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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…

Reporter who blew whistle on Murdoch found dead

UPDATE: Police: Death of News of the World whistleblower ‘not suspicious’ The reporter who blew open the phone hacking scandals now threatening to topple News Corporation has been found dead in his London home, according to a report in The Guardian. Sean Hoare, who covered show business for the now-defunct…

PM calls emergency parliament session over hacking

Prime Minister David Cameron on Monday bowed to opposition pressure and called an emergency session of parliament as the spiralling phone-hacking scandal claimed the scalp of Britain’s top police chief. As Rebekah Brooks, the former head of Rupert Murdoch’s British newspaper empire, protested her innocence after her arrrest, Cameron defended…

Former Fox News producer claimed network’s ‘Brain Room’ led to phone hacking

A former producer with Fox News claimed in a lengthy essay gaining new traction this week that the conservative television station has a “Brain Room” in its New York headquarters which enables employees to view private telephone records with ease. Though published years ago, the allegations have returned to relevance…

Prime Minister under fire after top U.K. cop resigns amid phone hacking scandal

Update: Cameron said to have met with Murdoch executives 26 times in 15 months Prime Minister David Cameron faced fresh questions on Monday over the phone-hacking scandal convulsing the establishment after Britain’s top police officer quit over his ties to Rupert Murdoch’s empire. Scotland Yard chief Paul Stephenson resigned on…

London police chief resigns over phone hacking scandal

While denying any personal wrongdoing, London’s chief of police Paul Stephenson has resigned his post over connections to a figure in the News of the World phone hacking scandal, the AP is reporting. The resignation stems from criticism of Stephenson for hiring former News of the World editor Neil Wallis…

Critics savage Palin film as audiences stay away in droves

“The Undefeated”, a documentary about former Alaska Governor Sarah Palin opened in some theaters across the country this weekend and, if critics are to be believed, it is truly awful. Politico has a round-up of reviews, many of which feature the word “bombast” and include sentiments like this one, expressed…

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