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US stocks fall amid global caution

Agence France-PresseMay 24, 2013 10:46
US stocks fell in early trade Friday as caution reigned one day after a shock sell-off in Asia and Europe and ahead of the three-day US Memorial Day holiday weekend. Thirty minutes into trade, the Dow Jones Industrial Average was down 55.16 points (0.36 percent) to 15,239.34. The broad-based S&P 500 lost 9.40 (0.57 percent) to 1,641.11, while the tech-rich Nasdaq Composite fell 20.36 (0.59 percent) at 3,439.06. Stocks slipped despite a rebound in US durable goods orders in April, which gained 3.3 percent, led by aircraft orders after March's 5.9 percent drop.

News Corp to take charge of up to $1.4 billion this quarter

May 24, 2013 10:30
By Jennifer Saba (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows in the future.

News Corp approves Murdoch split for June 28

Agence France-PresseMay 24, 2013 10:16
News Corp's board on Friday approved the break-up of the conglomerate into two independent companies, separating the high-flying entertainment assets from the struggling newspaper operations. The decision, which sets a date for the split for June 28, all but assures the implementation of a plan proposed last year by News Corp chief Rupert Murdoch. It must also be approved next month by shareholders, but the Murdoch family holds a majority of the voting shares.

News Corp approves split into two firms June 28

Agence France-PresseMay 24, 2013 09:15
News Corp said Friday its board approved the breakup of the media-entertainment conglomerate headed by Rupert Murdoch into two separate companies, to be effective June 28. Murdoch will head both firms, including one company focused on news and publishing, to retain the News Corp name, and another on television and film, to be called 21st Century Fox. soe-rl/sg

High-powered group promotes immigration reform with online forum

Agencia EFEMay 22, 2013 19:15
New York, May 22 (EFE).- A group formed by New York Mayor Michael Bloomberg and media mogul Rupert Murdoch launched Wednesday an online forum, iMarch, to pressure Congress into approving immigration reform. Taking part in the project is a broad bipartisan coalition of business leaders, politicos and community organizations. "This is an issue that has nothing to do with party affiliation," according to John Feinblatt, a Bloomberg policy adviser who works on the mayor's efforts to promote gun control and immigration reform.

One-time gains boost News Corp profit to $2.85 bn

Agence France-PresseMay 13, 2013 16:32
News Corp said Wednesday profit in the past quarter tripled to $2.85 billion, boosted by a one-time gain from its German satellite TV operations, and improvements in cable TV and film operations. The quarterly results from the conglomerate led by Rupert Murdoch were largely in line with expectations, with an operating profit of 36 cents a share, excluding special items.

One-time gains boost News Corp profit to $2.85 bn

Agence France-PresseMay 10, 2013 16:21
News Corp said Wednesday profit in the past quarter tripled to $2.85 billion, boosted by a one-time gain from its German satellite TV operations, and improvements in cable TV and film operations. The quarterly results from the conglomerate led by Rupert Murdoch were largely in line with expectations, with an operating profit of 36 cents a share, excluding special items. soe-rl/dw

UK ex-cop jailed for selling story to Murdoch tabloid

Agence France-PresseMay 10, 2013 12:19
A former British policeman was jailed for 10 months on Thursday for selling a story to Rupert Murdoch's top-selling tabloid The Sun and trying to sell other information about headline-grabbing cases. James Bowes, 30, was sentenced at London's Old Bailey court after pleading guilty to misconduct in a public office last month.

UK BSkyB executive and daughter killed in speedboat accident

May 7, 2013 11:35
LONDON (Reuters) - An executive at Britain's pay-TV group BSkyB and his eight-year-old daughter were killed in a speedboat accident while on holiday in southwest England, and his wife and three other children were also airlifted to hospital, Sky said on Monday. Nicholas Milligan, 51, who was managing director of Sky Media, the advertising sales arm of BSkyB which is 39-percent-owned by Rupert Murdoch's News Corp, died after he and five family members were thrown into the water in an estuary off the popular resort of Padstow on Sunday afternoon.

Report: Former Dow Jones exec William Cox Jr., part of Bancroft family that owned WSJ, dies

The Canadian PressMay 4, 2013 13:00
NEW YORK, N.Y. - Former Dow Jones The Journal report cited unnamed people close to the family. Cox was part of the Bancroft family that controlled Dow Jones and the Wall Street Journal until they were sold to Rupert Murdoch's News Corp. in 2007. The sale was contentious because the Journal had long been independent and members of the Bancroft family were divided about whether to sell or not. But eventually, News Corp. paid about $5 billion to acquire Dow Jones, which publishes the Journal.
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