rejected an offer with pay raises of 25% over four years.

Representatives of the company and the union are scheduled to meet Tuesday with federal mediators.

—From AP reports