News Corporation is a diversified global media company. It has operations in eight segments: Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Integrated Marketing Services, Newspapers and Information Services, Book Publishing, and Others. The Company’s activities are conducted in the United States, the United Kingdom, Continental Europe, Australia, Asia and Latin America.
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Recent Sector News
United Parcel Service Inc. (NYSE:UPS) reported higher first quarter earnings Thursday that beat Wall Street estimates, with the package delivery company citing a stronger-than-expected post-holiday season in January as its e-commerce service resonated with customers.
Global shipping company UPS (NYSE:UPS) said Tuesday that second quarter profit rose as revenue increased 1.2 per cent over the year earlier period, but results fell short of analyst estimates, and the company reduced its full year profit outlook.
Carnival Corp. (NYSE:CCL) Friday posted significantly lower second-quarter net income due to losses on fuel price contracts, but expects higher earnings for the year.
Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday to reflect the risk of losses they face from volatile capital markets activities.
United Parcel Service (NYSE:UPS) Monday agreed to pay $6.8 billion for Netherlands-based TNT Express, creating a global integrated package-delivery and logistics network.
Ratings agency Moody's (NYSE:MCO) warned late Wednesday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
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