U.S. stocks were flat Wednesday as investors obsessed over the debt ceiling. The Dow Jones industrial average fell 16 points, or 0.1%.
Despite no evidence that a debt deal was imminent, House Speaker John Boehner, R-Ohio, reiterated that he would not allow a default by the U.S. Government on his watch.
Even though he was the main force behind the company's rise to power, Rupert Murdoch leaving News Corp. would actually benefit the company's stock price.
Labour Party leader Ed Miliband has also called for a comprehensive change in media ownership laws in order to prevent the kind of power and influence Murdoch has had on UK politics.
Not long after Rebekah Brooks resigned as CEO of News International, the British newspaper arm of News Corp., Dow Jones & Co. CEO Les Hinton offered his resignation to Rupert Murdoch on Friday.
Two of Rupert Murdoch's most trusted lieutenants resigned on Friday, leaving the Australian media mogul as vulnerable as ever.
Les Hinton, CEO of Dow Jones and publisher of the Wall Street Journal, resigned on Friday amid the ongoing News of the World phone-hacking scandal.
A powerful American Senator wants to investigate Rupert Murdoch’s News Corp. to determine if the phone-hacking scandal has stretched across the water from Britain to the U.S.
There are some stocks that can thrive in this uncertain economic environment and Apple (NASDAQ:AAPL) is one of them
News Corp. and its leader Rupert Murdoch are embroiled in a far-reaching scandal. Murdoch's style may have finally caught up with him.
Will Rupert Murdoch be able to save his Media Conglomerate from the gathering storm of corruption, hacking and political shenanigan charges
Alcoa was among the first big companies to report second quarter earnings Monday after the market's close. Alcoa posted the company's highest profit in a quarter in almost three years in the first quarter. In the second quarter, its numbers were in line with forecasts, beating estimates in revenue.
The stock market was on fire today after investor confidence increased after two promising reports on the job market were released. The Dow Jones industrial average gained 94 points or 0.7%, closing at 12.720.
The latest economic data showed marked improvement over the course of one month, as applications for unemployment benefits fell and private sector employment increased.
News Corp made the right move selling MySpace, the social media site. Some say MySpace had become 'sleazy.'
News Corp paid $580 million for social media site Myspace six years ago, but today News Corp announced it has sold a majority of its MySpace ownership for $35 million.
U.S. stocks were mixed in early trade on Wednesday with Nasdaq turns negative after Greece’s parliament approved key austerity bill to prevent a debt default.
Apple is now suing Samsung in South Korea, the electronics company's home base.
Apple Inc. has filed a patent suit with a court in South Korea, claiming Samsung Electronics copied its intellectual property, the latest in the companies' legal tussle over their best-selling smartphone and tablet devices.
Stocks continued to fall in early afternoon trading Wednesday, erasing most of Tuesday's gains.
The Dow Jones Industrial Average fell below 12000 points on Friday, threatening to bring the stock market to a sixth consecutive week of losses. It would be the longest such slump since 2002.
US stocks bounced higher on Thursday as the market took a breather from the mid-year malaise that began in May.
