RUPERT MURDOCH

News Corp awarded Rupert Murdoch and his son James big compensation increases, though James declined his bonus, citing controversy over a phone hacking scandal at the UK newspaper unit that he oversees.

Venture capitalist Thomas Perkins said Friday he is not leaving the News Corp board because of the phone hacking scandal and is in full support of Chief Executive Rupert Murdoch and the board.

The fact that father and son took home more than $50 million last year will no doubt be the latest controversy facing the duo.

A private detective jailed for illegally intercepting voicemail messages on behalf of a journalist at one of Rupert Murdoch's British tabloids on Friday gave lawyers the names of the people he says ordered him to carry out the phone hacking.

British police investigating a phone-hacking scandal at Rupert Murdoch's defunct News of the World have arrested a senior Hollywood reporter at the tabloid, James Desborough, a source with knowledge of the situation said.

James Desborough is the thirteenth arrest

News Corp. stock rose 1.4 percent on Tuesday even as the British Parliament released documents indicating that company executives may have been aware of phone hacking practices at the News of the World

In separate letters made public by the House of Commons, former Rupert Murdoch staffers say that the media mogul and his son have been telling "serious inaccuracies" concerning their involvement in the News of the World phone hacking scandal.

The excuse that Rupert Murdoch gave to Parliament that he knew nothing of the phone-hacking by his newspapers is 'increasingly hard to credit.'

Phone hacking was widely discussed at editorial meetings at Rupert Murdoch's News of the World, the reporter who was blamed as the sole culprit said in a letter which threatened to undermine repeated denials by senior News Corp executives.

A British parliamentary committee investigating phone hacking at a now defunct UK tabloid paper is very likely to recall News Corp executive James Murdoch in person after receiving further statements that cast doubt on his previous testimony.

Shares in Rupert Murdoch's News Corp rose as much as 15 percent in early trading on Thursday, a day after the company's management posted solid quarterly results, gave a healthy full-year outlook and promised a more aggressive buy back.

News Corp reported a lower quarterly profit on Wednesday as weaker box office and DVD sales offset a strong performance by its cable and television business.

Despite a mix of scandals and failed business purchases, News Corp. was able to beat the Street's expectations with its fourth quarter earnings.

News Corp is taking a brave but necessary step in putting its chief Rupert Murdoch, known for going off-script, on Wednesday's quarterly earnings call for the first time in three quarters.

Attorney General Eric Holder will reassure families of September 11 victims when he meets them later this month that the Justice Department is seriously investigating allegations that News Corp reporters tried to hack victims' phones.

British lawmakers called on Thursday for CNN talk show host and former tabloid editor Piers Morgan to return to his native Britain to answer questions about phone-hacking after allegations made by the ex-wife of former Beatle Paul McCartney.

Heather Mills was quoted on Wednesday as saying a journalist at British publisher Trinity Mirror, owner of the Daily Mirror tabloid newspaper, had hacked her phone before she was married to former Beatle Sir Paul McCartney.

British police arrested a former senior figure at Rupert Murdoch's News International group on Tuesday as part of their probe into phone hacking at the News of the World tabloid, media reports said.

Twitter announced on Monday that it had received another significant investment, this time $800 million from Russian investment firm DST Global. The deal gives the social media company an $8 billion valuation, but a big question still remains--why?

A British teenager charged with hacking offences and believed to be a leading member of the Anonymous and LulzSec online activist groups was released on bail in a London court on Monday on condition he did not use the Internet.