the last couple of days, though we're also starting to see the loss in the advertising revenue, mitsubishi, halifax and the u.k. version of some big names. it's important to note the u.k. newspaper part of the empire only represents 4% of group sales. but if you look, for example, at the cost of news of the world, the profits they contribute and the weekday paper, the sun, it's about $138 million. for a global empire that makes hand in earnings about $3 billion a year, they can probably handle a loss in advertising revenue and readers. but they've also got the possible conference ensation coming up from the alleged victims of the phone hacking. sienna miller's phone was hacked and received a settlement of $160,000 u.s. dollars. if you multiply that times alleged victims, $32 million is what it comes closer to. we'll have a look at the european central bank. likely to go up with interest rates today. more on that coming up. >> state media in china dismiss reports a head has tied. culminating reports that said he was dead. from beijing is our correspondent. martin, what has been fueling all

it was just after 3:00 a.m., police say that the mitsubishi was traveling west on mississippi avenue. investigators say speed was a factor. >> there is evidence of alcohol. but we can't say for sure if that played a factor in the crash. >> reporter: the car hit a speed bump and the driver lost control. it continued over a second speed bump and began flipping and ended up off the roadway in a park where it smashed into several trees before coming to a rest. a woman who knows some of the victims and their family says next came every parent's nightmare. >> there's a knock on the door in the morning, stating that they wanted the parents. wanted to speak to the parents of the kids. and said that they had passed in a car accident. >> reporter: all by one of the four people in the car was thrown from the vehicle. the lone survivor was a woman who was trapped after the crash. ultimately the crash scene spans thing length of a football field. >> the two guys that passed on, they have a little brother that's 10. how does the family tell him that he no longer has older brothers. >> reporter: on

ford, the british arm of general motors, and mitsubishi. it does seem like the age we are living in now -- is companies want to show they are showing social responsibility. news corp., the global empire, makes $3 billion per year and earnings. the u.k. newspaper side only represents 4%. take a listen. >> even with a sustained withdrawal of advertising revenue and a loss of readers, the entire group can probably handle that from a financial perspective. however, the knock on effect of this is substantial. clearly creates concern among investors about the ways the company is handling this, the systems and control, the quality of the governance. that hits the share price. that wipes off billions of dollars of value from the company. >> we just had some news that the mobile phone company, 02, has also pulled advertising from the newspaper. the spokesperson says they share concerns and "we will not be purchasing advertising." >> the list is growing by the hour. the company may have to swallow tens of millions in compensation claims, as well. we

the 2007 mitsubishi was traveling at a high rate of speed here on mississippi avenue and then it hit this speed bump and went flying out of control. the sedan rolled three times and as it did, three of the four people inside were tossed out of the car like rag dolls, including the driver. a rear seat passenger remains in the car as it crashed down an embankment into two large trees. a male passenger died on the scene. the second passenger and the driver died at the hospital. the only passenger not ejected is now in critical condition. >> and this deadly accident is one of the reasons why many police departments through the metro dc area will be having dui check points throughout the fourth of july weekend. reporting in southeast dc, i'm armando trull, matt, back to you. >> in other news tonight, fire investigators in anne arundel county are trying to figure out what sparked a deadly fire. flames started engulfing the home around 1:00 this afternoon. when rescue crews arrived, one person was already dead and a woman in her late 60s was air lifted to hopkins with life threatening injur

ford, mitsubishi, other big companies with big brands say they don't want to advertise in the news of the world this weekend because they don't want to be associated with the shocking revelations about how the newspaper obtained stories. for news corporation, owner of skr news of the world" whose share price fell almost 4% today a reputational crisis looks like it could become a financial problem. rupert murdoch's news corporation wants to buy the 61% of british sky broadcasting it doesn't already own. now, my sources tell me that bieb's scored had taken the view that news corporation would have to pay around 9.6 billion pounds for the b sky b shares. the media regulator, it has a duty to be satisfied that the holder of a broadcasting license is fit and proper, there's a risk that the takeover could be blocked or unscrambled. so b sky b's directors may insist that newscorp may even more, to compensate for the risk that the deal may never happen. >> so there may be an incentive for news corporation to delay the takeover. pending greater clarity on whether they will be seen by the regul

the nikkei closed down about 1.4%, mitsubishi and mizuho fell between 1.5 and 2%. bank of japan, 0.2% to 0.4%, from the quake in tsunami that devastated the country in march. hang seng more than 3%. monday moody's raised red flags on the accounting practices of maineland companies practices. the shanghai composite fell 1.7% and rounding out the losses, australia the asx down about 1.9% but one piece of positive news, macarthur coal soared nearly 40% after attracting a billion-dollar takeover bid. i'll have more on that later in the show. >> we'll talk to you in a little bit about that particular topic. charles, as you can see a pretty broad sell-off here in asia and also the same thing in europe. >> absolutely. the third session and those three-month lows for the euro so pretty bleak picture. >>> at the united states a big sell-off on wall street. major averages tumbled, major worries. financial and technology shares were among the biggest losers on monday, bank of america, citigroup, jpmorgan chase and wells fargo all closed roughly 3.5 to 5.5% lower, so really th

the car, in case you can still make it out is a 1995 teal mitsubishi mirage which some say it looks better after they blew it up than it did beforehand. employees say it was a morral boost. you live in hong kong. i live in new york. you can't blow things up. too much stuff around. >> that's the ultimate team-bonding experience. if you can blow something up, you know, your boss's car, your producers car, he drives a prius here in hong kong, i mean that's ooh real morale boost. >> kristie from hong kong. >>> let's go to reynolds wolf with the weather. do we have any flight delays? >> it is roasting out there in parts of the nation. we'll be talking about that. delays as you mentioned, we're going to have plenty of those especially in chicago and detroit. the big culprit. thunderstorms. major delays possibly other an hour. flight delays. that is not flight congestion. that is flight constipation. that is horrible. backups in miami and tampa. >>> meanwhile, again, the heat will continue through much of the nation's midsection all the way up in parts of the central plains, northern plains. scat

with the boss' permission, the team got to blow up his 1995 mitsubishi as award for a job well done. >>> longview, texas, michael brown is the biggest baby ever born there. are you ready for this? 16 pounds. he was delivered by c-section, of course. and his parents say no more kids. >>> prince william and his bride, kate, wrapping up their american tour. they're back in the uk now, but not after leaving quite an impression on the folks in l.a. max foster has the rest of their tour. >> reporter: after taking canada by storm, it was time to visit california. the tubing and duchess invited some friends around to the consul general's house where they were staying. off to central barbara for a game of polo. the duke was, in his words, looking forward to letting loose after a couple of busy days. his team won and the duchess presented her husband with a trophy and a kiss. the duchess has arrived and she hasn't disappointed. the dress by alexander mcqueen wowed the hollywood a listers inside. from the red carpet to skid row. they threw themselves into an art class for kids from a deprived n

nikkei closed down 1.5% today, auto exporters and financials are what we're talking about, honda and mitsubishi, those led today's slide. advantus fell by nearly 7%, the world's biggest maker of memory chip testers. its operating profit fell by more than 50% from last year. over here in hong kong, the hang seng closed about flat. it was a similar picture to that on the nikkei. the financials fell, led by hsbc, as well as industrial and commercial bank of chin fla, losing between one-third and 1.25%. on the mainland, financials dragged things down there, too. beijing has ordered new restrictions on loans, particularly in the real estate sector and, of course, that didn't brighten the future over there. in the meantime, i want to bring you over to south korea and the seoul kospi. insurance companies are falling between 2% and 2.5% because of the torrential rains slamming the country today. and down under, the asx 200 fell about 1.5%, financials as well as retailers led the slide there. west farmers, the country's second biggest retailer fell about 2.5%. retailers are of course worried about a pos

trading houses like mitsubishi gained after credit suisse game them an outperformed rating. about $275 million of japanese traded funds. the hang seng closed up 1.1%, off its worst two-day decline in 17 months. >> watching what's going on in italy right now. at the same time overnight we've had a warning about ireland's credit rating. >> that's right. u.s. stocks closed near the lows of the session on tuesday because of that news of the irish debt downgrade. moody's downgraded the debt to junk status. moody's also kept its outlook on ireland's sovereign debt negative. that drew harsh response from the finance minister causing many investors to rethink

a mitsubishi was also involved in the crash. one of the cars flipped over.hp has yet to say which drive ser suspected of driving under the influence. the driver arrested for dui is held at the san mateo jail in redwood city. the other driver was taken to a local hospital for treatment. >> a richmond teen will come home tonight after living through a bear attack in the alaskan wilderness. over the weekend a bear attack add group of campers including 18-year-old victor martin from richmond, while they were crossing a river north of anchorage. martin and the rest were finishing up a month-long survival skills course when the bear attacked. the teen told troopers this were crossing the river when those at the front screamed about a bear coming toward them. the two teens at the front suffered the worst of the attack. they are now in the hospital in anchorage with life threatening injuries. martin managed to call his family shortly after being rescued. >> he said the bear had chased him. he fell down and started kicking and all he could do is kick and pray. >> in

we see the big financials, mitsubishi, mizuho, 1.4, 1.5%, the bank of japan lowered fiscal year forecast from 0.6% to 0.4%. that is due to the earthquake and tsunami, that devastated the country back in march. here in hong kong the hang seng led regional losses with a foul of more than 0.3%. monday moody's raised red flags on the accounting practices of dozens of mainland chinese companies. many investors dumped their holds. the shanghai composite fell 1.7%, losses in the banking and property sectors. back to you. >> kristi we're in the second quarter earnings season. always a good gauge of how companies are doing. good news from alcoa and really bad news from cisco. >> alcoa is considered a bellwether. alcoa earned $364 million or 32 cents per year and the ceo said "although the economic recovery is uneven the overall outlook for alcoa and aluminum remains positive. what is next for dunkin' donuts? dun kin brands plans to raise as much as $461 million in the upcoming ipo. dun kin brands is not saying when the stock might start trading. when it does it will trade on the nasdaq, the ticke

adaptive computing in provo utah promised workers this could blow up a 1995 mitsubishi mirage belongingvp of sales if they surpassed the 2010 revenue goal. they did. and all of the employees gathered to watch the car go up. in a ball of fire. >>> the box office still in the grips of shape shifting machines. >> it is over. i'm sorry. but it is over. >> transformers dark of the moon stayed strong, topping the box office for the second week in a row. it is now the biggest grossing film of the year. earning a total of $261 million so far. >>> horrible bosses, opened in second place, with 28 million bucks. the zoo keeper, part two, and bad teacher, all rounded out the top five. >>> well, it is a girl. and another unusual name. for the beckham family. >> that's right. victoria and david welcomed harper seven yesterday. >> harper seven. this is the fourth child for them and the first daughter. and they were seen here, prince william's wedding back in april. you may remember. beckham attended a reception for the royal newly weds in los angeles on friday but he told prince william his wife was s

so that was patrick, a 1995 mitsubishi mirage that belonged to the vice president of sales for adaptiveeward for surpassing their 2010 revenue goals. all company employees and their families were invited out for the explosive celebration. the boss letting them blow up the car. and now to wolf blitzer for a look at what's coming up. good to see you. we've got lots coming up. we've got a major interview with tony blair, the british prime minister. we talk about that. but we also talk about what's happening in syria. we has very strong words for bashar al-assad. the issues unfolding in britain, as a result of what's going on over there. was he ever hacked, his phone? what did they do to his wife. we've got a lot to talk about. another separate interview we have is the back stanny bams do to the united states. and there's a lot of tension right now in the u.s. back stanny relationship. >> we'll see you in a couple of minutes. you may not have thought about this. could the casey anthony verdict affect how they prosecute terrorists? one says it does in a very, very bad way. sunny hostin is on