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With a deadline to weigh in on News Corp.'s $5 billion offer for Dow Jones fast approaching, the outcome remains far from certain, said CNBC's David Faber.
Stocks closed higher, helped by buying in the financials sector, as bargain hunters shrugged off lingering concerns about corporate financing. "The question many investors should ask is whether deals are merely being re-priced, which seems appropriate, or will be cancelled," said Jason Trennert of Strategas Research.
Futures are perking up this morning and are setting stocks up for a firmer opening. Traders are turning their attention to earnings and some percolating merger news, and there's a calm on Wall Street after Friday's late day, mad dash down-hill ride for stocks.
After paying their dues on the small screen for 18 years, "The Simpsons" have become movie superstars in just one day.
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.