The U.S. Postal Service, demonstrating the depth of its financial abyss, set up a possible showdown with Congress by saying it will stop mail service on Saturdays regardless of whether lawmakers approve.
News Corp., trying to rebuild investor confidence after a phone-hacking scandal, may raise its quarterly dividend by 20 percent when the company reports earnings tomorrow, according to data compiled by Bloomberg.
Beacon Capital Partners Inc. is considering alternatives to selling News Corp.’s headquarters in Manhattan after bids came in for less than its $1.9 billion target price, three people with knowledge of the matter said.
Stockholders at News Corp., the media company under fire for a phone-hacking scandal at one of its London newspapers, asked to meet with the company’s lead independent director on ways to restore investor confidence.
News Corp.’s independent directors, obligated to assess Rupert Murdoch and other top executives’ handling of the company’s phone-hacking scandal, are relying for guidance on Viet Dinh, a board member with personal ties to the Murdoch family.