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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…

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…

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…

Murdoch aide Brooks ‘arrested’ in phone hack scandal

British police on Sunday reportedly arrested a former top aide to Rupert Murdoch, Rebekah Brooks, over the hacking scandal that has led to calls for the break-up of the media mogul’s empire in the country. Brooks, 43, who resigned on Friday as chief executive of Murdoch’s British newspaper wing on…

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 in Britain as News of the World prints final edition

Britain’s News of the World was published for the last time on Sunday after the tabloid was axed amid the phone-hacking scandal, as its owner Rupert Murdoch flew in to take charge of managing the crisis. After 168 years of scoops and scandals, Britain’s top-selling weekly newspaper hit newsstands for…

Murdoch to close News of the World over phone hacking scandal

British tabloid News of the World will print its last issue on Sunday, closing down after an investigation revealed it had participated in the phone hacking of celebrities, British politicians, the families of terrorist attack victims, dead soldiers and others. According to Sky News, the closure was announced on Thursday…

Murdoch paper ‘phone-hacked’ families of dead soldiers

The phone hacking scandal at the Rupert Murdoch-owned tabloid the News of the World deepened on Thursday after reports that relatives of dead soldiers may have been targeted. The families of troops killed in Iraq and Afghanistan said they were appalled by reports in The Daily Telegraph that their phones…

Rep. Weiner tells friends he will resign: report

NEW YORK (Reuters) - Representative Anthony Weiner has told friends he is stepping down after an Internet sex scandal, The New York Times reported on Thursday. Fellow congressional Democrats have pressured him to quit the House of Representatives and spare the party further embarrassment after he admitted sending lewd photos of himself to a number of women. (Reporting by Daniel…

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