News Corp. Chairman Rupert Murdoch agreed to testify before the U.K. Parliament a second time as London police sought a recording of him discussing probes of bribery and phone-hacking at company newspapers.
Dubai’s benchmark stock index slumped to its lowest in more than a month, leading declines in the Middle East, amid an emerging-market rout after China signaled it will maintain efforts to curb credit.
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.
Prices of the rare earths used in lasers and plasma televisions more than doubled in the past two weeks as China tightens control of mining, production and exports, according to market researcher Industrial Minerals.