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Posts Tagged ‘Amid’

NoW to close amid hacking scandal

July 8th, 2011 Comments off

Breaking news

This Sunday’s issue of the News of the World will be the last edition of the paper, News International chairman James Murdoch has said.

In the past few days, claims have been made that the paper authorised hacking into the mobile phone of murdered schoolgirl Milly Dowler and the families of 7/7 bombing victims.

Sky News said proceeds from the last edition would go to good causes.

Downing Street said it had no role or involvement in the decision.

In a statement made to staff, Mr Murdoch said the good things the News of the World does “have been sullied by behaviour that was wrong – indeed, if recent allegations are true, it was inhuman and has no place in our company”.

“The News of the World is in the business of holding others to account. But it failed when it came to itself.”

He went on: “In 2006, the police focused their investigations on two men. Both went to jail. But the News of the World and News International failed to get to the bottom of repeated wrongdoing that occurred without conscience or legitimate purpose.

“Wrongdoers turned a good newsroom bad and this was not fully understood or adequately pursued.

“As a result, the News of the World and News International wrongly maintained that these issues were confined to one reporter.

“We now have voluntarily given evidence to the police that I believe will prove that this was untrue and those who acted wrongly will have to face the consequences. This was not the only fault.

“The paper made statements to Parliament without being in the full possession of the facts. This was wrong.”


BBC News – Business

Categories: Investing Tags: , , ,

U.S. Stocks Advance Amid Optimism on Greece Austerity Package

June 29th, 2011 Comments off

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a third straight day, after Greek austerity measures needed to win European bailout funds passed in that country’s parliament.
BusinessWeek.com — Finance

U.S. Stocks Rise Amid Greek Bailout Expectations as Nike Jumps

June 28th, 2011 Comments off

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, amid optimism European nations will take action to prevent a Greek default and after Nike Inc. beat earnings estimates.
BusinessWeek.com — Finance

Stocks, Euro Advance as Treasuries Decline Amid Greek Optimism

June 28th, 2011 Comments off

Stocks gained, erasing the MSCI All- Country World Index’s 2011 loss, while the euro rose and Treasuries fell amid speculation Europe will take action to prevent a Greek default. Commodities surged the most this month.
BusinessWeek.com — Finance

U.S. Stock Futures Advance Amid Optimism About Greece Crisis

June 28th, 2011 Comments off

U.S. stock futures advanced, indicating the Standard & Poor’s 500 Index may rise a second day, amid optimism that a deal can be reached to help Greece avoid defaulting on its debt.
BusinessWeek.com — Finance

U.S. Stocks Slump Amid Europe Debt Concern as Oracle Retreats

June 24th, 2011 Comments off

U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a third straight day, as concern about the European debt crisis intensified and Oracle Corp. dragged down technology shares.
BusinessWeek.com — Finance

IMF Sees ‘Considerable’ Risks in Spain Amid European Debt Crisis

June 22nd, 2011 Comments off

The International Monetary Fund said Spain must step up efforts to reform its economy as Europe’s sovereign debt crisis threatens to damp growth.
BusinessWeek.com — Finance

IMF Sees ‘Considerable’ Risks in Spain Amid European Debt Crisis

June 22nd, 2011 Comments off

The International Monetary Fund said Spain must step up efforts to reform its economy as Europe’s sovereign debt crisis threatens to damp growth.
BusinessWeek.com — Finance