For a congressman who isn't afraid to start up an investigation, Rep. Darrell Issa (R-CA) sure was cautious when the idea of probing into News Corporation was presented to him.
CANBERRA (Reuters) - The Australian arm of News Corp will have to answer "hard questions" in Australia following the growing phone hacking scandal in the United Kingdom, Australian Prime Minister Julia Gillard said on Wednesday.
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.
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.
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.
News Corporation owner Rupert Murdoch might be replaced by Chief Operating Officer Chase Carey as CEO of the company, but still remain chairman, according to Bloomberg.
