NEW YORK (AP) — News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies.
News Corp. also said Friday that the target date for the split is June 28. The company holding its TV and movie properties will be 21st Century Fox. The new News Corp., a smaller entity, will be focused on newspapers and publishing. Both will be publicly traded.
The board also approved a program...
NEW YORK (AP) — The stock market is heading lower in early trading, putting it on track for its first weekly loss in a month.
An hour after the opening bell Friday, the Dow Jones industrial average was down 59 points at 15,235, a drop of 0.4 percent.
The Standard & Poor's 500 index was down 10 points at 1,640, a fall of 0.6 percent.
The market is headed for its first weekly loss in five weeks. Anxiety over the Federal Reserve...
WASHINGTON (AP) — China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute.
The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the agreement with China on Friday.
The Securities and Exchange Commission has accused about a dozen Chinese companies of accounting fraud and has been...
NEW YORK (AP) — Stocks are opening lower on Wall Street, putting the market on track for its first weekly loss after four weeks of gains.
The Dow Jones industrial average was down 42 points at 15,251 shortly after the opening bell Friday, a loss of 0.3 percent.
The Standard & Poor's 500 index was down seven points at 1,642, or 0.5 percent. The Nasdaq composite fell 16 points to 3,443, or 0.5 percent.
The market is headed for...
BISMARCK, N.D. (AP) — Residents of a northeastern North Dakota city who evacuated their homes when rain-fed floods threatened to overwhelm a nearby dam began returning home Friday, bringing with them a huge sense of relief.
"We didn't dodge a bullet. ... (but) an artillery shell," Cavalier Mayor Kenneth Briese said shortly after the state Transportation Department reopened two state highways into the city. "We're very grateful we're not coming back to devastation."...
SARATOGA SPRINGS, N.Y. (AP) — Mineral springs, gambling and horses.
In this world-famous thoroughbred racing hotbed, the four-legged stars who have drawn people here since the bloodiest days of the Civil War actually took third billing coming out of the 19th-century tourism starting gate, trailing the resort spas and the casinos that offered visitors a diversion in between the taking of the waters.
"The waters brought them first, the casinos second...
BOSTON (AP) — A federal judge has rescheduled a probable cause hearing for surviving Boston Marathon bombing suspect Dzhokhar Tsarnaev (joh-HAHR' tsahr-NEYE'-ehv).
U.S. Magistrate Judge Marianne Bowler on Thursday scheduled the hearing for July 10.
Bowler earlier this week granted a joint request from prosecutors and defense attorneys to postpone the hearing originally scheduled for May 30 until July 2. The lawyers say they need more time to obtain...
WASHINGTON (AP) — U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.
Orders for durable goods, items expected to last at least three years, rose 3.3 percent last month from March, the Commerce Department said Friday. That followed a 5.9 decline in March.
A measure of business investment plans...
The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand.
By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading on the New York Mercantile Exchange.
On Thursday, the Nymex contract fell as low as $92.91 after weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy. It closed...
NEW YORK (AP) — Stock futures are sinking and it appears major U.S. indexes are heading for a down week roiled by corporate earnings, good and bad, and confusion about what the Fed will do next.
Dow Jones industrial futures are down 56 points to 15,233. S&P futures have lost 8.9 points to 1,641.10. Nasdaq futures are down 15.5 points to 2,976.75.
Retail shares are falling, led by Sears, after it posted a big loss late Thursday. Gap is falling...
WHIZ-TV
WHIZscores
