News of the World phone hacking

Stories related to the scandal related to phone hacking at News of the World and other News Corp. tabloids.

James Murdoch testifies: 'The way companies do business is important'

The Guardian | The New York Times | The Leveson Inquiry James Murdoch's six-hour testimony today before the British parliament's Leveson inquiry is a gripping microdrama. Attorney Robert Jay, who is questioning Murdoch, flops himself over a lectern and delivers each question as if it had just occurred to him, raising his eyebrows at the end of most inquiries as if to encourage Murdoch to come clean. Jay is lightly bearded, wears ridiculous eyeglasses and looks rumpled. Murdoch replies in a middle-of-the-Atlantic accent -- American flat vowels with British inflections. He's in a sharp, well-fitting suit and so far appears unflapped by Jay's surgical questioning. So far, high points have included: Read More

News Corp. stock trades higher after Murdoch announcement

After investors learned this morning that James Murdoch was stepping down as leader of the News International division, shares of the corporate parent rose. Shares of British Sky Broadcasting traded down sharply today on the London Stock Exchange. News Corp. owns a significant stake in BSkyB, and James Murdoch is the chairman and non-executive director. German broadcaster Sky Deutschland, which is also partly owned by News Corp., traded slightly higher. Read More