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Yahoo

Business - SEC says Wal-Mart can omit shareholder proposal on staff `engagement`


The proposal was submitted by Connecticut Treasurer Denise Nappier in December. The Securities and Exchange Commission sided with Wal-Mart`s assertion that it could be omitted on the grounds that it had already been `substantially implemented` in other ways by the company, according to the ruling posted on the SEC`s website. `The SEC agreed that it could be excluded again this year on that basis,` Wal-Mart spokesman Randy Hargrove said, referring to a similar version of the proposal that failed to make the ballot last year as well. The fate of the proposal had been in focus after Wal-Mart announced in February that it would raise its minimum wage in a move that was in part aimed at better engaging with and retaining its rank-and-file staff.


Monday, March 30, 2015  23:18

Yahoo

Business - Exclusive: Cablevision to make $1 offer for New York Daily News


U.S. cable T.V. operator Cablevision Systems Corp is planning to make an offer for the New York Daily News as early as this week, valuing the troubled tabloid at just $1, according to a person familiar with the matter. The offer would come one month after New York media and real estate magnate Mortimer Zuckerman said he was considering selling the newspaper and had hired Lazard Ltd to assist with the process. Cablevision`s $1 bid takes into account the New York Daily News` reported $30 million annual loss and $150 million investment in a printing press, and declining circulation that relies heavily on newsstand sales rather than on subscriptions, the source said. Cablevision declined to comment while a representative for the New York Daily News could not immediately be reached for a comment.


Tuesday, March 31, 2015  05:40

Yahoo

Business - Exclusive: Cablevision to make $1 offer for New York Daily News - source


U.S. cable T.V. operator Cablevision Systems Corp is planning to make an offer for the New York Daily News as early as this week, valuing the troubled tabloid at just $1, according to a person familiar with the matter. The offer would come one month after New York media and real estate magnate Mortimer Zuckerman said he was considering selling the newspaper and had hired Lazard Ltd to assist with the process. Cablevision`s $1 bid takes into account the New York Daily News` reported $30 million annual loss and $150 million investment in a printing press, and declining circulation that relies heavily on newsstand sales rather than on subscriptions, the source said. Cablevision declined to comment while a representative for the New York Daily News could not immediately be reached for a comment.


Tuesday, March 31, 2015  05:08

NYTimes

Asia-Pacific - China Acts to Stem Slide in Home Prices


In an effort to lure new home buyers, the minimum down payment for some mortgages was cut and taxes paid on the sale of existing properties shrank.


Tuesday, March 31, 2015  01:23

Yahoo

World - Iran, powers rush for nuclear deal as clock ticks toward deadline


By Louis Charbonneau, John Irish and Parisa Hafezi LAUSANNE, Switzerland (Reuters) - Iran and six world powers ramped up the pace of negotiations on Tuesday ahead of a deadline for a preliminary nuclear deal that was less than 24 hours away, as both sides warned it was crucial to overcome differences that could wreck an agreement. For nearly a week the United States, Britain, France, Germany, Russia and China have been trying to break an impasse in negotiations aimed at stopping Iran from having the capacity to develop a nuclear bomb, in exchange for an easing of international sanctions that are crippling its economy. `We only have a few hours left to get a framework agreement or the job is going to become much, much more difficult.` Officials in the Swiss city of Lausanne said talks on a framework accord, which is intended as a prelude to a comprehensive agreement by the end of June, could yet fall apart. They have set a deadline of midnight on Tuesday for a framework agreement, but officials from all sides say it was possible the talks could run past the deadline.


Tuesday, March 31, 2015  01:56

CNN

Top Stories - Zakaria on Iran: It`s not about trust


CNN`s Erin Burnett speaks with Fareed Zakaria about the Iranian nuclear negotiations.


Tuesday, March 31, 2015  05:23

CNN

Top Stories - A sticking point on Iran`s uranium


Iran refuses to ship nuclear stockpile out of country. CNN`s Jim Sciutto reports.


Monday, March 30, 2015  23:18

Yahoo

Business - Exclusive: Top Fox investors seek to convert voting shares, Murdoch may benefit


By Nadia Damouni and Liana B. Baker NEW YORK (Reuters) - Several top investors in Twenty-First Century Fox Inc are pressing for the right to swap their voting shares for ordinary shares, which are trading at an unusual premium, even though the move could hand even more control of the company to Rupert Murdoch, according to people familiar with the matter. Fox`s dual-class share structure already gives the 83-year-old media mogul control over 39.7 percent of voting rights, even though he and his family hold only a 12 percent equity stake. Several Fox investors, which collectively own 8 percent of voting rights, have been unhappy about the relative performance of their shares since the company delisted from the Australian stock exchange last May, the people said. Historically, the voting shares had traded at a premium.


Saturday, February 07, 2015  14:41

Yahoo

Business - Exclusive: Top Fox investors seek to convert voting shares, Murdoch may benefit - sources


By Nadia Damouni and Liana B. Baker NEW YORK (Reuters) - Several top investors in Twenty-First Century Fox Inc are pressing for the right to swap their voting shares for ordinary shares, which are trading at an unusual premium, even though the move could hand even more control of the company to Rupert Murdoch, according to people familiar with the matter. Fox`s dual-class share structure already gives the 83-year-old media mogul control over 39.7 percent of voting rights, even though he and his family hold only a 12 percent equity stake. Several Fox investors, which collectively own 8 percent of voting rights, have been unhappy about the relative performance of their shares since the company delisted from the Australian stock exchange last May, the people said. Historically, the voting shares had traded at a premium.


Friday, February 06, 2015  22:32

Yahoo

Business - Fox says dollar, shifting viewers to weigh on 2016 profit


Twenty-First Century Fox Inc cut its profit forecast for the next financial year after the dollar strengthened and as more viewers and advertisers swap its broadcast networks for on-demand TV. Shares of the company, helmed by media mogul Rupert Murdoch, fell 6 percent to $32.57 in extended trading on Wednesday. Fox expects a profit in `the mid $7 billion range` for the financial year ending June 2016, Chief Operating Officer Chase Carey said after the company reported quarterly results. Fox had previously forecast 2016 profit of about $8 billion.


Thursday, February 05, 2015  00:50

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