Posted by newfinan | Posted in Financial and Economic News | Posted on 01-10-2010-05-2008
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WASHINGTON â Federal authorities are suing the Fox News Network for allegedly retaliating against a reporter after she complained about unequal pay and job conditions based on her gender and age.
The Equal Employment Opportunity Commission says Fox News Channel reporter Catherine Herridge filed an internal complaint about allegedly discriminatory practices in 2007.
Fox found no evidence of bias, but the EEOC says the network later included language in Herridge’s employment contract intended to stop her from making any more complaints.
Herridge refused to sign the contract. The network agreed to remove the language after she complained to the EEOC.
The EEOC seeks unspecified monetary damages and a court order enjoining Fox from retaliating against other employees.
Posted by newfinan | Posted in Financial and Economic News | Posted on 01-10-2010-05-2008
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News Corp., the parent company of Fox News, contributed $1 million this summer to the U.S. Chamber of Commerce, the business lobby that has been running an aggressive campaign in support of the Republican effort to retake Congress, a source close to the company told POLITICO.
It was the second $1 million contribution the company has made this election cycle to a GOP-aligned group. In late June it gave that amount to the Republican Governors Association.
The parent companies of other media companies such as Disney (which owns ABC) and General Electric (which owns NBC) have also made political contributions, but typically in far smaller chunks, and split between Democrats and Republicans.
Posted by newfinan | Posted in Financial and Economic News | Posted on 28-06-2010-05-2008
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MOSCOW — Russia’s state RIA Novosti news agency is quoting a senior Russian Cabinet official as saying that BP Chief Executive Tony Hayward is expected to resign, a report BP denied.
It quoted Deputy Prime Minister Igor Sechin as saying that Hayward “is leaving his post.” Sechin, who is set to meet with Hayward on Monday, said the BP chief would introduce his successor.
BP spokeswoman Carolyn Copland in London said the report “is definitely not correct.”
Hayward was to assure officials of BP’s viability and discuss issues related to Russian joint venture TNK-BP, which accounts for about a quarter of BP’s reserves and production.
