Business briefs

One-third of workers are so sleepy, they could sleep on the job, a new survey says. The National Sleep Foundation’s survey of 1,000 people found participants average six hours and 40 minutes of sleep a night on weeknights, even though they estimated they’d need roughly another 40 minutes of sleep to be at their best. Roughly one-third of those surveyed said they had fallen asleep or become very sleepy at work in the past month.

Quality control lax for plane parts

Regulators and aircraft manufacturers are not keeping adequate tabs on the quality of plane parts made domestically and abroad, potentially raising risks for fliers, government investigators said in a report released Friday. The Transportation Department’s inspector general’s office said the Federal Aviation Administration has failed to conduct enough audits to determine whether manufacturers’ quality-assurance systems are working. Investigators found “widespread discrepancies” at 20 out of 21 suppliers they reviewed, including the age of equipment used to make airplane parts and the frequency of product testing prior to shipping parts to airplane manufacturers.

Restoration rejects Sears’ buyout offer

Home furnishings and gift retailer Restoration Hardware Inc. on Friday spurned Sears Holdings Inc.’s $4.55 per share offer for the company, saying it is not superior to Catterton Partners’ offer of $4.50 per share. Sears had submitted its offer Thursday, the last day of a 35-day period for Restoration to solicit competing offers. Department store retailer Sears had made a $6.75-per-share offer in November for Restoration. It subsequently withdrew that offer after Restoration’s shares tumbled and a competing bid from private equity firm Catterton Partners was lowered to $4.50 per share.

Web site shutdown reversed by judge

A federal judge who shuttered the renegade Web site Wikileaks.org reversed the decision Friday and allowed the site to re-open in the United States. In mid-February, U.S. District Court Judge Jeffrey White issued an injunction against Wikileaks after a Swiss bank accused the site of posting sensitive information stolen by a disgruntled former employee. White set off storms of protest among free-speech advocates and news media organizations when he ordered the disabling of the entire site rather than issuing a narrowly tailored order to remove the bank’s documents. On Friday, the judge dropped the injunction that took the site offline, citing First Amendment concerns and questions about legal jurisdiction.

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