After Viacom and 21st Century Fox posted quarterly operating profit in line with Wall Street estimates, CNBC's David Faber reports on comments by Viacom Chairman and CEO Philippe Dauman on the company's future.» Read More
Members of the family that controls Dow Jones jostled over their positions on News Corp.'s $5 billion bid on Friday, as a dark horse rival prepared a revised proposal.
A branch of the Bancroft family will vote against News Corp's $5 billion bid for Dow Jones, putting pressure on Rupert Murdoch to raise his offer, The Wall Street Journal reported its Web site Friday.
The buzz about Fox's "The Simpsons Movie" has been so hot--and tracking of knowledge of the film so broad--that Fox is expanding the film's debut to 3,922 theaters and about 5,700 screens. Fox is cautiously expecting to hit the mid $30 million dollar range, but the average prediction for the $70 million budget film's opening weekend is over $57 million dollars, and it's sure to take the top spot.
Rupert Murdoch would allow Dow Jones to continue editorial independence if his bid for the publisher of The Wall Street Journal succeeds, according to the chairman of Ireland's top newspaper publisher.
Gideon Yu, 36, became chief financial officer of video-sharing sensation YouTube in September of last year, shortly before the company was acquired by Google in a $1.65 billion deal.
The family that controls Dow Jones expects to decide by early next week if it wants to sell the company to Rupert Murdoch's News Corp. for $5 billion, a source familiar with the matter said on Tuesday.
Members of the Bancroft family, which controls Dow Jones, may decide by the end of the week whether to accept a $5 billion offer by Rupert Murdoch's News Corp. for the publisher of The Wall Street Journal.
A senior member of the family that controls Dow Jones said on Monday that he expects the family to decide by Friday whether to sell itself to Rupert Murdoch's News Corp. for $5 billion.
Mergers and acquisitions and a generous portion of quarterly earnings along with OPEC news is turning the stock market picture back to the plus side after Friday's selloff, though looming in the background are credit market concerns.
A swirl of merger activity and blow-away earnings from Dow component Merck are positives for stocks ahead of the opening. European markets are mostly higher and Asia was mixed overnight.
Internet entrepreneur Brad Greenspan said Dow Jones could be worth $100 a share if it accepted his proposal to invest in the company instead of selling to Rupert Murdoch's News Corp.
Stocks closed sharply lower after earnings disappointments from Caterpillar and Google, as well as continuing concerns about the subprime mortgage market weighed on the major averages. "The market is getting ragged," said Phil Roth, chief technical market analyst at Miller Tabak.
Dow Jones director Dieter von Holtzbrinck is resigning from the board, saying he could not support the company's endorsement of a $5 billion takeover offer by Rupert Murdoch's News Corp.
Dow Jones & Co., which soon could be bought by News Corp. for $5 billion, said one-time charges lowered quarterly profit, while its digital business pushed up revenue despite lower ad sales at its flagship Wall Street Journal.
The U.S. Securities and Exchange Commission plans to file civil charges against Dow Jones board member David Li over an insider trading probe linked to News Corp's bid for the media company, the Wall Street Journal reported on Wednesday.
The U.S. Securities and Exchange Commission plans to file civil charges against Dow Jones board member David Li over an insider trading probe linked to News Corp.'s bid for the media company, the Wall Street Journal reported on Wednesday.
Stocks rebounded in late trading but still finished lower as concern about fallout in the subprime industry put a temporary brake on the Dow's run to 14,000. "Subprime isn't good news, but despite this the market will still rally higher," said Jordan Kotick, global head of technical strategy at Barclays Capital.
Yahoo chief executive Jerry Yang was found wanting on Wednesday by investors who said the company needed to devise a plan to combat weaker advertising growth more quickly than in the 100 days promised by management.
The board of Dow Jones has endorsed a $5 billion buyout offer from Rupert Murdoch's News Corp., sending the deal to the controlling Bancroft family for final approval. The 16 members of the board, which met for several hours Tuesday, were not unanimous in their decision, but a "strong majority" voted to recommend approving the deal, said one source familiar with the matter.
The revelation that two of Bear Stearns' collateralized debt obligation funds are virtually worthless are casting a pall on the overall market this morning. The biggest factor with the subprime prime epidemic is the great unknown of exposure and containment.