Tag Archives: street-journal

Murdoch closes paper as free news squeeze begins

Rupert Murdoch’s News International, which plans to begin charging for online content, said Thursday it was to close its free London newspaper as part of cost-cutting measures. The Londonpaper, which employs 60 editorial staff, will cease publication within a month, according to a statement. “The strategy at News International over the past 18 months has been to streamline our operations and focus investment on our core titles,” James Murdoch, who heads his father’s Europe and Asia operations said

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Obama and Cabinet to assess performance at 6-month mark

Halfway through the first year of his historic administration, President Obama will give himself an early report card this weekend, assembling his Cabinet officials to review their performance and set new goals for the months ahead. All 22 Cabinet-rank officials will meet to discuss “priorities for the administration’s agenda moving forward,” a White House official said. Obama and Vice President Joe Biden will kick off the two-day assessment with a dinner for the Cabinet on Friday evening at Blair House, the building across the street from the White House that hosts many foreign dignitaries when they visit Washington.

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Deutsche Bank in ‘spying’ claims

Deutsche Bank confirmed Tuesday that it is facing a possible criminal investigation into spying allegations. According to media reports, the German banking giant is accused of spying on a small group of managers and a “critical shareholder” during a probe into possible breaches of data security

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Will Chinese consumers rescue world economy?

When CEOs and professional investors in developed economies go to bed these days, some may pray for protection from markets in turmoil, share prices in the cellar and angry financial gods bringing fire and brimstone with every check of their Bloomberg terminal or the front pages of The Wall Street Journal. “Spend, China,” they whisper.

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