The Scandal at News Corp.
Telephone hacking by reporters at Rupert Murdoch's News of the World newspaper have thrown News Corp. under a harsh spotlight and scuttled the media conglomerate's $12.5 billion bid for a UK broadcaster
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Updated 2 hours, 43 minutes ago
William C. Cox Jr., the patriarch of the Bancroft clan that controlled Dow Jones & Co. for 105 years and sold it to News Corp. after Rupert Murdoch’s bid sparked a family feud, has died. He was 82.
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“Iron Man 3,” the superhero movie from Walt Disney Co.’s Marvel division, looks set to jump-start the summer movie season with the biggest opening in a year that so far has proved disappointing to Hollywood.
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European stocks advanced to the highest level since June 2008 as a report showed U.S. employment in April picked up more than forecast and the jobless rate unexpectedly dropped to a four-year low.
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German stocks advanced, pushing the benchmark DAX Index to a record, as a report showed U.S. employment picked up more than forecast and as Adidas AG posted profit that beat estimates.
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The bodyguard of Rebekah Brooks, the former chief executive officer of News Corp.’s U.K. unit, was charged with perverting the course of justice during probes of phone hacking and bribery at the company’s newspapers.
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Sky Deutschland AG, the German pay- television provider controlled by Rupert Murdoch’s News Corp., jumped the most in five months after posting an unexpected operating profit in the first quarter.
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Aereo Inc. Chief Executive Officer Chet Kanojia challenged CBS Corp. and News Corp.’s Fox broadcast network to follow through on threats to go off the air and switch to cable to prevent the Internet startup from retransmitting their shows without permission.
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U.S. Federal Reserve Chairman Ben S. Bernanke and European Central Bank President Mario Draghi each will give speeches in the coming week.
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Hulu LLC, the video website owned by three of the four major U.S. broadcasters, seeks to double its advertisers this year from 2012.
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Ukraine’s copyright protections have deteriorated to a level where the Obama administration may consider trade sanctions, according to a U.S. report that also cites China for trade-secret theft.
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