Fox Corp boosts buyback by $3 billion as World Cup powers earnings
(Reuters) -Fox Corp expanded its share buyback plan by $3 billion on Wednesday and surpassed second-quarter revenue estimates as the FIFA World Cup and the U.S. midterm election boosted the Rupert Murdoch-controlled company’s advertising business. Its shares rose 5% after the company’s first results report since Murdoch last month scrapped a plan to reunite Fox …
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