Business briefs

Poison ‘Idol’

CKX, the owner of “American Idol,” adopted a poison pill plan that may prevent company founder Robert Sillerman, who resigned as chairman last month, and an un named investor from ac quiring a majority stake.

Droid X

Google upped its esti mate for the number of Android phones sold each day and Verizon Wireless unveiled its lat est Android phone, the Droid X, a day before Apple’s iPhone 4 debut.

Czar is out

Ken Feinberg, the Trea sury Department’s pay czar, is stepping down this summer to focus on running the $20 billion oil spill cleanup fund set up by BP to compensate vic tims of the Gulf oil spill.

GM IPO

General Motors Co. is preparing for an IPO that would sell 20 per cent of the Treasury’s stake in the automaker and reduce the US to a minority owner, with less than 50 percent from 61 percent now.

Mays walks

Clear Channel CEO Mark Mays is stepping down, the latest member of the founding family to resign since the largest US radio broadcaster was taken private two years ago. He will continue as chairman.