Latest News Corp News

Carnival, Smart Global rise; Genworth, Lamb Weston fall

Apr. 07, 2021 16:56 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Genworth Financial Inc., down 13 cents to $3.38. The insurer pulled the plug on its long-delayed $2.7 billion sale to China Oceanwide Holdings Group. ...

Credit Suisse, People's Bancorp fall; Boeing, Bluebird rise

Mar. 29, 2021 16:50 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Boeing Co., up $5.65 to $250.52. Southwest Airlines ordered 100 of the airplane maker's 737 MAX aircraft. Credit Suisse Group AG, down $1.48 to...

News Corp. buys Houghton Mifflin Harcourt books division

Mar. 29, 2021 11:44 AM EDT

NEW YORK (AP) — In the latest news of consolidation in the literary world, Rupert Murdoch's News Corp. announced Monday it's buying Houghton Mifflin Harcourt's book-publishing division, which includes such blockbuster releases as J.R.R. Tolkien's “The Lord of the Rings” trilogy and...

News Corp strikes Facebook pay deal for Australian news

Mar. 15, 2021 21:25 PM EDT

CANBERRA, Australia (AP) — News Corp and Facebook have reached pay deals for news in Australia three weeks after the government passed laws that would make digital giants help cover the costs of journalism. The New York-based news business that operates mainly in the...

Facebook signs pay deals with 3 Australian news publishers

Feb. 25, 2021 21:26 PM EST

CANBERRA, Australia (AP) — Facebook announced on Friday preliminary agreements with three Australian publishers, a day after the Parliament passed a law that would make the digital giants pay for news. Facebook said letters of intent had been signed with independent...

Australia passes law to make Google, Facebook pay for news

Feb. 24, 2021 22:06 PM EST

CANBERRA, Australia (AP) — Australia’s law forcing Google and Facebook to pay for news is ready to take effect, though the laws' architect said it will take time for the digital giants to strike media deals. The Parliament on Thursday passed the final amendments to...

Unfriended no more: Facebook to lift Australia news ban

Feb. 23, 2021 12:44 PM EST

CANBERRA, Australia (AP) — Facebook announced Tuesday that it would lift a ban on Australians viewing and sharing news on its platform after it struck a deal with the government on proposed legislation that would make digital giants pay for journalism. The social media...

Facebook makes a power move in Australia - and may regret it

Feb. 19, 2021 14:22 PM EST

For years, Facebook has been in a defensive crouch amid a slew of privacy scandals, antitrust lawsuits and charges that it was letting hate speech and extremism destroy democracy. Early Thursday, though, it abruptly pivoted to take the offensive in Australia, where it lowered the boom on...

Australian leader urges Facebook to lift its news blockade

Feb. 19, 2021 06:03 AM EST

CANBERRA, Australia (AP) — Australia’s prime minister on Friday urged Facebook to lift its ban on news access for Australian users and return to the negotiating table with media organizations, warning that other countries would follow his government’s example in making digital giants...

EXPLAINER: What's up between Google, Facebook and Australia?

Feb. 18, 2021 20:25 PM EST

BEIJING (AP) — For two decades, global news outlets have complained internet companies are getting rich at their expense, selling advertising linked to their reports without sharing revenue. Now, Australia is joining France and other governments in pushing Google,...