News Corp to split into two companies?

News Corp to split into two companies?


News Corp to split into two companies?

Posted: 28 Jun 2012 01:28 PM PDT

Rupert Murdoch's media conglomerate to divide into entertainment operations, and newspaper and publishing business.


Ford Sees Overseas Losses Triple This Quarter

Posted: 28 Jun 2012 01:05 PM PDT

The automaker's international losses will triple in the second quarter, primarily because of flagging European demand, the company's chief financial officer said.


Spain Delays Plan to Aid Ailing Regions

Posted: 28 Jun 2012 12:43 PM PDT

The Spanish government is delaying plans to create a new financing instrument for the country's ailing regions amid deepening concerns about its solvency.


Sudanese prepare for ‘elbow-licking’ protest

Posted: 28 Jun 2012 11:12 AM PDT

Sudanese protesters denouncing austerity measures imposed by President Omar Al-Bashir are gearing up for what they are calling "Elbow-licking Friday," according to reports from the Guardian and others.

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Jordan king pushes parliament to widen election law

Posted: 28 Jun 2012 01:05 PM PDT

AMMAN (Reuters) - Jordan's King Abdullah instructed parliament on Thursday to reconvene next month to amend a controversial election law that has provoked Islamist disaffection and a potential boycott of polls that could deal a blow to democratic reforms.


U.S. Clears China From Iran Oil Sanctions

Posted: 28 Jun 2012 12:02 PM PDT

The Obama administration has exempted China and Singapore from economic sanctions, a decision that spares banks in those countries from potentially being cut off from the American financial system.


Afghan Foes Sit Together in Kyoto

Posted: 28 Jun 2012 12:28 PM PDT

A high-ranking member of the Taliban and a senior peace negotiator for the Afghan government sat at the same table in a conference in Japan, an unusual occurrence amid the conflict in Afghanistan.


Exclusive: Saudi readies oil line to counter Iran Hormuz threat

Posted: 28 Jun 2012 12:37 PM PDT

DUBAI (Reuters) - Saudi Arabia has reopened an old oil pipeline built by Iraq to bypass Gulf shipping lanes, giving Riyadh scope to export more of its crude from Red Sea terminals should Iran try to block the Strait of Hormuz, industry sources told Reuters.


Egyptian first lady-to-be, Naglaa Ali Mahmoud, blends in but sparks debate

Posted: 28 Jun 2012 12:05 PM PDT

CAIRO — When an inauguration ceremony this weekend propels an Islamist into an Egyptian presidential palace long inhabited by secular military men, it will promote alongside him another improbable figure: a first lady who wears a conservative veil and spectacles, not jewels and makeup.

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UN rights chief urges calm in Khartoum

Posted: 28 Jun 2012 12:07 PM PDT

Navi Pillay urges Sudanese government to refrain from "heavy-handed suppression" against anti-austerity protesters.


China spacecraft returns to Earth

Posted: 28 Jun 2012 11:57 AM PDT

China's Shenzhou-9 is to return to earth with its three crew members following a 13-day mission.


Summit ponders action on Paraguay

Posted: 28 Jun 2012 12:09 PM PDT

South American foreign ministers of the Mercosur bloc gather in Argentina to discuss measures against Paraguay over President Lugo's impeachment.


China spacecraft returns to Earth

Posted: 28 Jun 2012 11:57 AM PDT

China's Shenzhou-9 is to return to earth with its three crew members following a 13-day mission.


Syrian opposition sceptical of new Annan plan

Posted: 28 Jun 2012 11:41 AM PDT

Several groups say they will not accept envoy's plan for "unity government" if it includes President Bashar al-Assad.


Goal: Euro 2012 Live Blogging: Italy 2 Germany 0

Posted: 28 Jun 2012 01:16 PM PDT

The Germans face their toughest test in Warsaw, where they are playing Italy for a place in the Euro 2012 final.


Vivendi boss leaving over dispute

Posted: 28 Jun 2012 11:41 AM PDT

The boss of French media and telecoms group Vivendi is quitting his job following a dispute with his board over the company's future strategy.


Vatican Bank opens doors to media

Posted: 28 Jun 2012 11:30 AM PDT

The Vatican Bank has invited in journalists as part of moves to boost transparency, amid a scandal surrounding the Vatican's financial affairs.


United Technologies acknowledges coverup of sale of military software to China

Posted: 28 Jun 2012 11:16 AM PDT

United Technologies, a major defense contractor, and two of its subsidiaries on Thursday acknowledged covering up the illicit sale of sensitive military software to China — technology that the country later used to develop its first attack helicopter.

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French government to cut staff, operating costs: PM

Posted: 28 Jun 2012 12:40 PM PDT

PARIS (Reuters) - France's new Socialist government will cut staff at most ministries by 2.5 percent annually for the next three years as it seeks to reduce its budget deficit to meet European Union targets, the prime minister's office said on Thursday.


Fast and Furious Holder Contempt Citation Near

Posted: 28 Jun 2012 11:10 AM PDT

With Republicans in control of the House, a contempt citation for Attorney General Eric H. Holder Jr. over documents relating to a gun trafficking investigation seemed certain.


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