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.
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.
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.
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.
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.
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.
