A former adviser to model Elle Macpherson dropped her phone-hacking claim against News Corp.’s U.K. unit because of a lack of evidence that her voice mail was accessed by the company, her lawyers said at a London hearing.
James Murdoch, deputy chief operating officer of News Corp. and son of Chairman Rupert Murdoch, sold $25.1 million of nonvoting shares in the company, capitalizing on a 65 percent gain in the stock over the past year.
Mediaset SpA, the broadcaster controlled by former Italian Prime Minister Silvio Berlusconi, advanced the most in more than three weeks in Milan after the company said it would achieve a cost-cutting target ahead of schedule.
A News Corp. journalist became the sixth from its Sun tabloid charged with misconduct in a public office along with a press officer for U.K. tax officials as part of a police-led probe into wrongdoing at the company.
After Britain’s top-selling tabloid, The Sun, starts charging for online access in August, there may be no Page 3 Girl -- at least for subscribers who choose to opt out of the paper's daily photo of a topless woman.
Asian stocks advanced, with the regional benchmark ending the week near its highest since June 2008, as the yen’s slide past 100 against the dollar buoyed exporters in the busiest week of Japan’s earnings season.