The Walt Disney Co. has finally sold off the Miramax label and library to a group of investors led by Ronald Tutor for $660 million.

Colgate-Palmolive Co. has a new toothpaste coming out and doesn’t want GlaxoSmithKline to prevent it from marketing its “triple action.” (CL) (GSK)

Mobile phone designer Emblaze Ltd. has filed suit against Apple Inc. alleging patent infringement.

Drug maker Merck said Friday that its profit fell by 52 percent during the second quarter on charges related to the company’s acquisition of Schering-Plough. (MRK)

Charles River Laboratories International Inc. has called off its planned $1.6 billion purchase of Chinese research firm WuXi PharmaTech (Cayman) Inc. The board of Wilmington-based Charles River Labs has instead authorized the company to buy back up to $500 million of its own stock. (CRL)

Microsoft Corp. CEO Steve Ballmer told analysts Thursday that finding a way to compete with Apple Inc.'s iPad is "Job One" at his company these days. (MSFT) (INTC)

Solyndra Inc. said Friday it has been awarded 20-year power purchase agreements to supply Southern California Edison with renewable electricity from 16.2 megawatts of rooftop photovoltaic solar systems.

Stanley Black & Decker said Thursday it will pay $445 million in cash to buy CRC-Evans International, a Houston, Texas, supplier of tools and equipment used in building oil and natural gas pipelines. (SWK)

The former CEO and owner of The Duncan Group was sentenced Thursday to more than five years in prison and ordered to pay $3.8 million in restitution after pleading guilty to fraud charges related to a Ponzi scheme.