Media giant News Corporation sees its quarterly profits fall 22% on the back of the sale of the MySpace website.

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Sale of MySpace knocks News Corp

There’s another vacancy in Muammar Gaddafi’s beleaguered regime. According to Tunisian officials, Shokri Ghanem, the chair of Libya’s National Oil Corporation, has fled across the border. It’s yet another blow for Gaddafi’s regime, which has seen a…

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Libyan Oil Chief Defects

The formerly withholding Murdoch empire is about to start shedding some light on its political dealings: Starting this summer, News Corporation will disclose all of its political contributions each year. The company was put in the spotlight last year…

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News Corp. to Disclose Donations

More than 85,000 tickets for this year’s BBC Proms were sold within the first 12 hours of going on sale, the corporation says.

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BBC Prom tickets are snapped up

News Corporation has reported a 21% fall in three-month profits because the film Avatar was making money in the same period last year.

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News Corp hit by lack of big film

Eddie Jordan says that a possible bid from Rupert Murdoch’s News Corporation to take control of Formula 1 would face major problems.

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Potential F1 bid ‘just posturing’

Rupert Murdoch’s News Corporation and an Italian invesment firm linked to Ferrari are working on a possible bid to take control of Formula 1.

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News Corp and Exor reveal F1 plan

Sony Corporation is considering shutting down some of its premises in Japan because of the ongoing power shortages.

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Sony considers two-week shutdown

The BBC’s World Service is too valuable to the corporation’s reputation for its funding to be cut, a government watchdog says.

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World Service ‘should not be cut’

Chancellor George Osborne says his Budget will be good for UK business, as he announces plans to cut Corporation Tax to 23%.

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Osborne cuts Corporation Tax rate

Rupert Murdoch’s News Corporation is given government approval to take over BSkyB after it offers to spin off Sky News.

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BSkyB takeover gets green light

MPs say the Commonwealth Development Corporation should be split up, after a report found it was failing to do enough to help the poor.

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Calls to split development fund

News Corporation has proposed spinning off the Sky News unit, in an effort to win government approval of its takeover of British Sky Broadcasting.

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DealBook: News Corp. to Spin Off Sky News

That was the sound of the other shoe dropping. Publisher Judith Regan said five years ago that someone at News Corporation had asked her to lie to federal investigators about an affair with Bernard Kerik-but she didn’t say who. Now a new affidavit…

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Roger Ailes Told Employee to Lie

On January 12, 2011, the investment world thrilled to the announcement that ITT Corporation, one of the top ten US military contractors, will disengage from its “defense” business as part of a planned split into three new companies. The move points to ITT as a possible canary in the coal mine for military contractors, and a signal to those of us who want to stop our current wars that the time is right to mount a divestment campaign on the war industry. read more

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Time to Divest From the War Machine; Drones First?