#AceBreakingNews – June.11: Rupert Murdoch, the 84-year old CEO and controlling shareholder of 21st Century Fox, is preparing to step down as CEO of the media giant and hand that title to his son James, numerous sources close to the Murdoch family told CNBC.com.
An announcement is expected in the near term, although it’s unclear whether the reorganization would take place this year or at the start of 2016. Murdoch will continue to be the executive chairman of Fox, while his son Lachlan would also become an executive co-chairman of the company.
RELATED: Full coverage of Murdoch at CNBC.com
As part of the management reordering at Fox, COO Chase Carey will step down from that role and take on a yet undefined role as an adviser at the company. Carey, who did not return a call for comment, was widely expected to exercise his right to an early release from his current contract, allowing him to leave the company, which he joined in 2009, at the end of this year.
Now, sources tell CNBC, he is likely to remain in some capacity through 2016.
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#AceNewServices says according to a recent news article in CNBC and provided for this purpose by AP, they have said: Why has Goldman Sachs chosen this moment to publicly declare that stocks are overpriced? Why has Goldman Sachs suddenly decided to warn all of us that the stock market could decline by 10 percent or more in the coming months? Goldman Sachs has to know that when they release a report like this that it will move the market. And that is precisely what happened on Monday. U.S. stocks dropped precipitously.
So is Goldman Sachs just honestly trying to warn their clients that stocks may have become overvalued at this point, or is another agenda at work here?
To be fair, the truth is that all of the big banks should be warning their clients about the stock market bubble. Personally, I have stated that the stock market has officially entered “crazy-town territory”. So it would be hard to blame Goldman Sachs for trying to tell the truth. But Goldman Sachs also had to know that a warning that the stock market could potentially fall by more than 10 percent would rattle nerves on Wall Street. Read More: http://www.activistpost.com/2014/01/why-is-goldman-sachs-warning-that-stock.html#more