Investors bet on refocused News Corp post-BSkyB
Wednesday, July 13, 2011 - 14:30
in Mathematics & Economics
LOS ANGELES (AP) -- News Corp.'s stock rebounded on Wednesday after the media company said it is dropping its $12 billion bid for British Sky Broadcasting. Investors returned their focus to the company's ballooning cash balance, with hopes that it will shed ownership of all its U.K. newspapers as the company tries to contain damage from a phone-hacking scandal....