In the News: American Airlines, Pfizer, GM and more

American Airlines parent AMR plans to cut 13,000 jobs and pensions.

Apple's iPhone 5 may be coming in June.

Benetton family plans to take retailer private.

Deutsche Bank profit tumbles on European debt crisis.

Facebook sets stage for historic IPO as valuation game begins.

GM cancels half of upfront ad commitments in cost-cutting move.

Google responds to Microsoft criticism of privacy policies.

Groupon tests kiosks in hometown of Chicago.

Harvard and Princeton are targets of Asian-discrimination probe.

Kodak wants to relinquish naming rights to Kodak Theatre.

Kraft shakes up C-suite ahead of company split.

Microsoft lays off 200 in marketing including chief creative officer, slams Google over privacy.

Netflix may be cannibalizing Nickelodeon ratings with streaming.

News International hacking inquiry spreads to The Times of London.

Nokia, Samsung and Apple are the new top three handset makers.

Nokia unveils policy on conflict minerals.

Philadelphia continues tourism campaign with winter chapter.

Pfizer recalls 1 million birth-control pills, deals with PR fallout.

Pinterest takes lead in online referral traffic.

RayWJ emerges as top star on YouTube.

Schick goes after Gillette with Hydro 5.

Sony loses $2 billion in quarter, replaces CEO Howard Stringer.

Spirit Airlines adds "unintended consequences" fee to tickets.

The Limited cozies up to plus-size women.

Tumblr hires crew to cover itself.

Twitter rolls out first UK brand pages with Asda, Cadbury, Sky and EA.

Unilever increases UK marketing spend.

Xstrata in merger talks with Glencore to create huge mining concern.