Murdoch says media execs are bearish
News Corp. chief executive said media executives at a Sun Valley conference in Idaho were very bearish about their business. He said that mood was that it would take about five years at least before they saw any growth.
Chevron says profit gains offset by unfavorable currency exchange rates
Chevron Corp reported on Thursday that upstream earnings for the second quarter of 2009, compared with the first quarter, are expected to benefit from rising prices for crude oil, largely offset by unfavorable currency exchange rates. Upstream operations include the recovery and production of crude oil. The results represent a partial two month view of the company's results with another month still to be reported.