New York, August 9 (FinanceEnquiry.com) – On Wednesday, News Corp (NASDAQ: NWSA) posted $1.6 billion loss for the quarter ending June. The revenue of the company declined 7 percent to $8.4 billion.
Declining value of the publishing business has been cited as the major reason for the loss. New Corp has decided to separate its publishing business next year into a separately traded company. The Rupert Murdoch-controlled company’s publishing portfolio includes Times of London, New York Post, Wall Street Journal and the HarperCollins.
The operating income from broadcasting as well as publishing group dropped. The cable television programming group contributed operating income of $792 million. The filmed entertainment group generated $120 million whereas the television group earned operating income of $213 million. The publishing group contributed operating income of $139 million.
The stock of the company fell slightly in after-market trading.
New York, May 22 (FinanceEnquiry.com) – According to a fresh survey founded on online activities, Twitter is turning out to be the latest destination for online social media users, in particular the adolescent...Nikkei Share Average Inches Up to 5-1/2-year High - May 21, 2013
New York, May 21 (FinanceEnquiry.com) – Since retail investors scooped up underperforming stocks for instance Sharp Corp and Tokyo Electric Power Company, Incorporated, due to this, Nikkei share average...World Stock Markets Mount on Indications of Firm US Upturn - May 20, 2013
New York, May 17 (FinanceEnquiry.com) – As a result of reduced US sales, Wal-Mart Stores Inc reported feebler -than- anticipated quarterly earnings on May 16 and besides, it also mentioned that its profit for...Feeble Statistics Freshens Anticipation of Further Central Bank Activity; the Dollar Soars - May 16, 2013
New York, May 16 (FinanceEnquiry.com) – Feeble statistics freshened anticipations on May 16 of further central bank activity in Europe, maintaining yield-hungry investors concentrated on the area's stock...West Texas Intermediate Crude Close To Bottommost Level - May 15, 2013
New York, May 15 (FinanceEnquiry.com) – With indications of increasing supplies, West Texas Intermediate crude traded close to the bottommost stage in approximately two weeks. Antitrust regulators are inquiring...Oil Futures Settle Down - May 14, 2013
New York, May 14 (FinanceEnquiry.com) – As weighed by apprehensions over deteriorating demand in China and strong worldwide output, oil futures settled down for the third consecutive session. Futures guided...China Factory Production Expansion was Weak Last Month - May 13, 2013
New York, May 10 (FinanceEnquiry.com) – Finishing five consecutive weeks of falls that sent average rates on a few loan types to fresh record lows, mortgage rates directed higher in the present week on...