UNITED KINGDOM

Major News Corp investor: stock still undervalued

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The UK telephone hacking scandal that closed the News of the World newspaper and put News Corp's deal to buy the rest of broadcaster BSkyB in doubt will have little impact on cash flows at Rupert Murdoch's media empire, a major shareholder said on Monday.

Wall Street records worst day in a month, VIX jumps

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Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.
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Wall Street posts worst day in a month, VIX jumps

Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.
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Former UK PM Gordon Brown's phone hacked: report

News International journalists repeatedly tried to hack into the phone of former British Prime Minister Gordon Brown, the Guardian and Independent newspapers reported on their websites Monday.
Rupert Murdoch

News Corp Sued by Shareholders Over Phone-Hacking Scandal

News Corporation shareholders sued the Rupert Murdoch-owned company Monday accusing the board of “failing to exercise proper oversight and take sufficient action since news of the hacking first surfaces at its subsidiary nearly six year ago.”
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Core BSkyB investors bet on rebound as others flee

A core of large investors in BSkyB is planning to stick with it regardless of the outcome of a bid by Rupert Murdoch's News Corp to take it over -- now hanging in the balance -- and as others dumped the shares on Monday.
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UK asks for fresh regulatory advice on Sky deal

Britain asked on Monday for fresh regulatory advice over the bid by Rupert Murdoch's News Corp to buy BSkyB, signaling it could be looking for a way out of approving the deal while a phone hacking scandal rages.
Kate and William - three day visit of California

Royal Couple Wrap Up California Tour in Skid Row

The Duke and Duchess of Cambridge wrapped up their trip to Southern California on Sunday by visiting an inner-city school in downtown Los Angeles's notorious Skid Row area and attending a job fair for veterans.
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BSkyB under pressure as politics hijack merger

BSkyB shares will be under pressure again in the coming week after a weekend in which politicians ramped up their rhetoric to derail a proposed $14 billion takeover by U.S. media conglomerate News Corp .

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