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Basketball star Yao Ming retires

Basketball star Yao Ming announced his retirement on Wednesday after a trailblazing career that made him China’s best-known athlete and helped spur the game’s global growth. The towering 2.29m (7ft 6in) star made the announcement, which had been widely expected, during a press conference in his home city of Shanghai…

Piers Morgan seeks apology over phone hacking claim

Former British tabloid editor Piers Morgan has demanded an apology from a lawmaker who made claims about him admitting to phone hacking, at the London hearing which quizzed Rupert Murdoch. In an angry on-air exchange, Morgan, who is now a celebrity interviewer for US television news network CNN, challenged Member…

News Corp to emerge ‘a stronger company’: Murdoch

Embattled Rupert Murdoch on Wednesday vowed News Corp. would bounce back from the phone-hacking scandal, saying he would never tolerate such behaviour at his global media empire. “I want all of you to know that I have the utmost confidence that we will emerge a stronger company,” he said in…

Wall Street Journal: WikiLeaks worse than News of the World

The News Corporation-owned Wall Street Journal blasted “self-appointed media paragons” who were quick to attack the British tabloid News of the World but not the release of classified information by Julian Assange’s WikiLeaks. The tabloid, also owned by News Corp., closed down after an investigation revealed it had participated in…

LulzSec claims to have obtained trove of News Corp. emails

Online hacking group LulzSec said Monday night it had obtained a large cache of emails from the servers of News International, the News Corp. subsidiary which oversees global media baron Rupert Murdoch’s British newspapers. Along with the emails, LulzSec said it had unearthed the email logins and passwords for News…

MPs to grill Murdochs, Brooks over phone hacking

Rupert Murdoch, his son James and former aide Rebekah Brooks faced an extraordinary showdown with MPs on Tuesday over the phone hacking crisis that has rocked Britain and threatens the media mogul’s empire. Until recently the three most powerful figures in the British media, they will answer questions from a…

News Corp shares recover ground in Australia

News Corp. shares recovered some ground on bargain-hunting in Australian trade Tuesday amid reports that under-fire tycoon Rupert Murdoch could step down as chief executive. The stock closed 2.40 percent, or 34 cents, higher at Aus$14.50, with one analyst saying the firm had been oversold, losing about a fifth of…

Wall Street Journal attacks critics of Rupert Murdoch

NEW YORK — The News Corp.-owned Wall Street Journal blasted critics Monday for double standards and insisted that the phone-tapping scandal in Britain should not tarnish all of Rupert Murdoch’s media empire. The powerful Journal, the flagship of Murdoch’s US print operations, also warned that pressure to investigate News Corp.…

Hacking scandal earns News Corp. credit warning

WASHINGTON — Standard & Poor’s on Monday placed News Corp.’s credit rating on a negative watch citing increased business and reputation risks from investigations into the widening phone hacking scandal in Britain. “Since our last research update on July 13, the UK legal process has expanded and pressure from US…

Google suspends ad for book critical of atomic bomb cover-up

A book that delves into the cover-up a film documenting the horrors suffered by victims of the atomic bomb attacks on Hiroshima and Nagasaki has been deemed too violent for Google’s advertising program. Greg Mitchell’s new book, Atomic Cover-Up: Two U.S. Soldiers, Hiroshima & Nagasaki and The Greatest Movie Never…

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