NOW MURDOCH FACES U.S. BOMBARDMENT

As if Rupert Murdoch did not already have enough turmoil to deal with as his British news unit faces increased scrutiny from police and politicians following the recent phone-hacking scandal, now a significant revolt is developing among some of his chief U.S. shareholders. On Tuesday the shareholders, who include Amalgamated Bank, New Orleans Employees’ Retirement […]

BANK ACCUSES MURDOCH OF NEPOTISM

New York-based Amalgamated Bank and Illinois-based Central Laborers Pension Fund have filed lawsuits in Delaware Chancery Court charging that Rupert Murdoch’s News Corp’s planned $675-million acquisition of Elisabeth Murdoch’s Shine television company violates, in the words of the Amalgamated suit, “the entire fairness standard both on the basis of price and process.” Amalgamated is the […]