Murdoch’s Humble Pie Reaps $5 Billion for Investors

Almost a year after News Corp.’s phone hacking scandal broke, Chairman Rupert Murdoch has bowed to the unthinkable: splitting off his beloved newspapers. Investors couldn’t be happier.

Commerzbank to Cut 9,600 Jobs, Suspend Dividend
20:26 - Commerzbank plans to cut about 9,600 jobs and suspend dividends in an attempt to restructure its business model and shore up profitability. Bloomberg's Michael Moore reports on "Bloomberg Surveillance." (Source: Bloomberg)
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