News Corp. executive Greg Clayman, once publisher of the company’s defunct digital newspaper the Daily, has left for a position with the video-sharing site Vimeo, according to executives with knowledge of the matter.
News Corp., which is severing ties with AllThingsD founders Walt Mossberg and Kara Swisher at the end of the year, objected to the terms of the journalists’ contract soon after the media company took over the operation in 2007, two people with knowledge of the matter said.
Southeastern Asset Management Inc., the investment firm that joined Carl Icahn in opposing Dell Inc.’s buyout, acquired a 12 percent voting stake in News Corp., making it the largest shareholder after Chairman Rupert Murdoch.
News Corp., the media company controlled by billionaire Rupert Murdoch, plans to move all its London businesses into offices built together with the Shard skyscraper on the south bank of the River Thames.
Jack Welch, the former chief executive officer of General Electric Co., will stop writing for Thomson Reuters Corp. and Fortune magazine after backlash to his Twitter post suggesting President Barack Obama’s administration manipulated employment data for political gain.
Level Global Investors LP co-founder Anthony Chiasson and two other people were taken into custody as part of the five-year U.S. probe of insider trading at hedge funds, according to two people familiar with the matter.
Warren Buffett’s Berkshire Hathaway Inc. said dividends on its $5 billion in preferred shares of Bank of America Corp. will be taxed at a 14.175 percent rate because the securities will be held in insurance units.