Any change to media ownership rules would impact on them but it is also true the stock has been oversold of late.
"Michael Heffernan" may refer to:
* Michael Heffernan (politician) (1885–1970), Irish politician
* Michael Heffernan (hurler) (born 1989), Irish hurler
More Michael Heffernan on Wikipedia.It's a better look at News Corp. and commodities which is behind (the gains).
But I think people are more worried about what will happen in the U.S. with their interest rates.
Once we get a handle on this (monetary policy) we will do alright because there is plenty of cash around.
Technical analysis will show you unusual trading patterns which might indicate a takeover bid or an institution building up a stake.
With Tokyo down and the Dow futures down there was plenty of reason to sell.
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