House Speaker John Boehner's Plan B Fails: Hot Trends
The company first announced the planned restructuring in June. A statement by News Corp did not specify a date for the planned split.
The phone hacking scandal that took place earlier this year at News Corp's British newspapers has weighed on the business since. The company had to forgo its planned purchase of pay-TV provider BSkyB as a result, and shareholders have been angered by the damage to the company's reputation and the costs it has had to incur as a result.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts