On London’s Downing Street, home of British prime ministers and at Buckingham Palace, the flags flew at half staff today honoring the death of “a great leader,” in the words of Margaret Thatcher’s Conservative successor, Prime Minister David Cameron.
George Galloway, who was expelled from the U.K. Labour Party under Prime Minister Tony Blair over his opposition to the Iraq War, was unexpectedly re-elected to the House of Commons in a special election in northern England.
Rajat Gupta, the former Procter & Gamble Co. director indicted last year for insider trading, illegally tipped now-convicted hedge fund manager Raj Rajaratnam about P&G’s 2008 sale of Folgers Coffee Co. to J.M. Smucker Co., federal prosecutors said.
News Corp.’s British newspaper unit is close to settling at least 10 lawsuits by politicians, athletes and other prominent victims of phone hacking before the first civil trial over the scandal starts next month.
News Corp.’s British newspaper unit settled at least 15 more lawsuits by victims of illegal voice- mail interceptions at its News of the World tabloid and delayed the first civil trial in the scandal by two weeks.
Actor Jude Law ’s case was chosen to be one of the first heard over phone-hacking at a News Corp. U.K. newspaper after his lawyers claimed that a “senior” News of the World executive might be involved in the practice.