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The Royal Mail just trolled Britain’s socialist leader. It was great

“That’s why it’s so amusing to see a private company troll Britain’s left-wing opposition party, Labour, for demanding the company be re-nationalized” writes Tom Rogan for washingtonexaminer.com. After all, the key showdown between the Royal Mail and its main employee union is over reforms to the company’s pension and working hours schemes. Source: washingtonexaminer.com Share This:

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Murdoch says his newspapers are struggling in digital age

“The majority of Fox shares traded publicly are class A shares, which have no voting rights” reports theguardian.com. Rupert Murdoch say News Corp is not looking to expand its newspaper empire, conceding digital advertising “has been tremendously damaging to print” and some of his papers were struggling.The Murdoch family owns about 39% of the class B voting shares. Source: theguardian.com Share This:

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Narrow Win for Fox Shows Restlessness With Dual-Class Shares

“The majority of Fox shares traded publicly are class A shares, which have no voting rights” writes Min Read for reuters.com. Forty-three percent of votes cast were in favor of eliminating the two classes of shares and giving all shares a vote.The Murdoch family owns about 39 percent of the class B voting shares, according to a proxy from the company, which owns the Fox broadcast network, cable channels and a movie studio. Source: reuters.com Share This:

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Shareholders Take Aim at Murdochs With Fox Voting Rights Push

“The majority of Fox shares traded publicly are class A shares, which have no voting rights” writes Min Read for reuters.com. The Murdoch family owns about 39 percent of the class B voting shares, according to the company’s proxy.The proposal has the support of influential proxy advisory firm Institutional Shareholder Services but is opposed by Fox. Source: reuters.com Share This:

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Lam Research to buy back up to $2 billion in stock, hikes dividend

“LRCX, -0.28% on Tuesday said it will buy back up to $2 billion in shares over the next 12 to 18 months” writes Markets Reporter for marketwatch.com. Its board also approved raising the quarterly dividend by 11% to 50 cents a share.The dividend will be paid on Jan. 10 to shareholders of record on Dec. 6. Source: marketwatch.com Share This:

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Saudi prince sells stake in blow to Murdochs

“A key ally of Rupert Murdoch has sold his stake in 21st Century Fox, leaving the company more vulnerable to a rebellion by shareholders unhappy at the dominance of the Murdoch family” writes Graham Ruddick for theguardian.com. The Nathan Cummings Foundation, a small Fox shareholder, has tabled a proposal to eliminate the shareholding structure that allows the Murdochs to control the company despite their limited shareholding. Source: theguardian.com Share This:

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ADP CEO says Bill Ackman got an ‘ass-whipping’ in proxy vote

“He said before the proxy battle that he would not exit the ADP investment if the shareholder vote went against him” reports nypost.com. If they don’t, we’ll be back next year.” Ackman launched the ADP proxy contest as an underdog, taking aim at a company engaged in the unglamorous business of providing human resources technology and largely backed by Wall Street. Source: nypost.com Share This:

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The CVS-Aetna Merger Hinges on One Question: What Do Consumers Get Out of It?

“The Department of Justice (DOJ) will be setting important case law with its treatment of this vertical merger” reports hbr.org. The Department of Justice will be setting important case law with its treatment of this vertical merger.This vertical merger will be murkier, but perhaps more consequential.The crux of the matter is whether vertical mergers — between a buyer and its supplier — are better for consumers than horizontal mergers between two sellers.The proposed merger of CVS and Aetna will test what it means today to create value in business. Source: hbr.org Share This:

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