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Dow Jones has implemented change-in-control provisions for more than 100 top managers, as the company considers a $5 billion unsolicited offer from Rupert Murdoch’s News Corp., The Wall Street Journal reports.
A "Wall Street group" and an Internet entrepreneur have expressed interest in mounting a counterbid to News Corp. chief Rupert Murdoch's $5 billion offer for Dow Jones, an adviser to the Dow Jones employee union said on Thursday.
Brian Tierney, who led the investor group that bought the Philadelphia Inquirer and the Philadelphia Daily News for $515 million, said he is interested in taking a look at Dow Jones The Wall Street Journal reports.
Stocks closed lower as investors used rising bond yields and diminished outlook for an interest rate cut as excuses to take profits. "Technically, the market looks a lot like it looked before the 5% correction we got back in late February," said John Kattar, chief investment officer with Eastern Investment Advisors. "The market is overbought."
Billionaire supermarket investor Ron Burkle, who earlier this year formed part of a partnership that bid for Tribune Co., has joined the union representing 2,000 employees of Dow Jones & Co. in exploring alternatives for the latter company, the Wall Street Journal reported.
Stocks prices are soft ahead of the opening after a tumultuous night in Asia which ultimately left markets there higher. Investors are also watching comments from Fed Chairman Ben Bernanke on housing and the economy made to a South African monetary conference this morning.
Stocks closed with modest gains as investors shrugged off sharp declines in China and higher energy prices amid continued mergers and acquisitions activity. "Right now we're in a glass-half-full type of mood," said Al Goldman, chief market strategist at A.G. Edwards. "The market just doesn't seem to go down."
A U.S. appeals court overruled regulators who decided that expletives uttered on broadcast television violated decency standards, a major victory for TV networks.
Stocks are weaker ahead of the open despite a round of Monday morning mergers. Asian markets were higher, ignoring another selloff in China overnight, and European markets are lower.
YouTube said on Sunday it has reached a revenue-sharing deal with Hearst-Argyle Television whereby local TV stations will be paid when users of the video-sharing site watch their programming.
The Bancroft family will meet with Rupert Murdoch's News Corp. to discuss its $5 billion bid for Dow Jones, the Wall Street Journal reports. The family also said it would consider other bidders and options for the company which includes the Wall Street Journal.
The guys go behind the headlines and give you their take on... the family behind Dow Jones agreeing to meet with Rupert Murdoch... Wal-Mart's $15 billion buyback ... and more. Find out where they see fast money.
Jobs and manufacturing data combine this morning to tell the tale of the consumer and manufacturing pillars of the economy for a market set on moving higher. Stock futures are moving up after markets around the world start the month of June with gains.
Rupert Murdoch's News Corp. will return to Australia's benchmark S&P/ASX 200 Index from the close of trade on June 15, 2007, global index provider Standard & Poor's said in a statement on Friday.
The parent of MySpace is buying the media-sharing site Photobucket for about $300 million, bringing together two of the Internet's most popular hangouts.
CBS said it bought Last.fm, the online music service that allows fans with similar tastes to connect, for $280 million in a bid to attract young audiences.
The Burlesque Hall of Fame is teaming up with Keep A Breast Foundation to raise awareness about breast cancer. Well, one can see how this is, as the burlesque organization says, "a match made in heaven."Now, to raise awareness, the Hall of Fame next month reportedly will host an art exhibit and auction featuring plaster breast molds of "legendary burlesque, pin-up and cheesecake queens." The museums founder, it turns out, died of the disease in 1991. Her name, Jennie Lee, was known as "The Bazoom Girl."
Thirty years on, the movie franchise gets high marks for mythic originality, special effects and a huge return on investment. Oh yeah, it's also a one-of-a kind cultural phenomenon.
The British government ordered the country's competition watchdog on Thursday to carry out a full inquiry into British Sky Broadcasting's purchase of a significant stake in commercial broadcaster ITV.
An influential member of the family that controls Dow Jones, who is also a director of the company and a trustee of the family's investment, came out against News Corp.'s $5 billion bid for the publisher, the Wall Street Journal reported.