While the phone hacking scandal that led News of the World to shut its doors embroils Prime Minister David Cameron, Labour leader Ed Miliband has seized the political - and moral - high ground.
British regulators are now set to review Rupert Murdoch's $12 billion bid to takeover major UK satellite company BskyB. For the moment, his influence and financial fortunes are taking a hit.
Chairman of News Corporation, Rupert Murdoch (r.), and his son James Murdoch, chief executive of News Corporation Europe and Asia, arrive at his residence in London on July 10. Mr. Murdoch's newspaper News of the World ceased publication on July 10, accused of hacking into the mobile phones of crime victims, celebrities, and politicians.
According to the Guardian, the News of the World tabloid not only engaged in phone hacking but also paying police for information. The allegations have touched off debate about the practice.
After a strong week in gains, Friday's jobs report, which put the June unemployment rate at 9.2 percent, pulled stocks down
The News of the World phone hacking scandal has already destroyed the newspaper and could cost 200 jobs. Now, an ex-editor and senior aide to Prime Minister David Cameron is under arrest.
Rupert Murdoch's News of the World, the UK's biggest selling paper, was closed today in a gambit to tamp down spiraling public anger at the tabloid's practices.
Conservatives snapped up a Labour seat in Norwich North in a Friday by-election. Brown has turned for help to self-made billionaire Alan Sugar, putting him in the House of Lords – and naming him ‘enterprise czar.’
New cable channels offer view of diverse continent through Africans’ eyes.