Cablevision challenges channel bundling TELEVISIONSuit challenges cable bundlingCablevision's antitrust lawsuit against Viacom, filed this week in Manhattan, is a bid to upend the television industry by challenging the bundling of cable networks, a practice that's led to rising cable bills and ballooning channel lineups. The market increased following more evidence that the Fed will keep interest rates low, housing will keep recovering and shoppers aren't pulling back on spending, even with a payroll tax hike. Christie said the measure will help New Jersey's struggling casino industry and projected an 85 percent increase in his state's casino tax revenue from online gaming and an economic recovery. OILShell won't drill in Arctic in '13An effort to give the United States a new source of domestic oil and refill the trans-Alaska pipeline took a hit Wednesday when Royal Dutch Shell said it will suspend offshore petroleum drilling in the Arctic Ocean for 2013. Environmental groups bitterly oppose Arctic drilling in the rich ecosystem that supports endangered whales, polar bears, walrus and ice seals. The results mark a full year of massive quarterly losses and revenue declines since J.C. Penney began a turnaround strategy that included ditching most of its coupons and sales events in favor of everyday low prices.