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![]() The Wall Street Journal owner said it was in final phase of talks with a potential acquirer for Amplify, its digital education brand. ![]() News Corp’s fourth-quarter profit topped estimates, helped by cost cuts at news business such as Dow Jones. The company reported higher-than-expected sales for the first time in five quarters as strong demand for its Sally Hansen nail products and Rimmel cosmetics more than made up for declining sales of its perfumes. The department store operator reported lower-than-expected same-store sales for the second quarter as a shift in tax-free holidays to August delayed back-to-school shopping. The network equipment maker reported higher-than-expected quarterly revenue and profit as strong demand for its products in the United States more than offset weakness elsewhere. Chief Executive Elon Musk has indicated an interest in buying nearly 84,000 shares for about $20 million in the offering. The electric-car maker said it planned to raise about $500 million through the sale of 2.1 million shares. The Dow Jones industrial average was up 0.42 percent at 17,474.96, the S&P 500 was up 0.30 percent at 2,092.36 and the Nasdaq Composite was up 0.48 percent at 5,068.367. stock indexes rose in volatile trading on Thursday. (For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" for the Day Ahead newsletter, /mex49s for the Morning News Call newsletter, /nex49s)
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