A year ago, James Murdoch was promoted to News Corp.’s deputy chief operating officer, moving ever closer to succeeding his father as head of the media company. Now he’s struggling to keep his career alive.
Billionaire investor George Soros’s fight against his 2002 insider-trading conviction in France, over the sale of Societe Generale SA shares, may end tomorrow when the European Court of Human Rights rules on his appeal.
News Corp.’s shareholders have lost $25 billion since Rupert Murdoch offered 14.6 times Dow Jones & Co.’s profit to buy the Wall Street Journal. Now, the billionaire is poised to spend as much as 17 times earnings for British Sky Broadcasting Group Plc.
Westinghouse Solar Inc. said it filed a patent-infringement complaint at the U.S. International Trade Commission seeking to block imports of solar-power systems made by Zep Solar and Canadian Solar Inc.
Rupert Murdoch’s News Corp., which already abandoned its 7.8 billion-pound ($12.5 billion) bid for full control of British Sky Broadcasting Group Plc because of a phone-hacking scandal, is now being challenged on whether it should be allowed to keep its existing stake.
European regulators asked television companies whether News Corp.’s proposed 7.8 billion-pound ($12.6 billion) acquisition of British Sky Broadcasting Group Plc would limit their access to viewers and raise advertising prices.