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Beef recall announced over E. coli fears
NEW YORK, Dec. 22 (UPI) -- Publishing businesses controlled by Australian-born billionaire Rupert Murdoch lost $92 million in the fiscal quarter ending Sept. 30, News Corp. said.
The firm said in a public filing that in the year ending June 30, the publishing division of News Corp. lost $2 billion, partly due to restructuring charges, lost advertising revenue and the closing of the News of the World tabloid in Britain.
Earnings from fiscal 2012 dropped to $782 million, down from $1.2 billion in 2011, The Wall Street Journal reported Saturday.
The publishing division produces The Wall Street Journal, the New York Post, the Times of London and The Australian.
The company's restructuring plan calls for splitting entertainment and publishing activities into two corporations.
News Corp. has said its publishing company is expected to start off with more cash than debt, but the filing did not attach specifics figures to that statement, the Journal said.
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ANKARA, Turkey, June 20 (UPI) --
An oil pipeline planned from the Kurdish region of northern Iraq to Turkey may go to, but not cross, national borders, a Turkish official said.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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