News Corp Hires Allen & Co To Seek MySpace Sale -Source

NEW YORK -(Dow Jones)- News Corp. (NWS, NWSA) has hired Allen & Co., the media investment banking firm, to explore a sale of social-networking site MySpace, according to a person familiar with the matter.

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Source: FOX Business

New Synovus executive Allen Gula Jr. puts focus on growth and expansion, not acquisition
As a banking industry executive, Allen Gula Jr. has followed the plight of Synovus Financial Corp. through the years. He knows the company has struggled mightily with loan losses, an anemic stock price...
2 community banks hired chief financial officers
North Jersey, Bogota savings beef up management to deal with growth
Justin Timberlake named Myspace creative director
Justin Timberlake, who is taking an undisclosed financial stake in Myspace, said in a statement: "There's a need for a place where fans can go to interact with their favorite entertainers, listen to...
Thursday newspaper round-up: LSE/TMX, Myspace, Banking jobs...
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Consultants hired for city bond work
Fort Wayne will hire two financial consultants to help it borrow millions of dollars to improve its water and sewer utilities. The Board of Public Works on Wednesday approved agreements with Crowe Horwath...
Morgan hires high-net-worth leader from B. of A.
Morgan Stanley MS has recruited Michael Brakey from Bank of America Corp. BAC as head of high net worth lending in its latest move to build up its private banking unit. In an internal memorandum reviewed...
Toll Asia unit said to hire banks for $950m facility
Toll Holdings Ltd.’s Asia unit hired DBS Group Holdings and Westpac Banking Corp. to help it borrow $950 million, according to a person familiar with the matter. The loan, a multi-part revolving credit...