Stocks to Watch: News Corp., Facebook
NEW YORK -- News Corp. (NWSA) is considering splitting into two companies, separating its smaller publishing business from its entertainment businesses, The Wall Street Journal reported, citing people familiar with the situation.
The split would carve off such assets as 20th Century Fox film studio, Fox broadcast network and Fox News channel from News Corp.'s newspapers, book publishing assets and education businesses. News Corp. owns the Journal.
A final decision on the split hasn't been made, according to the Journal. News Corp. Chairman Rupert Murdoch has previously opposed such a move, but has recently warmed to the idea, said one person familiar with the situation.
Facebook (FB) named Sheryl Sandberg, the social-networking company's No. 2 executive, to its board. Sandberg, Facebook's chief operating officer, is the eighth member of the company's board and its first woman. Would Apple Acquire Tesla?
LDK Solar (LDK) posted a loss in the first quarter Tuesday of $135.8 million, or 1.46 cents per American depository share, a reversal from year-earlier profit of $135.4 million, or 95 cents per ADS. Net sales fell 74% to $200 million from $766.3 million a year earlier. Analysts were expecting LDK Solar to post a loss of $1.14 per ADS on revenue of $225.5 million, according to Thomson Reuters. Arena Pharma and the Fat Lady's Song
Apollo Group (APOL), the operator of the University of Phoenix, reported fiscal third-quarter adjusted earnings Monday of $1.20 a share on revenue of $1.13 billion, beating analysts' estimates of a profit of 97 cents a share on revenue of $1.12 billion. Apollo forecast revenue of $4.2 billion to $4.3 billion for fiscal 2012. Facebook: If I'm So Smart, Why Do I Feel So Stupid?
Coinstar (CSTR) said Monday it would record a charge of 40 cents to 50 cents a share in fiscal 2012 on its deal to acquire NCR'ss (NCR) DVD rental kiosk business.
H&R Block (HRB) is seen posting fourth-quarter earnings Tuesday of $2.05 a share.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
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