Voters Support News Corp. Shift to US
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Rupert Murdoch&#39;s plan to move his News Corp. global media empire&#39;s major share listing from Australia to Wall Street won overwhelming shareholder approval Tuesday at the company&#39;s annual general meeting.
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Rupert Murdoch&#39;s News Corporation has offered a package of concessions to appease shareholders who fear the tycoon would be given too much power over the media empire by shifting its domicile from Australia to the United States.
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The move is an important step toward a purchase by the News Corporation of The Wall Street Journalâs owner, Dow Jones.
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A date has been announced for the inclusion of Rupert Murdoch&#39;s News Corporation in a key share market index in the United States.
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Rupert Murdoch has won a key vote allowing his News Corporation media empire to move its headquarters away from his native Australia and into the US.
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SYDNEY: News Corp. Ltd&#39;s controversial plan to relocate to the United States received a boost after a group representing 32 Australian superannuation funds said it will urge members to support the move.
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Australian shareholders had two significant excuses for a protest vote as News Corporation sought to shift its domicile from Australia to Delaware.
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Buckling under investor pressure, Rupert Murdoch&#39;s News Corp. Ltd. agreed on Thursday to stick to Australia&#39;s tough corporate governance standards when it moves its legal base to the United States.
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The proposed transfer of News Corporation&#39;s domicile and primary listing to the US is almost certainly in the long-term interests of the group and its major shareholders, the Murdoch family.
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NEWS Corporation has discussed swapping its MySpace internet social network site for a 25% stake in an enlarged Yahoo. Rupert Murdoch, chairman of News Corp, is reportedly ready to give up control of MySpace in return for a significant stake in a much larger internet business.
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News Corp. said Wednesday it may change its constitution to appease Australian investors still undecided about its proposed move to the United States.
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MUMBAI: The Rupert Murodch owned media conlgomerate News Corporation has announced that its shareholders and optionholders have approved the companyâs reincorporation in the US.
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Rupert Murdoch&#39;s News Corp. will strengthen corporate governance provisions to ease concern among investors who threatened to vote against the company&#39;s proposed move to the US if shareholder rights were diminished.
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SYDNEY - Rupert Murdoch&#39;s News Corp is to consider moves to strengthen its corporate governance, in the face of growing shareholder concern about its relocation to the United States.
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TONY EASTLEY: US investors have reacted with caution to a move by media mogul, Rupert Murdoch, to shore up his family&#39;s holdings in News Corporation.
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DAVID HARDAKER: Last night, Adelaide&#39;s Lord Mayor gave Rupert Murdoch the keys to the city, and today News Corporation investors handed him a ticket to Delaware when it approved the company&#39;s plans to move to the United States.
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Eric Barkas City Editor SHAREHOLDERS in the pay-TV company BSkyB have cleared the way for Rupert Murdoch&#39;s News Corp to increase its stake.