Split’s official

News Corp. split into two companies yesterday. Existing shareholders receive one share in the new News Corp. for every four held in the previous entity. Twenty-First Century Fox and News Corp. will trade publicly starting Monday.

MS gets it all

Morgan Stanley completed its purchase of a brokerage joint venture with Citigroup’s Smith Barney, capping a four-year effort to more than double the size of its wealth-management division.

Jobs shove off

Barclays said it will shift 4,000 more administrative jobs to lower-cost locations to reduce expenses.

Finish-ing up

Finish Line, the athletic shoe and clothing company, reported first-quarter net income that fell 59 percent, but its results easily topped expectations. Its shares rose 3.1 percent, to $21.86.

Chase holdup

The Justice Department is stalling a probe of JPMorgan Chase’s business dealings with convicted Ponzi schemer Bernard Madoff, an inspector general told lawmakers.