Saturday, May 25, 2013
 
 

By Jennifer Saba

(Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations.

The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows in the future.

The charge will be taken
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By Ilaina Jonas

NEW YORK (Reuters) - General Growth Properties Inc <GGP.N> has paired with Brookfield Office Properties Inc <BPO.TO> to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate m...
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By Caroline Valetkevitch

NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path.

Next week could make it harder to figure out, considering that th...
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MEXICO CITY (Reuters) - Mexico is considering imposing retaliatory trade measures on the United States in a dispute over the fairness of U.S. rules requiring meat to carry labels that specify its origin, the country's economy ministry said on Friday.

Mexico said new U.S. rules for meat...
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(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday on bank fraud conspiracy and other charges for concealing loan losses in a scheme that contributed to he bank's 2011 collapse.

Edward Woodard, the former chief exec...
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(Reuters) - Billionaire investor Paul Tudor Jones, who riled both Wall Street and Main Street when he said that women will never quite rival men in investing or trading, apologized on Friday, noting that he has encouraged his daughters to pursue careers on Wall Street.

Much of my adult li...
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By Jessica Dye

NEW YORK (Reuters) - Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law.

The lawsuit seeks to give the...
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