The Los Angeles Angels of Anaheim have been chosen to host the 2010 All-Star Game at Angel Stadium, Major League Baseball said Friday on MLB.com.

Walt Disney Pictures has started production on "Hannah Montana: The Movie." (DIS)

A California law firm has filed a class action lawsuit on behalf of investors who bought auction-rate securities from Bank of America Corp. and its subsidiaries. (BAC) (WB)

The bank syndicate providing the debt financing for the amended merger agreement between Clear Channel Communications Inc. and a private equity group has now fully funded the debt financing related to the $17.9 billion merger. (CCU)

Kary McHoul has departed UTA a year after she left her post as senior vp alternative at Fox to become co-head of UTA's alternative TV department with Brett Hansen.

Time Warner will shed Time Warner Cable and, in doing so, will raise a bunch of cash. Then, CEO Jeff Bewkes foreshadowed big changes on the content side of the business.

The 2007-08 season will go down as one of the strangest and most difficult periods in broadcast television history.

Microsoft is taking its fervent quest to catch search advertising champ Google to another level. The software company has introduced a program that will essentially pay people to use its search engine.

The Walt Disney Co. is recalling sleeping bags and toy magic wands due to the presence of lead paint, according to Thursday media reports. (DIS)

Computer Sciences Corp. reported a 29 percent drop in fourth-quarter earnings after restructuring costs. Sales rose 11 percent. (CSC)

Lockheed Martin Corp. said the Department of Defense has authorized the release of $2.2 billion to buy six conventional F-35A Lightning IIs for the U.S. Air Force. (LMT) (NOC)