LONDON/SYDNEY One has been closely involved with the family business from his early 20s and is driven to succeed. The other had to be lured back from a decade’s hiatus from the company and has operated at the edges of the empire. Now James and Lachlan Murdoch,... More »
NEW YORK Rupert Murdoch, the 84-year old media baron, will hand over the chief executive reins at entertainment conglomerate Twenty-First Century Fox Inc to his 42-year-old son James, a source familiar with the situation said on Thursday. Fox Chief Operating O... More »
CENTRAL, S.C., U.S. Senator Lindsey Graham of South Carolina, a defense hawk, entered the race for the 2016 Republican presidential nomination on Monday, putting criticism of President Barack Obama’s foreign policy at the forefront of his White House bid. “Tho... More »
SINGAPORE Crude oil futures held steady amid low trading volumes on Monday, although healthy Asian appetite and demand from the U.S. driving season could provide some upside. Front-month Brent crude prices had shed 7 cents to $65.30 per barrel by 0655 GMT. U.S... More »
SAN FRANCISCO The founder of virtual reality glasses maker Oculus VR Inc, acquired by Facebook Inc for $2 billion, has been accused of taking confidential information he learned while working with another company and passing it off as his own, according to a l... More »
OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Om... More »
NEW YORK (Reuters) – For many years, investors have been very tolerant as Amazon.com has sacrificed profits for rapid growth in sales and as it built new businesses. That patience may finally be wearing thin. The average large-cap fund that holds Amazon has 1.... More »
NEW YORK (Reuters) – Activist hedge fund manager Barry Rosenstein said on Monday he wants the share price of chip maker Qualcomm (QCOM.O) to climb and his hedge fund, Jana Partners, plans to work collaboratively with management to find ways to boost it. “We th... More »
LONDON (Reuters) – Oil prices rallied more than 2 percent on Thursday, clawing back part of a 6 percent slump triggered by a jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish. A 10.95-million-barrel surge... More »
