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Stock Market & Financial Investment News

News Breaks
June 18, 2014
17:52 EDTNWSANews Corp. extends shareholder rights plan
News Corp announced that its Board of Directors has approved an amendment to the company's stockholder rights plan, which was scheduled to expire on June 28. The amendment extends the expiration date of the Rights Plan until June 18, 2015, unless redeemed earlier by the company as provided for in the Rights Plan. The Rights Plan allows the Board of Directors additional time to evaluate all available alternatives and preserves the company’s ability to implement management's strategic plan in order to maximize the long-term value of the company for all stockholders.
News For 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.
September 10, 2014
11:04 EDTNWSANews Corp says can not predict future of advertising in U.S., UK
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