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Stock Market & Financial Investment News

News Breaks
May 2, 2014
07:01 EDTNWS, NWSANews Corp. to acquire Harlequin Enterprises from Torstar for C$455M in cash
News Corp announced that it has agreed to acquire Harlequin Enterprises from Torstar Corporation. Harlequin will become a division of HarperCollins Publishers, a News Corp subsidiary. Harlequin publishes the work of more than 1,300 authors and releases more than 110 titles monthly. The purchase price of the acquisition is C$455M in cash. The acquisition is subject to customary closing conditions, including regulatory approvals and approval of Torstar's Class A shareholders. The closing is anticipated by the end of the third quarter of calendar year 2014. The deal is expected to be accretive to earnings and improve News Corp's free cash flow.
News For NWS;NWSA From The Last 14 Days
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September 19, 2014
10:07 EDTNWSAHigh option volume stocks
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September 17, 2014
17:48 EDTNWS, NWSANews 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.
September 10, 2014
11:04 EDTNWS, NWSANews Corp says can not predict future of advertising in U.S., UK
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