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.

IMF's Obstfeld on World Economic Outlook
50:35 - Maurice Obstfeld, chief economist at International Monetary Fund, discusses the IMF's World Economic Outlook, with a focus on China, the post-Brexit U.K. economy, and the potential economic impact of U.S. President-elect Donald Trump's policies. He speaks with Bloomberg's Mark Barton on "Bloomberg Markets." (Source: Bloomberg)
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