News Corp
News Corp
News Corporation (NYSE: NWS) — международный медиахолдинг подконтрольный Руперту Мердоку, который владеет, в частности, кинокомпанией 20th Century Fox, телеканалами Fox News, спутниковыми DTH операторами BSkyB, Sky Deutschland, Sky Italia, Foxtel, информационным агентством Dow Jones ( ...

News Corporation (NYSE: NWS) — международный медиахолдинг подконтрольный Руперту Мердоку, который владеет, в частности, кинокомпанией

20th Century Fox,

телеканалами Fox News,

спутниковыми DTH операторами BSkyB, Sky Deutschland, Sky Italia, Foxtel,

информационным агентством Dow Jones (включая службу Factiva),

а также газетами

The Wall Street Journal,

The Times,

The Sun,

New York Post.

 

В период предвыборной кампании поддерживает Республиканскую партию США.

22 июля Руперт Мердок объявил о своем уходе с поста директора двух компаний, входящих в News Corporation, - News International и Times Newspapers Holdings Limited. Причиной отставки называется предстоящая реструктуризация корпорации.

В 2013 году было создано 21st Century Fox а News Corporation сменил логотип. Вики.

 

...подконтрольная компании Вангард (?)

 

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26 января, 17:45

What Investors Need to Understand About Mobile Apps

Mobile apps have become the cornerstone of many businesses. But if you’re going to profit from them, you need to understand a few things first...

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26 января, 16:02

Dow 20,000 Is Here: What Professional Investors Say Comes Next

After over a month of foreplay, Dow 20,000 is in the rearview mirror. And yet in retrospect, it didn't take long. Deutsche Bank's Jim Reid looks at how Dow numbers were first achieved and how long it took between each 1000 increment. Firstly the Dow only hit 1000 for the first time in January 1987. 5000 was reached in November 1995, 10000 in December 2003 and 15000 in May 2013. This is the quickest ever between round number thousand point increments as it only took 64 calendar days to go from 19000 to 20000. Of course, as the number gets bigger the % gains are smaller and therefore more achievable so this number is a little meaningless. Which is why DB also shows the graph of this and also one showing how long each 10% increase took working back from today's 20000 level. The data goes back to 1900. The average length of time has been 1.9 years. On 7 occasions it's taken more than 4 years and we've annotated these on the graph. Working backwards these were the 4.7 years to April 2011, 5.5 years to August 2003, 18.1 years to October 1982, 4.4 years to March 1950, 18 years to July 1942, 8.8 years to June 1924 and 10 years to September 2015. And while the Dow 20,000 is nothing more than a "law of round numbers" milestone, it has bigger implications. What does it mean to professional investors, Bloomberg asked overnight, and found that it was "mostly a call for caution." The Dow Jones Industrial Average’s taking out of the latest round-number milestone pushed its gain since March 2009 past 200 percent. It also conjured memories of the damage done 17 years ago when the blue-chip index soared past 10,000, a siren song for individual investors seeking to jump into the dot-com euphoria. Another sign of caution:  strategists and money managers surveyed Wednesday by Bloomberg warned about chasing performance this time, citing concerns from stretched valuations to uncertainty over Donald Trump’s policies: history may be on their side. Data on market returns after 1,000-point milestones in the Dow show that while stocks tend to rise more than the historic average a month later, the performance over six- and 12-month periods trailed. Here’s a sampling of what professional money managers are saying: “Once retail comes in, that’s the time to get out.’’ -- Weeden & Co. strategist Michael Purves 20K is more psychologically important for retail investors, who have not necessarily participated in the big rally in the last few years. Institutions would be looking at it with a potential warning sign down the road, particularly if we don’t get any follow-through on earnings momentum. Once retail comes in, that’s the time to get out. That’s the thought process that many intuitions will be considering. “I would sell it if the Dow were a stock” -- Charles De Vaulx, chief investment officer at International Value Advisers The confidence level after Donald Trump’s election has skyrocketed. When confidence shifts so abruptly one way, I always worry it could shift the other way as rapidly. The outlook for the U.S. economy may be brighter, but the issue we have is valuation. I would sell it if the Dow were a stock, and I would want to buy it at 15 to 20 percent lower. I’m not saying I expect the market to go down. My conundrum is investors are not paid enough for risk. “Hedge on any potential downdraft in the stock market.” -- Rich Weiss, Los Angeles-based senior portfolio manager at American Century Investments I don’t think anyone would disagree that our new president and new administration are outsiders, they’re disruptors. By definition, they’re going to make changes, some significant changes. One would expect more volatility, both positive and negative, to come in the coming months. That’s a real conundrum, one that we’ve taken advantage of by purchasing long volatility not for speculative reason, but it provides a nice hedge on any potential downdraft in the stock market. “Like crossing state lines with kids” -- Laszlo Birinyi, the president of Birinyi Associates Historically somebody would have said days like this and numbers like this are like crossing state lines with kids. They get so excited for five minutes and then they ask, where is the next McDonald’s? I would not consider it an indicator of any real substance or significance. You’re starting to see some more participation from some very significant names, which I think is probably as important as the number itself.

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25 января, 17:30

Dow Finally Hits 20,000; Trump Says "Great!"

The President is pleased... Great! #Dow20K https://t.co/wXFhXBLgag — President Trump (@POTUS) January 25, 2017 The Dow Jones Industrial Average has risen over 2,000 points since the pre-Trump lows and finally smashed its way through 20,000 for the first time after treading water for 28 days. Infrastructure plans and executive orders appear top have scare buyers back into the stock market (even though other Trumpflation indicators remain unimpressed). Of course the big driver was Goldman Sachs, which accounts for over 20% of all the gains by itself... 28 days going nowhere but finally we broke it:   The Dow has surged some 2150 points since the election: The Dow’s gains since the election reflects mostly major gains for banks, including shares of Goldman Sachs, which are up 29% and JPM up 21%. In fact, Goldman alone is responsible for 21% of the Dow's increase. Since the start of the year, however, the rally in the two groups has cooled, with investors rotating into Visa and Nike, two stocks that lagged behind from the election to the end of 2016 but are now up by more than 5% in 2017. IBM has also risen by 6% despite disappointing results. The biggest 'dip' since Trump's victory has been 1.3% and the last month has seen the lowest trading range for The Dow in history...   Dow 10 and 15k saw the market oscillate around that level for 6-12 months... (as Art Cashin noted we crossed Dow 10k 57 times before finally leaving it behind)   Since The Fed hiked rates, VIX has collapsed to a 10 handle and the lowest level since July 2014, but the market has trod water for 28 days unable to break Dow 20k until the last two days rampathon...   Bear in mind that The Dow had gone nowhere since Nov 2014 until the election...   Interestingly, while the reasoning for this 2 day surge is a reignition of the trumpflation trade, it appears the USD, inflation swaps, and bonds are not buying it...   Certainly the last 3 days have seen a notable divergence...   Notably S&P 500 also broke to fresh intraday record highs (as did Nasdaq)   And who is responsible for this exuberance... Simple - Goldman Sachs... In fact just 6 stocks account for 50% of the gains - GS, BA, IBM, UNH, HD, & JPM. But since Brexit, banks are the big winners...   So Dow wins the "first to 20" game but National Debt will be there soon...

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24 января, 03:01

Roll over Beethoven: Desert Island Discs stars pick pop over classical

Varying background of modern castaways means Radio 4 show features more diverse range of cultures and musical choicesGuests of the BBC radio programme Desert Island Discs are abandoning classical music selections in favour of pop music and power ballads, according to a survey to mark the show’s 75th anniversary. The Radio 4 programme, devised by broadcaster Roy Plomley during the second world war, features celebrity guests discussing their lives and choosing eight pieces of music, as well as a book and a luxury item, they would take with them to a desert island. Continue reading...

23 января, 18:05

Кто из клана Трампов будет управлять Америкой?

Фамилия Trump, которая в переводе на русский означает «козырь», известна в Америке уже как раскрученный брэнд. В семейный бизнес Трампа, охватывающий различные сферы деятельности, вошел весь его многочисленный клан.

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10 января, 22:59

The Guardian view on section 40: muzzling journalism | Editorial

The current political debate about press regulation offers no guide of how to deal with power increasingly concentrated in the hands of internet giants and Rupert MurdochIt was this newspaper’s revelations of phone hacking by parts of the tabloid press that led in 2011 to Lord Justice Leveson’s inquiry into the “culture, practices and ethics” of an industry. The judge heard striking testimony from victims of media mistreatment, many of whom had awful tales of prolonged harassment and gross invasions of privacy. The airing of illegal practices carried out by the press over years led to very public criminal trials. Individuals went to jail. This seems the right way to do things: journalists expose wrongdoing; the agitation it produces is submitted to; and existing criminal and civil law processes kicked in to administer justice. There was a twist. Leveson clearly thought that parts of the press were out of control, and unresisted pressure built up for collective punishment.What we have ended up with is a form of press regulation – enabled by a medieval piece of constitutional nonsense, the royal charter – consisting of small carrots and big sticks. Newspapers can sign up to a state-approved regulator. The only one endorsed so far is Impress, which is hardly independent given it is funded by Max Mosley, a wealthy victim of press intrusion into his sex life. Impress has distinctly unimpressed, failing to attract any significant national or local news outlets. The sanction has been smuggled into section 40 of the Crime and Courts Act. Those that refuse to join a system of regulation would be subjected to a form of unnatural justice: non-cooperative newspapers face paying the legal costs of both sides even in cases they win. This would have a deeply chilling effect on investigative journalism and help make the wealthy and powerful unaccountable. Editors would be forced to think long and hard before confronting anyone with deep pockets, never mind taking on dozens of millionaires who were outed by this newspaper when it published the hidden offshore tax affairs of the super-rich in the Panama Papers. In cases involving national security, where deep source protection sits at the heart of a story, the result would be not just a colder climate but a freezing one. Continue reading...

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10 января, 22:19

Urban Myths director defends casting of white actor as Michael Jackson

Ben Palmer says Joseph Fiennes gives a sweet, nuanced performance in episode of Sky Arts satirical comedy seriesThe director of the upcoming Sky Arts series Urban Myths has defended the casting of a white actor as Michael Jackson, saying the decision was based on performance rather than physical resemblance.The satirical comedy series, which portrays supposed events in the lives of figures such as Bob Dylan, Muhammad Ali and Samuel Beckett, includes a dramatisation of a road trip rumoured to have been taken by Jackson, Elizabeth Taylor and Marlon Brando in September 2001. Continue reading...

10 января, 21:10

HarperCollins to stop selling Monica Crowley's book after plagiarism allegations

Crowley is planning to join Trump's National Security Council

10 января, 06:56

A puzzle for the risk manager

The last two posts were essentially about picking a value-stock portfolio and managing the risk. And they were lessons that I thought I could implement. This is stuff I find harder. So I am looking for your input.--This is the portfolio of a fairly well known value investor in March 2008. I have taken the name off simply because it doesn't help but there was roughly $4 billion invested this way.To put it mildly this portfolio was very difficult over the next twelve months. Sector allocation Positions Banks - Europe 24% Fortis, ING, Lloyds, RBS Banks - Japan 14% Millea, MUFJ, Mizuho, Nomura Banks - USA 8% Bank of America, JP Morgan Technology - PC & Software 18% Linear Technology, Maxim Integrated products, Oracle Semiconductor equipment 14% Applied Materials, KLA Tenecor, Novellus Systems Beer 20% Asahi, Budweiser, Group Mondelo, Heinekin, InBev Media 15% Comcast, News Corp, Nippon Television Other 14% eBay, Home Depot, Lifetime Fitness, William Hill Net effective exposure 127% Shorts -16% Net exposure 111% Cash -11% The PE ratios mostly looked reasonable and all of these positions could be found in quantity in the portfolios of other good investors. Its just the combination turned out more difficult than average.Your job however is to risk-assess the portfolio.Even with the considerable benefit of hindsight how would you analyse this portfolio?What would you say as risk manager that made the portfolio manager aware of what risks he was taking?What would you say if you were a third party analyst trying to assess this manager?What is the tell?Remember the portfolio manager here has a really good record and the "aura" around them. They are smarter than you.And yet with the restrospectascope up there is stuff that is truly bad.They had four European banks making up a quarter of the value of the portfolio. Most European banks went through the crisis hurt but not permanently crippled. Permanently crippled came later with the Euro crisis.The four European banks here (Lloyds, RBS, Fortis, ING) however received capital injections so large that they were effectively nationalised. If you had thrown darts at European banks it might have taken hundreds of rounds to pick four that bad... They could not have been picked this bad by chance - they had to have systematic errors here.There is something really wonky about this portfolio - and it is not by chance - so there was something faulty about the way the portfolio was constructed.JohnPS. It is fair to say some of the portfolio (News Corp for example) was awful in the crisis and came back stronger than ever. And some that I would have thought ex-ante high risk (such as the semi-conductor capital equipment makers) turned out okay - having "ordinary" draw downs in the crisis and recovering them since.PPS. I kept the document this came from because at the time I thought the portfolio was absurd and would end in tears. But some of my thoughts then were wrong too - especially re the semiconductor capital equipment stocks.

09 января, 15:34

Slack, Airbnb, Dropbox и другие претенденты на IPO в 2017 году по версии VentureBeat

Издание VentureBeat опубликовало список из 31 технологических компаний, которые в 2017 году с высокой долей вероятности выйдут на IPO. В него вошли Airbnb, Uber, Dropbox и другие проекты. Редакция vc.ru публикует перевод материала.