Disney movies and ABC television shows will be available on Hulu.com now that Walt Disney Co. is taking an equity stake in the video streaming site, joining its founders, NBC Universal and News Corp. The deal announced Thursday will bring older Disney movies to the site, along with ABC and Disney Channel shows such as "Lost" and "Grey's Anatomy" after they run on TV. Disney hopes to gain new online viewers that it doesn't already capture on ABC.com and pick up new income from sharing ad revenue on Hulu. The new setup also brings the owners of three of the four major broadcast networks -- ABC, NBC and Fox -- into a fight for online eyeballs against the video streaming site TV.com, which CBS Corp. acquired last year when it bought CNet Networks Inc. for $1.8 billion.Oil price rises 15 cents, settles at $51.12
Oil prices wavered Thursday as the nation's employment picture darkened and consumers pulled back on spending. Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose 2 cents to settle at $50.80 a barrel on the ICE Futures exchange.Senate kills Obama foreclosure-rescue plan
The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a proposal that President Obama embraced but did little to get through. A dozen Democrats joined Republicans in the 45-51 vote to scuttle the measure, which Obama had said was important to saving the economy and promised to push through Congress. But facing stiff opposition from banks, Obama did little to pressure lawmakers who worried it would encourage bankruptcy filings and spike interest rates.