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Rail said sufficient to deliver North Dakota crude oil
NEW YORK, March 9 (UPI) -- News Corp. said in a U.S. regulatory filing its publishing business will start up with $2.6 billion and no debt when it spins off from the parent company.
Details of the media giant's plan for its publishing business were included in a filing with the Securities and Exchange Commission.
Analysts expect some of the cash will be spent on the company's online operations, the BBC reported Saturday.
News Corp. announced in June it will spin off its publishing business, separating it from its film and television business, which includes Fox News and 20th Century Fox film studio.
The film business, after the split, will be called Fox Group.
Other huge media firms are splitting up their film and publishing operations. Time Warner, which was formed out of Time Inc. and Warner Communications, said recently it will split its film and print businesses, spinning off the producers of Time Magazine, Sports Illustrated, Fortune, People and several other publications that are struggling to adapt to the digital age.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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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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