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Stock Market & Financial Investment News

News Breaks
August 19, 2013
18:40 EDTFOXA, NWSA21st Century Fox adds $110M to legal fee budget, WSJ says
Twenty-First Century Fox has added $110M to the amount it is budgeting to cover legal costs related to the alleged use of illegal reporting tactics at News Corp.'s (NWSA) U.K. newspapers, reports The Wall Street Journal. Reference Link
News For FOXA;NWSA From The Last 14 Days
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September 17, 2014
17:48 EDTNWSANews Corp opposed Google EC settlement offer
Early last week, in a letter to European Commissioner for Competition Joaquín Almunia, News Corp (NWS, NWSA) CEO Robert Thomson opposed Google’s (GOOG) settlement offer with the European Commission, or EC, saying the internet giant is “willing to exploit its dominant market position to stifle competition.” Thomson said News Corp also opposed the proposed five year term of a settlement, noting that “five years is an eternity in internet time.” Citing Google’s “egregious aggregation” of content, Mr. Thomson said that, along with serious commercial damage, there is a “profound social cost” to Google’s actions. “The internet should be a canvas for freedom of expression and for high quality content of enduring value. Undermining the basic business model of professional content creators will lead to a less informed, more vexatious level of dialogue in our society.” "Your decision to reconsider Google's settlement offer comes at a crucial moment in the history of the free flow of information and of a healthy media in Europe and beyond," Mr. Thomson wrote.
06:13 EDTFOXASky Deutschland tells investors to reject BSkyB offer
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September 12, 2014
11:13 EDTFOXALiberty Global says no 'big' transactions on horizon
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06:56 EDTFOXAEU approves BSkyB $9B pay-TV agreements in Germany, Italy, Reuters says
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September 11, 2014
11:10 EDTFOXAFox COO Carey says company has 'moved on' from Time Warner, THR reports
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06:17 EDTFOXATime Warner not planning HBO IPO, comments on Fox, NY Post reports
Time Warner (TWX) CEO Jeff Bewkes told the Goldman Sachs Communacopia conference that the company is not planning an IPO or tracking stock for HBO, the New York Post reports. Bewkes also commented that the company took 21st Century Fox's (FOXA) takeover offer "very seriously," but it was determined that the integration process would be such a "large undertaking" that shareholders of both companies "would be exposed to incredible and unnecessary risks." Reference Link
September 10, 2014
11:04 EDTNWSANews Corp says can not predict future of advertising in U.S., UK
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07:36 EDTFOXAFox loses round in fight with TVEyes, Hollywood Reporter says
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September 9, 2014
07:28 EDTFOXAFOX pursues reality TV joint venture agreement, Hollywood Reporter says
21st Century Fox (FOX, FOXA) president and COO Chase Carey said that the company doesn't want to pursue Time Warner (TWX) again or look for another large deal, but the firm is aiming to finalize an agreement to create a reality television joint venture agreement comprised of Shine Group, Endemol and Core Media in the future, according to Hollywood Reporter, citing comments from Carey. Reference Link
September 5, 2014
06:05 EDTFOXAWarner Bros. to eliminate jobs 'at every level' acros studio, Deadline reports
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