News Corp Beats the Street, Plans a Spin-Off
News Corp posted higher earnings, led by strong growth at its Fox television division. The company is spinning off its publishing unit, including The Wall Street Journal.
spinoff
News Corp Results Beat Estimates, Spin-Off On Track
Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks. It plans to spin-off its publishing business.
Time Warner Is Spinning Off Time Inc. Magazines
Time Warner said Wednesday that it will spin off the magazine unit behind Time, Sports Illustrated and People into a separate, publicly traded company by the end of the year.
The Biggest Thing on Sale at Sears? Pieces of Sears
Sear announced this week that it will divest itself of more than 1,000 Hometown and Outlet stores, its latest move to find profits in spin offs. But does Sears have anything left that anyone wants to buy other than pieces of its business?
MetLife Sells Bank Unit to Avoid New Fed Regulations
In order to avoid new federal rules and heightened scrutiny from regulators, MetLife has decided to sell its banking unit. That's a smart move for the nation's largest life insurer, and keeps it on a level playing field with its competitors.
Wendy's/Arby's Group Considers Spinning Off Arby's
Wendy's/Arby's Group, the third-largest U.S. fast food company, said Thursday it is considering selling the Arby's chain to focus on the Wendy's brand. Arby's is the second-largest quick-service sandwich chain in the U.S., but its performance lagged behind Wendy's during the downturn.