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John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
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The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
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U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
News Corp topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses.
News Corp's subscription video services division that includes Australian pay TV company Foxtel — acquired by Rupert Murdoch-controlled News Corp earlier this year — contributed $610 million to its overall revenue in the fourth quarter ended June 30.
The company's news business, which houses The Wall Street Journal and the New York Post, made $1.29 billion in revenue, rising 1 percent from a year earlier and accounting for almost half of overall revenue as the number of digital subscribers grew.
Revenue at News Corp's online real-estate listings unit rose 19 percent while its book publishing division — home to HarperCollins — saw a 20 percent jump in revenue.
News Corp said net loss available to shareholders narrowed to $372 million in the fourth quarter from $430 million a year earlier. Excluding one-time items, the company earned 8 cents per share, above analysts' average expectation of 6 cents, according to Thomson Reuters I/B/E/S.
Total revenue surged about 30 percent to $2.69 billion, above estimates of $2.65 billion.