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Business News

Murdoch to step down as chair of Fox, News Corp.

NEW YORK (UPI) -- Rupert Murdoch will step down as board chair of Fox and News Corp. and be succeeded by his eldest son, Lachlan Murdoch, the companies announced Thursday. Rupert Murdoch, 92, will step down from the roles effective mid-November at which point Lachlan Murdoch will become the sole chair of both companies. "On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his […]

September 21, 2023 66

Business & Lifestyle

Starbucks ceasing newspaper sales beginning in September

SEATTLE (UPI) -- Coffee brewing giant Starbucks announced Friday it will stop selling newspapers in the cafes at U.S. stores in September. Starbucks said the decision was made due to "changing customer behavior." For years, the Seattle-based chain has sold physical copies of The New York Times, USA Today and The Wall Street Journal on cafe newsstands. All three will be removed. "We are always looking at what we offer our customers in our stores and making adjustments," Starbucks spokeswoman […]

July 13, 2019 29

Business & Lifestyle

Sources: CVS Health to purchase Aetna for $69 billion

WOONSOCKET, R.I. (UPI) -- Retail drug store giant CVS Health Corp. on Sunday agreed to buy Aetna Inc. for $69 billion, unnamed sources with knowledge of the deal said. Under the terms of the deal, CVS agreed to purchase the healthcare company for about $207 per share -- $145 in cash and $62 in stock -- sources told The Wall Street Journal. The deal -- if approved by regulators -- could bring some primary care and basic procedure services to CVS' 9,700 […]

December 3, 2017 10

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