Business Highlights: A summary of the day’s top stories in the business world.
Who are Rupert Murdoch’s children? What to know about the media magnate’s successor and family
NEW YORK — Media magnate Rupert Murdoch is stepping down as the leader of both Fox News’ parent company and his News Corp media holdings, with his son, Lachlan, set to take his place. In addition to the multi-billionaire’s legacy, Murdoch’s family has risen into the spotlight over the years, accompanied by stories of vindictive business tactics and interfamily rivalries.
WASHINGTON — House Speaker Kevin McCarthy’s latest plan to prevent a looming federal shutdown by appeasing his hard-right flank quickly collapsed Thursday. It’s a crushing defeat that makes a disruption in government services almost certain. A government closure is increasingly likely as time runs out for Congress to act.
LOS ANGELES — The average long-term U.S. mortgage rate edged up again this week, another setback for would-be homebuyers navigating an increasingly less affordable housing market. The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.29%.
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Rupert Murdoch Stepping Down As Chairman Of News Corp., Fox; Lachlan Murdoch Sole Chair Of BothRupert Murdoch is stepping dpwn as chairman of the board of Fox and News Corp. in November, the companies said today. He will be appointed Chairman Emeritus of each company. Following the annual sh…
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Rupert Murdoch hands control of Fox media empire to son Lachlan MurdochRupert Murdoch, who became the driving force in American conservative media through Fox News is stepping down from the boards of both News Corp and Fox Corp.
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Meet the New Murdoch, Same as the Old MurdochRupert Murdoch is stepping down as the top decision-maker at Fox News and elevating his son Lachlan. Don’t expect much to change
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Conservative media mogul Rupert Murdoch is stepping down from News Corp, FoxMurdoch has been in the media business for more than 70 years.
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