Thomson Reuters Corp forecast its corporate costs would more than double for the year but revenue would only increase modestly. The prediction sent shares of the news and information company down 4 percent as investors fretted about earnings growth after it completes a plan to sell a majority stake in its largest unit.
LONDON U.S. group Comcast stepped up its push to buy European pay-TV group Sky on Tuesday, seeking regulatory and political approval even as it manoeuvres for a broader deal with bid rival, Rupert Murdoch's Fox.
LONDON The British government will give its verdict on Rupert Murdoch's 18-month pursuit of Sky by June 13, potentially paving the way for the mogul's Fox to take on Comcast in the battle for the British TV group.
LONDON/NEW YORK U.S. media group Comcast submitted a 22 billion pound($30.7 billion) bid for Sky on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch's Twenty-First Century Fox. | Video
Rupert Murdoch's Twenty-First Century Fox Inc , which agreed in December to sell most of its assets to Walt Disney Co for $52.4 billion, had previously rejected a bid from Comcast Corp over concerns about the regulatory risks and its stock value, a regulatory filing on Wednesday showed.
LONDON Britain's takeover regulator said Walt Disney must offer to buy all of Sky if it acquires Twenty-First Century Fox's 39 percent stake and if Rupert Murdoch's Fox is prevented from purchasing all of the European pay-TV company itself.
LONDON Rupert Murdoch ratcheted up the pressure on Britain to approve his $15 billion-plus bid for pay-TV group Sky by offering to sell or legally separate Sky News, aiming to head off objections the deal could give him too much political influence. | Video
LONDON Four high-profile British lawmakers have called for Rupert Murdoch's Twenty-First Century Fox to be blocked from buying Sky, saying the mogul will be able to influence its news output despite promises to the contrary.
SYDNEY An Australian court on Tuesday threw out part of News Corp's defence against a defamation lawsuit by Geoffrey Rush, a win for the Oscar-winning actor who objected to a series of newspaper articles accusing him of inappropriate conduct.
LONDON Comcast's gatecrashing of Rupert Murdoch's eight-year campaign to buy pay-TV group Sky has sparked a regulatory race with 21st Century Fox.