News Corp. (NWS) announced that it has settled with Valassis Communications Inc. for $500 million in a lawsuit filed against the company's News America Marketing unit that was scheduled to go to trial in a Michigan federal court on February 2, 2010.
The settlement also covers the $300 millionValassis was awarded in July in a Michigan circuit court that is currently on appeal and a pending state court case in California.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.