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Stock Market & Financial Investment News

News Breaks
February 5, 2013
10:51 EDTNWSNews Corp. February volatility elevated into Q2 and advertising growth outlook
News Corp. February put option implied volatility is at 34, March and April is at 26; compared to its 26-week average of 24 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results after the market close on February 6.
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September 17, 2014
17:48 EDTNWSNews 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 EDTNWSNews Corp says can not predict future of advertising in U.S., UK
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