Business

Media scion James Murdoch quits News Corp board

Former 21st Century Fox chief executive James Murdoch, son of media tycoon Rupert Murdoch, has resigned from News Corp's board, according to a document released Friday by the US Securities and Exchange Commission (SEC).

Business

Elliott invests $3.2B in AT&T, seeks changes

Activist hedge fund manager Elliott Management is making a new $3.2 billion investment in AT&T, roughly a 1% stake, and calling for changes at the company such as selling assets and paying down debt.