. >> i'm andrew stevens. welcome to "world business today." >> investors head to the exits. a phone hacking scandal of britain's best-selling sunday newspaper deepens. >>> facebook teams up with skype to give its users more facetime. >> and we'll tell you about the manhattan food fight over italian eating. >> it's been a mixed day on the stock markets so far. we've seen some moderate gains in the asia-pacific region. and a positive start to today's trading in europe. >> absolutely right. we're seeing markets hanging out a little bit. we've got a couple of interest rate decisions. so, we are higher as of -- well, as of right now, as you can see. but only by about barely at all. interest rate decisions, european central bank, it's widely expected that the ecb president will raise interest rates for the second time in three months. with euro inflation expected to rise 25 basis points. 0.25%. that would take the lending to 1.5%. >> interest rates in asia as well. a mixed day after the markets, after china announced late yesterday, that hong kong and shanghai, moving in different

. >> good afternoon from cnn hong kong, i'm andrew stevens. you are watching world business today. these are our top stories, this friday, july 8th. news corp boss rupert murdoch folds his tabloid. >>> shuttle "atlantis" files up for one final foray. >>> and harry potter fans unite for one last wave of the wand. >>> it's the end of the "news of the world." that shamed british sunday newspaper is shutting down. after this weekend's edition and 168 years of history, the last edition of the "news of the world" will have rolled off the printing presses. >> now, as outrage spread from the public to the politicians and finally to the advertisers, rupert murdoch took decisive action. his son, james, announced the paper would close after this coming weekend and that all the staff would be out of a job. james, of course, is the chairman of news international. he posted his statement online for all to see. the key line in that statement, the news of the world is in the business of holding others to account, but it failed when it came to itself. charles? >> it appears that failure could lead

i'm andrew stevens. welcome to "world business today." these are our top stories on monday, the fourth of july. the invisitors welcome a change of leadership, and the prospect of renewed stability and grouktd. >> tiger airways tanks when there's talks of substandard safety. >> and harry potter fans are on a marathon stamina. before that, let's take you to the stock markets. firsthand asia, solid gains as concerns about the u.s. recovery and greece's debt fades. things are off to something of a seesaw start and living large on the horizon, we get the big monthly jobs number out of the u.s. let's get to europe. nina, how's it looking? >> well, european stock markets, an drew, seem to have been taking their cues from asia, but starting out, generally speak, of an optimistic note. the eu's approval has eased some investors' worries. we'll have more of that in just a moment, but taking a look at the markets as you can see, it's broadly speaking a mixed picture. the cac 40 down but we have pretty modest gains from the ftse 100. >> modest indeed

andrew stevens, cnn, hong kong. >>> on wall street on thursday, the bulls were firmly back in chargevestors also hailed strength in the manufacturing sector, but the close of trade -- by the close of trade, the dow industrial average had chalked up about .3 of a triple digit gain and thursday saw gains of between 1% and 1.25%, the three bourses, dow industrial average, as i was saying before, up by the most. >>> thursday marked end of the month, end of the second dwaur and end of the -- quarter and end of the first half of the year. they're eager to put a turbulent six months behind them now. despite the topsy-turvy trade that we've seen, the dow jones for its part, has taxed more than 7% so far this year. yesterday we'll tell you that the s&p 500 is up about 4% so far this year, as well. >>> if you compare the dow industrial average's gain over that period of time to some of the major other indices and region by region, the united states is still head and shoulders above the rest. despite uncertainty in places like europe, london's ftse 100 managed to put on .78% the first half of t

earlier today abc 7 did speak with la times reporter andrew blank steven the one who broke the case and told us what this means for the original suspect ramirez. >> these are new arrest. and sources also said that ramirez the conclusion he was not involved in the brian stow beating. the department has already gone out on the limb saying that ramirez was their main suspect. now you have dovement that say otherwise. and i think they don't want to say anything officially before if kind of all the evidence is nailed down. but the sources cholesterol to us have said this is who they think is responsible. these 2 suspects and that they have if reports that ramirez is not responsible. >>reporter: ramirez was arrested in may based on eyewitness account and held since then and serving 10 month sentence on a parole violation. he was never charged with the beating. brian stow mean time remains hear at san francisco general hospital. just this past tuesday he underwent an emergency surgery because of fluid in the brain and that fluid was causing massive seizures which have always been issues for do