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Verdict in Fraud Case of Theranos Founder Elizabeth Holmes Offers Lessons for Investors
Theranos isn’t the only bad apple out there. Here’s how you can protect yourself and your portfolio from corporate fraud.
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Jury Finds Theranos Founder Elizabeth Holmes Guilty on Multiple Charges in Criminal Fraud Trial
Jurors reached a verdict in the Elizabeth Holmes criminal trial after seven days of deliberations. They found the Theranos founder guilty on four counts.
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Jurors in Elizabeth Holmes Criminal Trial Are Handed Case and Begin Deliberations as Arguments Conclude
After hearing three months of arguments and witness testimony, the jurors deciding the fate of Theranos founder Elizabeth Holmes are beginning deliberations.
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Fox News Mogul Rupert Murdoch and Wife Buy Koch Family's $200 Million Montana Ranch
Rupert Murdoch, the conservative media mogul, is now a cattle rancher, after purchasing a massive Montana property from the Koch family.
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What to Watch Today: Dow Set to Bounce on First Day of December After Big Drop on Omicron Fears
Dow futures started the new month with a big gain, in a continuation of recent Covid-driven seesaw trading on Wall Street.
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Elizabeth Holmes Admits She Went to Rupert Murdoch to Try and Kill WSJ Theranos Story
Theranos CEO Elizabeth Holmes admitted in court that she tried to get News Corp’s Rupert Murdoch to kill a Wall Street Journal story.
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Theranos Investor Betsy DeVos Was Misled by Elizabeth Holmes on the Tech and Financials, Representative Testifies
A rep who manages investments for the family office of Betsy DeVos testified that Elizabeth Holmes was misleading in trying to lure an investment for Theranos.
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Theranos Boasted of ‘Highest Levels of Accuracy' in Mailings to Rupert Murdoch and Other Investors
Daniel Edlin, a former Theranos project manager, testified in Elizabeth Holmes’ trial about presentations made to investors including Rupert Murdoch.
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Elizabeth Holmes' Private Texts Reveal She Described Herself as the ‘Best Business Person of the Year'
CNBC has obtained nearly 600 pages worth of text messages between former Theranos CEO Elizabeth Holmes and Sunny Balwani.
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Piers Morgan to Launch New TV Show in Deal With News Corp
British presenter Piers Morgan will join News Corp and Fox News Media and host a TV show that will air in the U.S., Britain and Australia.
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The Lessons for Investors From the Trial of Theranos Founder Elizabeth Holmes
Theranos wasn’t the only potential bad actor out there. Here’s how you can protect yourself and your portfolio from corporate fraud.
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Elizabeth Holmes, One-Time Billionaire and Media Darling, Goes on Trial
Former Theranos CEO Elizabeth Holmes, once the youngest female self-made billionaire, is facing fraud charges and 20 years in prison if convicted.
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Rupert Murdoch-Funded Fox Corp. PAC Contributes to Democrat Joe Manchin's Campaign
The Fox News parent company’s PAC donated money to moderate Democratic Sen. Joe Manchin’s reelection campaign, a new filing shows.
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Comcast Drops Pursuit of 21st Century Fox Assets, Ending Bidding War With Disney
Comcast says it’s dropping out of the bidding war for Twenty-First Century Fox’s entertainment business, instead focusing on its bid for the U.K.’s Sky. The announcement Thursday leaves the path open for The Walt Disney Co. to buy the Twenty-First Century Fox assets with its $71 billion offer. The Department of Justice has okayed Disney’s bid as long as it...
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Comcast Raises Bid for Sky to $34 Billion, Tops Fox's Offer
Comcast Corp. on Wednesday raised its offer for Britain’s Sky in a deal valuing the pay-TV group at $34 billion, topping a raised bid of $32.5 billion from Rupert Murdoch’s Twenty-First Century Fox.
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How Fox's Businesses Would Match Up With Disney and Comcast
Competing bids from Comcast and Disney for the bulk of Twenty-First Century Fox come as the media landscape changes and companies get more involved in both creating and distributing content. X-Men and other movies from Fox’s studios would help beef up Disney’s upcoming streaming service. Comcast, already a major cable operator, would get a larger portfolio of cable channels including...
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Comcast Announces Plan to Outbid Disney for Fox Assets
Comcast announced Wednesday that it is preparing to trump Disney’s $52.4-billion stock bid to acquire much of Rupert Murdoch’s 21st Century Fox, NBC News reported. Comcast, which owns NBCUniversal, the parent company of this station, did not detail the size of its potential offer but said it would be “all-cash,” according to a press release from the Philadelphia cable giant....
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Challenge to Murdoch: Comcast Also Bids for Sky
Comcast, the owner of NBC and Universal Pictures, has launched a bid for British pay TV broadcaster Sky that threatens to thwart the takeover ambitions of media mogul Rupert Murdoch. The firm is offering 22.1 billion pounds ($29.50 billion) for Sky. The possible cash offer values each Sky share at 12.50 pounds per share, which represents a 16 percent premium...
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‘Fire and Fury' Sales Exceed 1.7 Million
Michael Wolff’s “Fire and Fury” is well on its way to becoming one of the fastest selling nonfiction books in recent years. “Fire and Fury” has sold more than 1.7 million copies in the combined formats of hardcover, e-books and audio, publisher Henry Holt & Co. told The Associated Press on Wednesday. Published less than three weeks ago, Wolff’s tell-all...
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Woman with Complaint Against Fox's Ailes Settles Case
The lawyer for a former Fox News contributor who sued the network for sexual harassment says she has settled her case. Julie Roginsky claimed her Fox career stalled after she rebuffed the advances of late Fox News chief Roger Ailes. A spokesman for her lawyer, Nancy Erika Smith, would give no details about the settlement on Tuesday. Fox did not...