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BREAKING NEWS / URGENT: The State Supreme Court upholds Act 10, Voter ID, and the state's domestic partnership registry

MADISON, Wis (WSAU)  - The Wisconsin State Supreme Court upheld Act 10, the state law that limits the collective bargaining rights of state employees. The law from three years ago sparked protests at the state capital and led to the recall attempt against Governor Scott Walker. The court's ruling in favor of Act 10 was 5-2. Justice Michael Gableman wrote the lead opinion, which was also signed by Justices David Prosser, Pat Roggensack and Annette Ziegler. Justice Patrick Crooks concurre...

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Liberty Global, Discovery in talks regarding F1 stake -report

(Reuters) - John Malone's Liberty Global Plc and Discovery Communications Inc are in discussions with the owners of Formula One to bridge a $1 billion gap in the valuation of the motor-racing series as they seek to buy a 49 percent stake, according to Bloomberg.

CVC Capital Partners, a London-based private equity firm, and Lehman Brothers Holdings want about $500 million more for the stake, the report said, citing people with knowledge of the matter.

Discussions with CVC Capital Partners Ltd and Lehman Brothers are ongoing although a deal may not be reached, the report added.

CVC remains the largest shareholder in Formula One with a stake of around 35 percent.

CVC may also contemplate an initial public offering of Formula One, according to Bloomberg, although the sources added that it is unlikely to occur before the conclusion of a trial involving Chief Executive Officer Bernie Ecclestone.

Discovery Communications and Liberty Global were not immediately available for comment. CVC Capital Partners and Lehman Brothers were also unavailable for comment.

(Reporting by Narottam Medhora and Tanvi Mehta in Bangalore; Editing by Lisa Shumaker)