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Rupert Murdoch calls off proposed Fox-News Corp merger

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Rupert Murdoch has withdrawn his proposal to re-combine Fox Corp and News Corp.

Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son and Fox CEO Lachlan Murdoch that “determined that a combination is not optimal for the shareholders” of either of the companies at the time.

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The withdrawal proposal comes as News Corp has been in advanced discussions to sell its stake in Move Inc., the parent company of Realtor.com, to commercial real estate company CoStar Groupaccording to a person familiar with the matter.

The deal could be valued

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Businesses expect slowing prices, wage increases: BoC survey – Business News

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Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the pandemic, a new survey by the Bank of Canada suggests.

In its business outlook survey released Friday, the central bank said for the first time since the beginning of the pandemic businesses on balance expected slower wage growth over the next year.

Firms on balance also expected their input and output prices to grow at a slower rate over the next 12 months.

“Although firms still see cost pressures and labor

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Kraft Heinz taking the 10-year approach

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NEW YORK — Continually trying to forecast consumer trends 10 years into the future will fuel growth at the Kraft Heinz Co., said Miguel Patricio, chief executive officer. He gave baby food and pet food in China as a way the strategy could have helped in the past.

“If we had done this 10-year plan 10 years ago, we would have understood that birth rates would decrease incredibly, and we would have sold that business, and we would have understood that pet food would increase exponentially because the Chinese are having more pets and less babies,” Mr. Patricio said June

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Onex shareholders approve the plan to replace Gerry Schwartz as CEO

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Shareholders of Onex Corp. have approved a change to its multiple-voting shares that will allow Gerry Schwartz to retain voting control of the company for another three years even as he officially steps down as chief executive.

Schwartz will maintain voting control of the company he has led for 40 years until at least 2026

The Canadian Press ·

Gerry Schwartz is shown at the AGM of Onex standing at a podium.
Gerry Schwartz is the only CEO in the history of Onex Corp. (Nathan Denette/Canadian Press)

Shareholders of Onex Corp. have approved a change to its multiple-voting shares that

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Judge rules against Google, allows antitrust case to proceed – Business News

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A federal judge on Friday rejected a motion from Google to toss out the government’s antitrust case against it.

US District Judge Leonie Brinkema ruled the lawsuit alleging Google wields

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Food storage brand Tupperware warns it could go out of business

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Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops.

In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.”

That same day, Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment to maintain access to the company’s main line of credit.

“If such demand for repayment was to occur, the

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Grocery code to increase ‘fair and ethical dealing’ – Business News

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Grocery code of conduct

The Canadian Press – | Stories: 418686

An industry group set up to hammer out a Canadian grocery code of conduct is getting closer to a final document, even as the way they will enforce its terms remains unclear.

A new working draft of the grocery code viewed by The Canadian Press and verified by two grocery sector sources lays out the fundamental elements of the industry-led accord, which aims to increase “fair and ethical dealing” across the grocery supply chain in Canada.

Still, while a

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Trump arrested? Putin jailed? Fake AI images spread online – Business News

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Arijeta Lajka And Philip Marcelo, The Associated Press – | Stories: 417588

Former President Donald Trump getting gang-tackled by riot-gear-clad New York City police officers. Russian

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