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>> AUSTRALIA Latest News

FEB 07, 2013 - Washington Business Journal

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Earnings: News Corp. profits up, Starwood's down, Prudential, Lazard post losses

News Corp.’s quarterly earnings more than doubled, while Prudential Financial and Lazard Ltd. both posted losses for their fourth quarters. Media company News Corp. (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) earned $2.38 billion, or $1.01 per share, in its fiscal second quarter, compared with $1.06 billion, or 42 cents per share, a year earlier. Earnings were lifted by a $1.4 billion gain from the company taking a bigger stake in Fox Sports Australia and Fox Star Sports Asia, as well as $131 million…

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