News Corp. board has OK’d split

News Corp.’s board last night agreed to split the company into two publicly traded units, according to a published report. The move, under consideration for years, will separate the company’s entertainment properties, which contain 75 percent of News Corp.’s revenue, from its newspaper, publishing and education assets…

via NY Post: Business http://www.nypost.com/p/news/business/news_corp_board_has_ok_split_yTGJxPOq4N2Ov5GJwhgoaP?utm_medium=rss&utm_content=Business

Street: Facebook stuck at IPO price for year

Now the banks tell us what Facebook’s really worth.An analyst with Morgan Stanley, one of the lead underwriters in the social networking giant’s May 18 initial public offering — which set an IPO price of $38 — said yesterday he believes Facebook shares will rise 15 percent over the…

via NY Post: Business http://www.nypost.com/p/news/business/street_facebook_stuck_at_ipo_price_yrKHeBW1jTIykuayjWcJDI?utm_medium=rss&utm_content=Business

Apple iTunes overhaul

Apple plans an overhaul of iTunes that would mark one of the largest changes to the world’s biggest music store since its 2003 debut, according to people with direct knowledge of the matter. Apple will unveil the changes by the end of the year, said the sources. The world…

via NY Post: Business http://www.nypost.com/p/news/business/apple_itunes_overhaul_6BD1joDBxn4e6WHYWl1xLK?utm_medium=rss&utm_content=%20%20%20%20%20%20%20%20Business

Twitter doesn’t sing in ‘OWS’ court case

Twitter’s court stand is winning the respect of its followers.
Lawyers for the social-media site appeared in Manhattan criminal court yesterday to challenge a court order to turn over the tweets of a user being prosecuted as part of an Occupy Wall Street march last year.
Manhattan District Attorney…

via NY Post: Business http://www.nypost.com/p/news/business/twitter_doesn_sing_in_ows_court_h5Vx068BQNx4CgqQlJAUpM?utm_medium=rss&utm_content=Business

Chest pounding

This Tinseltown tussle would be a hit on the big screen.
Two of Hollywood’s biggest power players — producer Peter Chernin and super-agent Ari Emanuel — have fallen out after a battle over money and turf.
The heavy hitters are at odds, executives close to them say, because just two weeks…

via NY Post: Business http://www.nypost.com/p/news/business/chest_pounding_htDtlaw70IySsxqoQQJUYM?utm_medium=rss&utm_content=Business