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.
The phone hacking inquiry broadened Friday with a police raid on the Daily Star Sunday and allegations that News of the World broke into a Scottish politician's voicemail.
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.
Rupert Murdoch's News of the World is being investigated for using private investigators to eavesdrop on the phones of a missing 13-year old and families grieving over the 7/7 terrorist attack in London.
MySpace, once the king of the social media heap, has been sold for a price unthinkable just a few years ago.
Mark Zuckerberg, Eric Schmidt, and other digital executives met in Paris for the 'e-G8' to discuss regulation of the Internet.