North American box office receipts totaled about $10.5 billion in 2014, a 4 percent decline from a year earlier. The New York Times reports.» Read More
Jim Ottaway Jr., a former Dow Jones executive and board member whose family is one of the company's largest shareholders, has voiced his fierce opposition to News Corp.'s $60-a-share offer to acquire Dow Jones, according to a report in that company's paper, the Wall Street Journal.
Warren Buffett said on Sunday it is possible that the $5 billion takeover bid by Rupert Murdoch's News Corp. for Dow Jones may not be the final offer for the owner of the Wall Street Journal.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
Spider-Man caught just about everyone in his web. The super hero's latest adventure, "Spider-Man 3," smashed box-office records with a $148 million haul in its first three days, according to studio estimates Sunday.
Mergers and acquisitions dominated headlines during the week as the S&P 500 ended above 1,500 for the first time in more than seven years and came within striking distance of an all-time high of 1,527 set in March 2000. "Merger activity is one of the things that's driving the strength in this market," said Ted Weisberg, president of Seaport Securities.
Media stocks are cheap, so some big players in the industry are saying “Let’s make a deal.” This week's flurry of potential media mergers includes such heavyweights as News Corp., Dow Jones, Reuters and Thomson. Analysts say that the main driver behind the proposed combinations is that media stocks are relatively cheap, making companies ripe for picking.
Reuters Group appears willing to endorse a takeover offer from Canada's Thomson Corp., the Financial Times reported. Success or failure of the deal will depend on whether the two sides can convince directors of the Founders Share Company that Reuters' editorial integrity would not be compromised, FT said.
Merger and acquisition activity is on a roll, but is it really what’s driving the market bulls? Brent McQuiston, Wealth Trust Arizona vice president, and Sam Stovall, Standard & Poor’s chief investment strategist, shared their insights on “Morning Call.”
Rupert Murdoch would take steps to maintain the Wall Street Journal's editorial independence and invest in journalism if Dow Jones approves News Corp.'s $5 billion bid to buy the company, according reports of his plans published on Thursday.
The board of directors of Dow Jones has decided to take no action on the $5 billion proposal from News Corp. , after a representative of the Bancroft family informed the board that they would vote shares constituting about 52% of voting power against the $60-a-share offer.
Stocks closed higher and the Dow ended at another record high, buoyed by sharp gains in financial and telecom stocks. "With strong earnings and reasonable valuations, you should expect stocks to go higher," said Ed Keon, chief investment strategist at Prudential. "I think the market represents good value."
Move over Citizen Kane, billionaires who want to play media tycoon are snapping up big names in the newspaper industry.
Norman Pearlstine has a unique perspective on Rupert Murdoch's "stunning" bid for Dow Jones. Pearlstine, the senior advisor to The Carlyle Group's telecom and media team, was previously the editor-in-chief of Time Inc. -- and the former managing editor and executive editor at The Wall Street Journal, Dow Jones' cornerstone asset. The publishing veteran told "Closing Bell" viewers his thoughts on the would-be News Corp. acquisition.
Stocks prices are edging higher this morning, following the direction of European markets. Lots of earnings news is out today, and talk of deals in the media industry swirl.
The Bancroft family is opposing News Corp.'s unsolicited bid of $60 a share, or about $5 billion, for Dow Jones, owner of the Wall Street Journal. A representative of the Bancroft family said that members and trusts representing slightly more than 50% of the voting shares will vote against the News Corp. offer.
The big news today is, well, the news. Rupert Murdoch’s News Corp. (NWS) made an unsolicited bid of $5 billion for Dow Jones (DJ), owner of The Wall Street Journal. Why is Murdoch willing to pay so much and why were Dow Jones options trading at 51 times their average daily volume, yesterday?
Stocks closed higher and the Dow ended at yet another record high following better-than-expected economic data and healthy mergers activity. "We're getting that soft landing scenario people were hoping for -- inflation pressures are starting to ease," said Thomas Higgins, chief economist at Payden & Rygel.
The Bancroft family, which is opposing Rupert Murdoch's bid for Dow Jones, has owned the publisher of the Wall Street Journal since the turn of the 20th Century.
The market may not bat an eyelash at deals worth $5 billion these days, but News Corp.’s offer of $60 a share for Dow Jones is a “game changer,” said Erin Burnett during her daily chat with Jim Cramer. But will it go through? Cramer thinks so.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Hitting home: When a big story hits, it’s always very exciting. It’s also a bit nerve-wracking when the story, at least potentially, involves you personally. David Faber’s big scoop today qualified on both counts. During "Morning Call," David broke the story that News Corp. was bidding $60 per share to acquire Dow Jones -- sending quite a wave of excitement throughout our newsroom. It’s not just a potentially huge takeover deal -- it’s one that could change OUR lives tremendously.