Posted by Shirley Brady on November 22, 2011 08:55 AM
AIG's former CEO, Hank Greenberg, sues U.S. government and Federal Reserve Bank for $25 billion over takeover.
Bill Gates testifies in Novell suit vs. Microsoft.
Cadbury's trademarks its distinctive shade of purple.
David Beckham's legacy starts to be assessed as Los Angeles Galaxy ending looms and Paris beckons.
Donald Trump estimates the Trump name's worth at $3 billion.
eBay buys Hunch to help discern individuals' taste.
GE expands to Iraq.
GM retools former Saturn site and prepares to manufacture China autos in Egypt.
HP reports spending $3.3 billion on WebOS as Meg Whitman sets course for turnaround.Continue reading...
brands under fire
Posted by Sheila Shayon on July 12, 2011 07:00 PM
So did News Corp. have a better day today? In a word, no. Some of the challenges rattling the media empire that Rupert Murdoch built:
• Scotland Yard has notified only 170 of 4,000 suspected victims, according to Sue Akers, deputy assistant commissioner of the London Metropolitan police in charge of the phone hacking scandal, at a hearing today. Akers told a group of MPs she’s taking a "very broad" approach to the inquiry in ‘Operation Weeting,’ which is examining 11,000 pages of material containing the names of the 4,000 possible victims. Murdoch has been called before a parliamentary committee to answer questions on the hacking scandal, according to a BBC report, along with his son James and Rebekah Brooks, the CEO of News International.
• News Corp.'s BSkyB bid is in trouble, with British politicians crossing party lines to support a motion which reads, "The house believes that it is in the public interest for Murdoch and News Corporation to withdraw their bid for BSkyB." Asked if the government expected News Corp to heed parliament, a spokesperson said: "Ultimately, that is a decision for News Corp but we would always expect people to take seriously what parliament has said." The House of Commons is scheduled to vote on it Wednesday, with Prime Minister David Cameron reportedly backing the motion.Continue reading...
Posted by Shirley Brady on July 9, 2011 11:00 PM
As News Corp. faces fresh allegations that phone hacking was more widespread than previously thought at News of the World, Rupert Murdoch's embattled "red top" tabloid has published its last issue, the production of which was played out over its Twitter feed.
Murdoch is fighting to defend his management team and keep institutional investors such as the Church of England from withdrawing support that would hinder his other titles, not to mention his BSkyB deal. The newspaper's former editor, Andy Coulson, was arrested Friday, as attention turns to News Corp. exec Les Hinton, Murdoch's "lifelong lieutenant and closest advisor," as the Guardian puts it.
Click below to see NotW's final cover, featuring its more provocative exclusives over the years, and check out its website and this video to see the newspaper's own tribute to its 168-year history.Continue reading...
brands under fire
Posted by Sheila Shayon on July 7, 2011 01:30 PM
In shocking news today, Rupert Murdoch is folding The News of the World — the 168-year-old newspaper with the highest circulation of any newspaper, anywhere.
The British tabloid is at the center of a phone-hacking controversy that was broken by rival newspaper The Guardian, a scandal that has rocked the UK, been hotly debated in the British parliament, besmirched the Murdoch family name — son James delivered the news, via the company's Sky News channel — and challenged the integrity at the heart of Murdoch's farflung News Corp. media empire.
"Recent allegations of phone hacking and making payments to police with respect to the News of the World are deplorable and unacceptable," stated Murdoch in a statement published on the newspaper's online homepage, above. "We are committed to addressing these issues fully and have taken a number of important steps to prevent them from happening again."
The upcomimg Sunday edition of News of the World will be its last, with proceeds from the edition's sales going to charity as the company shifts into crisis mode to address charges that the so-called "red top" authorized hacking into mobile phones, including not only celebrities such as Hugh Grant, but those of murdered schoolgirl Milly Dowler and families of 7/7 bombing victims.Continue reading...
Posted by Shirley Brady on July 5, 2011 06:00 PM
Barack Obama participates in first Twitter town hall on Tuesday.
Casey Anthony trial verdict blows up on Twitter, YouTube and the mobile web, garnering reactions from celebrities and presidential candidates.
Google retires Blogger and Picasa brand names in Google+ push.
Harry Potter star Daniel Radcliffe admits to alcohol problem.
JPMorgan Chase drops credit card collections in some states.
Justin Bieber fails to sell non-teen magazines.
News International's News of the World tabloid shocks with dead girl's phone hacking, amidst calls by Hugh Grant and others for editor's resignation.
Tiger Woods says he will return to golf in August.Continue reading...
Posted by Shirley Brady on April 13, 2011 05:00 PM
British actor Hugh Grant has waited a long time to turn the tables on the paparazzi, which got him into trouble all those years ago.
Grant recently had the misfortune to break down while driving in his homeland; and the marvelous fortune to hitch a ride with a former staffer of the News of the World.
He unexpectedly got the scoop on the newspaper's wiretapping operation that came to light in 2006. Grant's phone calls, along with those of other celebrities and politicians in the UK, were hacked in a scandal still swirling around the News Corp.-owned tabloid newspaper.Continue reading...