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  • Board approves News Corp split into two entities Board approves News Corp split into two entities

    WASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...

  • China to allow US auditors access to records of Chinese firms China to allow US auditors access to records of Chinese firms

    BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...

  • Croatia looking to oil exploration in Adriatic Sea to revive economy Croatia looking to oil exploration in Adriatic Sea to revive economy

    ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...

  • Amazon ventures into fan fiction promotion Amazon ventures into fan fiction promotion

    WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...

  • China central bank report promises financial sector reforms China central bank report promises financial sector reforms

    BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...

Movie Review

Fantastic Mr. Fox [Blu-Ray]

Fantastic Mr. Fox [Blu-Ray]

I would hardly be the first critic to note how unsurprising it is that Wes Anderson finally made an animated film, given that all of his previous films, particularly since The Royal Tenenbaums (2001), have essentially been cartoons populated by human actors. The irony is ... ...

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  • Royalty Pharma takeover bid fails to find Elan ecceptance

    DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...

  • UK urged by IMF to bring forward high value spending

    LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

  • Stocks trade flat market ends week lower for the first time since April

    Traders gather at the post of specialist Ronnie Howard, center, on the floor of the New York Stock Exchange Monday, April 29, 2013. Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday May 15, 2013. But lower-than-expected German economic growth disappointed investors elsewhere. (AP Photo/Richard ...

  • Metals and agricultural futures prices slip energy futures end mostly lower

    Metals prices ended slightly lower Friday, as did agricultural futures. Crude oil ended the week down 2 percent as traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. Gold for June delivery fell $5.20 to $1,386.60 an ounce. Other metals prices also fell. July silver fell 1.2 cents to $22.496 ...

  • Energy Stocks Energy stocks fall end week off 0.5

    SAN FRANCISCO (MarketWatch) -- Energy stocks fell Friday, ending the week with a loss of 0.5% as gains earlier in the week cushioned heavy losses in recent trading ...

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