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Murdoch fallout spreads: Dow Jones CEO Les Hinton resigns

Les Hinton, the chief operating officer of Dow Jones, which publishes The Wall Street Journal, is resigning, the newspaper’s website said late Friday. Word of Hinton’s resignation comes amid an unprecedented wave of scandals that has rocked News Corporation’s British newspaper holdings, forcing the resignation of News International CEO Rebekah Brooks…

Klimt painting stolen by the Nazis expected to sell for $25 million

NEW YORK (Reuters Life!) – A Gustav Klimt landscape stolen by the Nazis and recently restituted to the heirs of its Austrian owner is expected to sell for more than $25 million at auction this Autumn, Sotheby’s said on Friday. Klimt’s “Litzberg on the Attersee” is being sold by Georges…

Chemical industry hooked on TV show “Breaking Bad”

NEW YORK (Reuters) – Watching the success of AMC’s “Breaking Bad” has been a guilty pleasure for the chemical industry. It is a show that likes to wow audiences by explaining to them how a battery can be jury rigged with potassium hydroxide and spare change, and how hydrofluoric acid…

Attorney General Holder formally announces News Corp. probe

U.S. Attorney General Eric Holder said Friday the Department of Justice would launch an investigation of Rupert Murdoch’s media empire at News Corporation, to determine if anyone at the company attempted to spy on or bribe American citizens or officials. “There have been members of Congress in the United States…

Palin film, ‘The Undefeated’ debuts Friday in some U.S. theaters

A documentary portraying the political story of Sarah Palin debuts Friday in a handful of US theaters, as the right-wing conservative darling remains on the fence about whether she’ll enter the 2012 presidential race. “The Undefeated,” directed by Stephen Bannon, describes Palin through interviews with her admirers and supporters, according…

Murdoch aide Rebekah Brooks resigns amid furor

Rebekah Brooks, the embattled chief executive of media baron Rupert Murdoch’s British newspaper operation, finally resigned on Friday after days of fierce pressure over the phone hacking scandal. The flame-haired Brooks, 43, a former editor of the scandal-shut News of the World tabloid, told staff that she felt a “deep…

Murdoch could be compelled to sell off British newspapers

Rupert Murdoch built his vast fortune selling newspapers, expanding a single daily in his native Australia into a media and entertainment empire that spans the globe. But the phone-hacking scandal in Britain which led to the shock closure of the News of the World is raising the once-unthinkable possibility of a News…

Police arrest former Murdoch executive

LONDON — Police on Thursday arrested another former News of the World executive in connection with the phone hacking scandal at the tabloid owned by Rupert Murdoch, police and reports said. Several British media outlets identified the arrested man as Neil Wallis, 60, the former executive editor and deputy editor…

Murdoch under pressure to face U.K. Parliament

Britain’s deputy prime minister urged Rupert Murdoch Thursday to face questioning by lawmakers over the phone hacking scandal, as pressure grew on his media empire in Australia and the United States. Police in Britain made a ninth arrest in the case as the furore which has led to the closure…

Murdoch drops British Sky Broadcasting buyout

Global media mogul Rupert Murdoch has dropped his $14 billion bid to take control of British Sky Broadcasting (BSkyB), the network reported Wednesday morning. Word of the buyout cancellation comes shortly after British Prime Minister David Cameron announced that his government would investigate whether News Corporation properties engaged in an…

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