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Business - Cable, `Deadpool` help Fox earnings meet forecasts

(Reuters) - Twenty-First Century Fox Inc reported quarterly earnings in line with Wall Street expectations as the company`s cable channels brought in higher affiliate fees and ad revenue while its movie studio turned out blockbuster film `Deadpool.` Fox, owner of cable networks Fox News Channel and FX, reported a better-than-expected 5.7 percent rise in adjusted revenue for the quarter that ended in March. Excluding items, the company earned 47 cents per share, in line with projections from analysts polled by Thomson Reuters I/B/E/S. Revenue from the cable network business, which accounts for more than half of Fox`s total revenue, rose nearly 10 percent to $3.94 billion in the quarter. Total day and primetime ratings for Fox News topped all U.S. basic cable channels from January through March, the first time in the network`s history that it has led basic cable in both categories for a full quarter, according to Nielsen data.

Wednesday, May 04, 2016  23:47


World - Nyquist draws No. 13 post as early 3-1 Kentucky Derby fav

LOUISVILLE, Ky. (AP) Nyquist has been made the early 3-1 favorite for the 142nd Kentucky Derby, with Exaggerator the second choice in the full field of 20 horses.

Wednesday, May 04, 2016  23:11


Business - Vine`s Windows 10 app is a great way to watch its short videos

Wednesday, May 04, 2016  23:11


World - British ex-MEP jailed over expenses fraud

A former member of the European Parliament (MEP) was on Friday jailed for four years in Britain for falsely claiming more than £100,000 ($146,000, 128,000 euros) in expenses. Peter Skinner, a British MEP for the Labour party between 1994 and 2014, was convicted of fraud, false accounting and making a false instrument. Prosecutor Jonathan Davies said the total lost to the European Parliament was £132,434.02, and the judge agreed that it was `in excess of £100,000`.

Friday, April 29, 2016  22:00


World - Royal Bank of Scotland says doubles quarterly net loss

Britain`s state-rescued Royal Bank of Scotland on Friday said net losses more than doubled in the first quarter owing to an exceptional payment back to the government. Losses after tax in the first three months of the year stood at £968 million ($1.4 billion, 1.2 billion euros), which compared with a net loss of £459 million in the first quarter of 2015, RBS said in an earnings statement. `An attributable loss of £968 million included payment of the final Dividend Access Share (DAS) dividend of £1,193 million to the UK government,` RBS said.

Friday, April 29, 2016  08:57


World - Opportunity, uncertainty await Premier League champions Leicester

As Leicester City`s supporters awoke on Tuesday, fuzzy of head and bleary of eye after celebrating their fairytale Premier League triumph, the club were already entering a new sporting and financial dimension. It is estimated that Leicester`s 5,000-1 success could be worth around £155 million ($227.5 million, 196.4 million euros) in revenue to the modest east Midlands club, up from £104.4 million for last year. The title, the first in Leicester`s 132-year history, means Champions League football next season and access to lucrative global sports markets, but it also brings with it a dizzying change of status.

Tuesday, May 03, 2016  15:02


World - Vokes sends Burnley back to the Premier League

Burnley returned to the Premier League at the first attempt as a 1-0 win over QPR at jubilant Turf Moor sealed promotion from the Championship on Monday. Sean Dyche`s side kicked off knowing a lucrative place in the top-flight, worth an estimated £180 million ($264 million) was within touching distance after promotion rivals Brighton were held to a draw by Derby earlier in the day. With Middlesbrough, the other of the three teams battling for automatic promotion, having drawn at Birmingham on Friday, the path to promotion was clear for Burnley and Sam Vokes ensured they completed the journey with his 61st minute winner.

Monday, May 02, 2016  19:26


World - F1 driver Rosberg quickest again ahead of Hamilton

Nico Rosberg topped the times ahead of his Mercedes team-mate and defending three-time world champion Lewis Hamilton in Friday`s opening free practice for this weekend`s Russian Grand Prix. Four-time champion German Sebastian Vettel was third-fastest for Ferrari ahead of his team-mate, the Finn Kimi Raikkonen, the leading teams proving again that they have established themselves at the front of the field. For Rosberg, it was confirmation that he can maintain his current supremacy over Hamilton after winning six races in succession, including three last season - a run that has lifted him 36 points clear at the top of the title race.

Friday, April 29, 2016  10:29


World - South Africa`s Zuma to weigh court ruling against him: presidency

South African President Jacob Zuma has noted and will give consideration to a court ruling that a 2009 decision to drop 783 corruption charges against him should be reviewed, the Presidency said on Friday. `These charges were formally withdrawn by the High Court in Pietermaritzburg during April 2009 and as such there is no pending litigation before court against President Zuma,` Zuma`s office said in a statement.

Friday, April 29, 2016  12:00


World - South African court orders review of decision to drop Zuma corruption charges

South Africa`s High Court ruled on Friday that a 2009 decision to drop 783 corruption charges against President Jacob Zuma was irrational and should be reviewed, another setback for the scandal-ridden leader who faces calls for his resignation. The decision in April 2009 to set aside the charges allowed Zuma to run for president in elections the same month. National prosecutor Mokotedi Mpshe`s decision at the time was based on phone intercepts presented by Zuma`s legal team that suggested the timing of the charges against Zuma in late 2007 may have been part of a political plot against him.

Friday, April 29, 2016  11:24

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