At a meeting of European finance ministers in Poland, leaders largely rejected proposals from Treasury Secretary Timothy Geithner on how to rescue the ailing eurozone.
In response to the phone-hacking scandal that engulfed News Corp.'s News of the World, founder Rupert Murdoch said his media empire would have a new code of ethics. It could help – if managers are serious about enforcing the rules, media experts say.
In London Saturday, Rupert Murdoch issued full-page apologies for the phone-hacking scandal that has hit his media empire. Critics say his free-wheeling and politically conservative approach may have affected US journalism as well.
The tawdry depths of the phone hacking scandal surrounding Rupert Murdoch's media empire have shocked the UK public and exposed the heights of his political influence.
Michael Wolff, author of a 2008 Murdoch biography, says the hacking scandal could take down Rupert Murdoch's son James and perhaps Les Hinton, one of Murdoch's longest-serving lieutenants.
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.
Dow rises 75 points as stocks put together a three-day rally. But Microsoft falls after it announces purchase of Internet calling company Skype.
Technology stocks rallied, and the blue-chip index reached a high of nearly three years
GE hoax, devised by a group of imposters who sent out a fake press release, tricked the Associated Press and Dow Jones news wires into publishing an incorrect story about how GE would give a $3.2 billion tax refund to Washington. Can the scammers behind the GE hoax hurt business?