MELBOURNE (Reuters) - Rupert Murdoch's News Corp announced sweeping changes in Australia on Wednesday, including job cuts and shrinking the number of its divisions from 19 to five, the latest local media group to restructure in the face of declining ad sales.
Reuters
Asian shares rise as investors bet Fed will 'Twist' again
SINGAPORE (Reuters) - Asian shares rose on Wednesday and the euro clung to most of the previous session's gains as investors bet that Europe's worsening debt crisis and faltering global growth will prompt major central banks to launch a new round of monetary stimulus.
News Corp in $2 billion Australia pay-TV bid; Packer cashes up
MELBOURNE (Reuters) - Rupert Murdoch's News Corp made a $2 billion takeover offer for Australia's Consolidated Media Holdings on Wednesday, boosting top shareholder and billionaire James Packer's warchest as he abandons media in favor of casinos.
Analysis: Deadbeat corporate borrowers? Not in India
MUMBAI (Reuters) - Lenders to India's Hotel Leela, a 5-star chain that is more than two months behind in payments on $700 million of debt, are likely to bite the bullet and amend the loan terms rather than declare it in default, say bankers involved in the talks.
