Word: corpe
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...have surely heard, the three dozen cousins who have a hand in voting the shares inherited from Jessie Barron face a momentous decision. Rupert Murdoch's News Corp. has offered to buy them out at a staggeringly high price--$60 a share, or 75% higher than the market was valuing Dow Jones before the offer. The Bancrofts' initial answer was no, but there is disagreement within the family. If Murdoch ups his bid, anything could happen--and the current betting on Wall Street is that something will...
Which leaves Murdoch. As he emphasized in a letter to the Bancrofts, his company is a family enterprise too . He inherited Australia's Adelaide News from his father in 1952, and his children will get his stake in News Corp. It's yet another dual-share setup, with the Murdochs holding (after a share swap currently awaiting regulatory approval) 13% of company stock and 39% of the votes...
...several reasons, this deal may be one of a kind. First, there is the perfect fit of the Journal and Dow Jones brands into the next big venture for Murdoch's News Corp. Having built Fox News into a 24-hour cable news giant, Murdoch is moving into the business news sector, challenging CNBC. The content, expertise and reputation of the Dow Jones properties - including Barron's and the various global Wall Street Journal editions - give him instant muscle for that fight...
...Belt a decade or two ago are coming home. Nearly 18% of people over 60 who moved across state lines say they are returning to their hometown, according to the Census Bureau. Demographers Christopher Briem of the University of Pittsburgh and Peter A. Morrison of the Rand Corp. found that more than one-third of the elderly who moved to Pittsburgh from 1995 to 2000 had relocated from Florida...
Signatures have offered hints about politicians ever since, well, John Hancock. Handwriting Research Corp.'s Mark Hopper evaluates the '08 candidates...