the fbi is now investigating murdoch's news corporation. there's an accusation that his employees may have tried to hack into the phone conversations and voicemails of 9/11 victims and their families. rudy giuliani was mayor of new york during that time. he and murdoch have been friends for a long time, so what does giuliani make of all this? >> intercepting communications like that is a crime, it has to be investigated. i think what there shouldn't be and we've learned recently with a bunch of criminal cases of different kinds, don't rush to judgment, give people a presumption of innocence. i think that just how high up it goes is a big question and it's one we shouldn't be jumping to conclusions about. >> speaking of hacking, somebody absolutely plundered the pentagon in the spring, it was one of the worst breaches ever of security. listen to these details. >> indeed, in a single intrusion this past march, 24,000 files were taken. >> it was done, we think, by a foreign intelligence service, in other words, a nation state was behind it. >>

to africa now, news corporation chairman and ceo rupert murdoch testifies before a parliamentary committee on the british phone hackings camel. he strained by his son, james who heads the news international his u.k. operation and rebecca brooks, a former chief executive of news international. the british media committee is chaired by john whittingdale. >> it was prepared on that basis and we would like the opportunity to make that statement. the committee discussed the earlier. we do have a lot of questions and we hope it will come out during the course of questioning. if that is not the case he can make a statement. can we not have that, please? >> the statement in writing -- >> thank you mr. chairman could we please [inaudible] >> [inaudible conversations] >> we will begin. good afternoon, everybody. this is a special meeting on the select committee. this is a follow-up to the inquiry which the committee held in 2009 on the privacy and level during which we took evidence on the extent of the phone hacking which had taken place. in our report last year we stated we thought it was inconcei

one of news corporations leading publication, britain's news of the world is rocked by a major scandal over hacking phone messages, forcing the closure of that paper. arrests of deplayers, a high level resignation and allout attack against newscorp and the murdoch's family. >> and tell what yous they're doing. >> seems to break all the rules. >> are you telling me the people who work in that organization in this country have never ever used the same tactics? >> the hacking scandal tagged to several levels of the british government forcing parliament to investigate the accusation and calling rupert and james murdoch to set the record straight. >> they have no right to break the law if they're an american corporation. back here, politicians and the liberal press push for investigations into newscorp's u.s. operations trying to tie them to the news of the world scandal. what's behind this effort? >> that was then. >> despite administration denials, evidence emerges proving an anti-fox bias inside the white house. >> the politicians in the white house are willing to look you right in the e

rupert murdock's news corporation is facing new investigations into whether its journalists allegedly tried to hack into the voice mails and phones of crime and terror victims in the united kingdom. and on the other side of atlantic, the fbi has now said that it is looking in to allegations that murdock controlled news outlets tried to tap into the voice mails and phones of september the 11th victims and also their family. and now there's also cause for congress to investigate. brian todd reports from washington. >> reporter: a law enforcement source tells cnn looking into the news corporation is now a high priority, so high that the fbi has already launched an investigation. the source says the probe is focusing on allegations that murdock's employees or associates may have hacked into phone conversations and voice mail of september 11th victims and their families. anyone acting on behalf of news corporation is being looked at the source says from the top down to janitors. frank loudenburg also believes news corporation violated federal law. >> would you want to hold hearings? >> cer

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 regulator as suitable owners of sky in the light of whatever further shocking discloshese are made about how the news of the world obtained stories. robert peston, bbc news. >> this is newsday on the bbc. in singapore. >> in london, our main headlin

. >> jon: news corporation's chief rupert murdoch makes a heart felt statement during the u.k. phone hacking scandal. his appearance with his son james was big news there and big news here. how else did the media react and what else have we learned about the scandal. >> republicans have laid out a responsible and detailed path forward, and the house has passed it. >> jon: the house passes a plan to fix the debt crisis, but the media condemn the effort. >> do we really have time for a plan that is really just show? >> and the great debt debate goes on with more distortion from the liberal press? >> there he's saying brinksmanship, trickery around the time of a deadline just to get your way is sort of economic terrorism. >> has the negative media coverage hurt the effort. >> g.o.p. presidential candidate michele bachmann goes on the defensive after a negative story about her health and ability. did that story fail the journalistic ethics test? >> having fired the imagination of a generation, a ship like no other, its place in history secured, the space shuttle pulls into port for

moving on to the financial government arrangements with the news corporation, mr. you suggested earlier that the payments to mr. taylor were not notified at news corp level because of the finance threshold. could you tell us a bit more about that. i understand it took your -- you had to agree for the payment to mr. taylor. was that financial level a managerial decision? >> i'm very happy to discuss. thank you. it's a good question. i'm very happy to discuss the matter of mr. taylor. the out of court settlement with mr. taylor was related to a voice mail interception that had occurred previously and was actually one of the counts as i understand it of the 2007 trial. it's important to think back to 2008 to understand what we knew then, what i knew then, and what the information was in the context. it was the underlying interception was not a disputed fact. secondly, it was the advice and further to that i should say it was the advice and the clear view of the company that if litigated the company would lose that case. it was almost certain to lose that case because

we called the board of news corporation, the whole board, to seek their agreement. >> you've already suggested it's because you felt ashamed. there's not a suggestion that it was a commercial decision to decide to close "news of the world"? >> far from it. >> okay, moving on to the financial government's arrangements within news corp, mr. james murdoch, you suggested earlier that the payments to mr. taylor were not notified at news corp level because of the finance thresholds. could you tell us a bit more about that. i understand it took your -- you had to agree for the payment to mr. taylor. could you tell us was that a financial level managerial decision? >> i'm very happy to discuss -- thank you, it's a good question. i'm very happy to discuss the matter of mr. taylor. the out of court settlement with mr. taylor was related to a voice mail interception that had occurred previously and was actually one of the counts, as i understand it, of the 2007 trial. so it's important to think back to 2008 to understand what we knew then, what i knew then and what the information was in the con

one of the worries is what if news corporate is forced to sell its british newspaper what if u.k. regulators for its the company to sell its stakes that it already holds in bskyb satellite. news corp. without also lose its tv licences if u.s. regulators say news corp. is no longer fit to own american television properties. there is a question about leadership change at the top. if rupert murdoch steps down or out as c.e.o. and what-- will any of the senior executives indicted or go to il gentleman. so what impact do these issues have. what are the financial implications? >> well, if i can remember that list, let me try and go through them. the disposition of the newspaper assets in the u.k. is really inconsequence. news corp. does 4.5 million of operating income a year. assets to -- 0 million. so we're talking about less than 2% of the operating income. and to the street a distraction. for those getting told t doesn't really matter. the second risk was i believe the disposition of the 39% in bskyb. you know, the street likes that asset but at the end of the day if they end up sell

public and political pressure, news corporation withdrew its bid for bskyb.t is another casualty of the hacking firestorm. now prime minister david cameron has announced details of a far- reaching inquiry into recent events. for more on how the deal went bust, here is the bbc business editor. a warning, there is some flash photography. >> rupert murdoch, the great news mogul, in the news for the wrong reasons. putting on a brave face before one of the great humiliations' of his career, the abandonment for his attempt to take over bskyb. here is the explosives didn't. we believe the proposed acquisition of bskyb by news corporation would benefit both companies, but it is too difficult to progress in this climate. that adverse comment, protests outside parliament and inside about the bskyb deal. and after the deal was off -- >> i think this is the right decision. i have been selling this company clearly needs to sort out the problems and news international, at the "news of the world." that must be the priority, not take over speed of the right decision and the

today, opening investigation of the news corporation owned by media mogul rupert murdoch. a federal law enforcement source telling cnn that federal agents are looking into allegations that news corp employees or associates may have hacked into phone records or voicemails cnn has learned the scope will be brought. the fbi will be looking at anyone acting on behalf of news corp, from the top down to janitors. salary rilingenhart, who represents an organization, is among those who called on the fbi to open an investigation. she spoke with me by phone a short time ago. >> i believe that's a criminal act. i hope there are statutes on the books now to confirm that that's a criminal act. i would hold these people accountable and responsible in a legal sense, and i think it is a crime. it's certainly a crime against ethics and against humanity. someone has to defend the dead, and the parents and the families of the victims are going to continue to do that. >> no reaction yet tonight from the man at the helm of news corporation. however, one of murdoch's papers, "wall street journal

i became involved in news corporation in international matters the end of 2011. in the 2011 period there was a police investigation, successful prosecutions were brought against two individuals, and the editor of the news of the world resigned. the. the police closed the investigation and repeated he versions there was no evidence to reopen their investigation. the company relied on there was nothing for to this at the time and relied on the legal opinion of outside counsel related to those matters. with respect to their review issued a clear opinion. there was no illegality of the two individuals involved before. the company relied on those. for the company in 2008 and 2009 it was not clear there was a reason to believe that those matters were anything other than settled matters in the past. >> so your testimony to this committee is none of them knew what was going on? >> i do not have direct knowledge of what necessity knew and what time. but i can tell you that the critical new facts as i saw them and as the dmoim saw them emerged in the production of documenta

one is news corporation.are paying attention to thatpy understand both martin sheen and michael vick are going to be on capitol hill and it has nothing to do with the debt. >> no. president jed bartlett is going to be appearing, appealing for drug courts, he's made no secrets that the problems he has had a young man. michael vick is here to appear with the humane society, they're going to be talking about criminalizing bringing children to dog fights. one finds hard to believe that there isn't a law yet meaning that you can't do that. he's still trying to make friends for people after spending time in prison. >> all right, tim v a good day. good show. tim farley is the host of morning briefly on sirius xm radio >>> for a woman who likes to tell a few jokes of her own, betty white is turning down an invitation to a military ball. ryan lewis called the 9-year-old actress as an all-around woman. white said that while deeply flat ered. she'll be taping an episode of hot in cleveland. >>> first today is national d

who's in charge of news corporation? >> reporter: rupert murdoch built the news corporation from a single family-owned newspaper in south australia. in the 1960s he moved into britain, buying up the "news of the world" and later the "times" of london. in the '70s he took aim at new york where he'd add the "new york post" and the "wall street journal." his satellite t.v. empire includes the fox network in the u.s., sky in europe, star tv in asia. >> i love the free market. it's certainly been very good to me. >> reporter: but the same market is now punishing him, while stock in news corporation rebounded today, it's fallen 12% since the scandal began. >> my company has 52,000 employees. i have led it for 57 years and i have made my share of mistakes. >> reporter: those mistakes might sink another c.e.o., but murdoch still controls 38% of the voting stock of news corporation. he does not, however, own a controlling interest in his reputation says "vanity fair's" sara ellison. >> to the extent that he can survive as the sam

i became involved in the news corporation and the news international at the end of 2007. in the 2007 period there was a police investigation successful prosecutions brought against to in the tools and the editor of the news world resigned. the company resigned of the police having closed the investigation and repeated there was no new evidence to open the investigation. somebody relied on the ipcc which had a report and said there is nothing new at the time and the company relied on the legal opinion and related to those matters with respect to their review had issued a clear opinion for illegality other than the two individuals involved before. and the company relied on those facts and for the company in 2008 and 2009 and wasn't clear that there was a reason to believe that those members were anything other than federal matters in the past. >> the individuals gave up evidence in 2009 and none of them in iraq that time would have been going on. >> i do not have direct knowledge of what the new and at what time and the critical new facts as i saw them and the company emerg

rebecca brooms of news corporate international resigned after pressure that has already seen the closure of the newof the world and withdrawal of news corp. pl bid to take full control of british sky broadcasting. brooks said in a statement released through news international quotas chief executive of the company fee a deep sse of responsibity for the people we hurt and want to reiterate how sorry mi for what we now know to have sustain place. despite her resignation brooks will still face the house of commons committee next week with rurt mdoch and his sonames murdoch. this weekend murdoch and news international will apologize to the british public for the phone hacking scandal through a series of full page advertisements headed we are sorry. pert murdoch said news international will take further concrete stepso resolve these issues and make amends for the damage they have caused. joining now to discuss this ongoing story isndrew edgecliff johnson of the financial times. i am pleased to have him here to provide some context to this extraordinary day on one more day in the story. welcome

news corporation ceo rupert murdoch and his son james and rebekah brooks will appear before parliamenthours from now. news corp shares closed at a six-month low yesterday. the company has lost about $8 billion in market value since the news broke on july 5th. >>> investors rushing to gold for security amid global concerns of mounting debt in europe and the u.s. gold prices set a new record on monday settling above $1,600 an ounce for first time ever. borders is calling it quits. 1,700 people will lose their jobs as a result. cisco announcing job cuts. 6,500 workers getting the ax. most from the vice president level or higher. the company announced layoffs as part of the plan to streamline its tech business. "american morning" back after the break. verizon claims its 4g lte is twice as fast as at&t. we're putting them to the test against the speed of a rescue unit. go ! they're downloading a music album. the first network to finish gets rescued. does your phone know that we're racing ? done ! verizon's done ! i've got seven left ! the fastest network in america. verizon. built so you ca

news corporation shares are up. the news hacking scandal is off the front pages for the first time in two weeks. but independent directors have hired their own top lawyers. why? >> we are getting mixed signals. we have heard the board have hired some lawyers to protect shareholder value and to guard against their own legal exposure. there have also been reports that some of the more independent minded directors are beginning to think about ways in which rupert murdoch could give up his title as ceo of the company. on the other hand, this is a board murdoch controls pretty firmly. it is hard to say what will happen yet. >> who exactly is on the board? >> it is a funny bunch. there are 16 board members. they cover a lot of ground. there is a former head of state and there is an opera singer. there is quite a range of experience. the one thing they all have in common is they are there because murdoch wants them to be. he can control them to their loyalty. maybe they spend their entire career with news corporation. >> to

between my son and i and senior executives and miss brooks, one morning, called the board of new corporation to seek their agreement. >> you have suggested it is because you felt ashamed. there is not a suggestion it was a commercial decision to decide to close "news of the world." >>shepard: the c.e.o. told lawmakers he had "little" direct involvement with "news of the world," coming down in defense of his company as a whole and his own role in the scandal. >> ultimately you responsible for the whole thing? >> no. >> you are not responsible? >> no. >> who is responsible? >> people that i trusted to run and, then, maybe the people they trusted. allow me to say something, as this is not an excuse, maybe it's an explanation of laxity, "news of the world," is less than 1 percent of our company and i employ 53,000 people around the world and we do proud, great, and ethical and distinguished company. >>shepard: he addressed reports that employees hacked into the phone of victims of 9/11. >> we have seen noest of that at all and as far as we know, the f.b.i. hasn't. if they do, we will treat it ex

it stems from allegations that news corps hacked into people's sell phones and news corporation is thearent company of the fox news channel and the "wall street journal" and now, the news, like, from washington, dc. >>reporter: federal law enforcement did not deny reporting of the "wall street journal" but said the subpoenas are normal and anthony specializing in government investigations says that getting information from a news organization in any case, has special requirements for the department of justice. >> the department of justice has regulations that bind itself to certain procedures before issuing a subpoena. the attorney general has to approve personally and explicitly all subpoenas issued to news media organizations. >>reporter: as cook mentioned, the attorney general must sign off on each. in response, news corporation said we have not seen evidence to suggesting 11th phones or has anyone cooperated. this arose when an unidentify person speculated that the british newspaper of whether it happened, and that paper printed the speculation, and that has since mushroomed with n

we appreciate it chaos in london as murdock news corporation. what happens if sarah palin gets in the presidential race. charles krauthammer has some thoughts on that and we're coming right back. >> bill: in the impact segment tonight, as you may know the news of the world paper in london, england, hacked into the voice mails of certain people and paid bribes all in an an attempt to get information. that situation has caused major problems for the parent company news corporation which also owns fox news. joining us from london fox news correspondent amy kellogg who is following the story closely. do the folks over there, the folks, the regular people, do they care about this big press battle? >> bill, i don't think there is a simple answer to that. there certainly are people who are loyal readers of rupert murdoch's newspapers here and they will continue to be and i think they probably always assumed that there were some unethical practices used behind those screaming headlines that make you want to run out and buy those papers. there are people

that situation has caused major problems for the parent company news corporation which also owns fox news. joining us from london fox news correspondent amy kellogg who is following the story closely. do the folks over there, the folks, the regular people, do they care about this big press battle? >> bill, i don't think there is a simple answer to that. there certainly are people who are loyal readers of rupert murdoch's newspapers here and they will continue to be and i think they probably always assumed that there were some unethical practices used behind those screaming headlines that make you want to run out and buy those papers. there are people who have been outraged by the hacking. it started out years ago as you know with the phones of celebrities and royals and i think people thought that was somewhat amusing. when it came to hacking into the phones of murder victims and terrorist victims, people, there were people who were quite outraged by that and called in to put pressure on people who were buying advertisements in the papers. and so advertisers pulled out. and then also,

the list of casualty appears to be inching closer to news corporation's powerful ruling family. he outside, top police officials paul stephenson and john yates have resigned over their handling of the scandal. andy coulson, out years ago as "news of the world" editor and out as david cameron spokesman and arrested last month and les hinton, publisher of the "wall street journal" is gone. "news of the world" has closed down and now that rebekah brooks has resigned and been arrested, many observers say james murdoch, youngest son of rue matter murdoch, chairman and ceo of news corp in asia and britain, is now on the firing line. >> james murdoch has already made it very clear that he paid off a huge amount of money to gordon taylor who is a trade unionist who had his phone hacked, and james murdoch has made it clear now that he regards that as an error on his part and he most regrets it. >> reporter: if it's found james murdoch knew more about the hacking than what's been revealed so far, smith says shareholders, board members may force his father's hand. >> if they were to really

ridiculous on its face, but a sign of true panic that this virus is spreading to america and news corporation, which is an american company, let's remember that, not british, really is facing some serious threats to its future now. >> frank rich, writer at large for "new york magazine," thank you very much for joining me tonight. >> thanks for having me. >> coming up, "news of the world" whistleblower is found dead. and rudy giuliani says rupert murdoch is a honorable and honest man. rudy giuliani said the same thing about a guy sitting in prison right now. >>> coming up, the latest developments in the "news of the world" scandal, why rebekah brooks was arrested yesterday and what they found in the trash today. plus, just how extreme is the republican cut, cap, and balance plan for the budget? it makes the ryan plan look reasonable. [ female announcer ] the healing power of touch can be even more powerful, with precise pain relieving cream. it blocks pain signals fast for relief precisely where you need it most. precise. only from the makers of tylenol. >>> reports now indicate that congress

news and chief antagonist david brock initiating guerilla tactics, ap disrupting because for news corporation and anti-fox effort is being paid for by tax-free funding. why is the government supporting their status and why are the media ignoring the issue. michele bachmann's rising star has mainstream media poking fun and picking apart everything she says and did they do that for the

less hinton is one of two top executives forced out of rupert murdoch's news corporation today. murdoch owns the "journal," fox television, and many other networks and newspapers all around the world. it was sleazy reporting techniques by a murdoch-owned british tabloid covering the disappearance of a 13-year-old girl that triggered the cascading scandal. we have reports tonight from both sides of the atlantic. first, liz palmer in london. >> reporter: yes, scott, for the last ten days people in this country have been talking about little else, and today we saw the murdoch damage control effort really kick into high gear. a mob of reporters fought to see firsthand the tycoon humbled. >> if you'll just keep silent for a minute. i want to say it was a totally private meeting. >> did you apologize? >> of course i did. of course i did. i'm the founder of the company. i was appalled to find out what had happened. >> reporter: rupert murdoch had just met the family of milley dowler, the murdered teenager whose cell phone lies at the heart of this scandal. in 2002, her voice mail was h

those bank files were hacked and news corporate hack mood people's phones. they're both victims of being in the same sentence with the word "hack" (laughter) (cheers and applause) >> stephen: and focusing on murdoch just obscures all the other big hacking news out there. cold and flu season is coming. that's going to lead to hacking. cabdrivers used to be called hacks. why does no one use that word any more? and if really want to talk about hacks it, what about these people? where is that story? (cheers and applause) so move on media monsters this story is done. we'll be right back. ♪ ♪ i like your messy hair ♪ i like the clothes you wear ♪ i like the way you sing ♪ and when you dance with me ♪ you always make me smile [ male announcer ] we believe you're at your best when you can relax and be yourself. and at thousands of newly refreshed holiday inn express hotels, you always can. holiday inn express. stay you. and now stay rewarded with vacation pay. stay two weekend nights and get a $75 prepaid card. at 1800contacts, we deliver every.... ♪violin musical th

those bank files were hacked and news corporate hack mood people's phones. ey're both victims of being in the same sentence with the word "hack" (laughter) (cheers and applause) >> stephen: and focusing on murdoch just obscures all the other big hacking news out there. cold and flu season is coming. that's going to lead to hacking. cabdrivers used to be called hacks. why does no one use that word any more? and if really want to talk about hacks it, what about these people? where is that story? (cheers and applause) so move on media monsters this story is done. we'll be right back. ♪ ♪ ♪ ♪ grey goose. world's best tasting vodka. ♪ ♪ one, two, three, hit me [ male announcer ] a jump-start for your game. not your nerves. ♪ watch me, heh ♪ watch me! ♪ i'm super [ male announcer ] the proven push. stamina in a bottle. the original gatorade. ♪ sometimes i feel so nice [ male announcer ] and thirst-quenching protein that helps restore your body while cooling you down. ♪ prime. perform. recover. the g series from gatorade. (cheers and applause) >> stephen: welcome ba

those bank files were hacked and news corporate hack mood people's phones. they're both victims of being in the same sentence with the word "hack" (laughter) (cheers and applause) >> stephen: and focusing on murdoch just obscures all the other big hacking news out there. cold and flu season is coming. that's going to lead to hacking. cabdrivers used to be called hacks. why does no one use that word any more? and if really want to talk about hacks it, what about these people? where is that story? (cheers and applause) so move on media monsters this story is done. we'll be right back. (cheers and applause) >> stephen: welcome back. my guest tonight is here to talk about the world's newest country south sudan. great. now i got to throw out all my clothes. please welcome john prendergast. (cheers and applause) hey, mr. prebder-- prendergast. sit is down. sir? let's give the people your cv. it is quitism press &ive. besides being the author of such books as unlikely brother, are you also a human rights advo kachlt you worked for peace in africa for over 25 years.

i think the wheels are off of news corporation, wall street journal, owned by murdoch, wrote a editorial today blaming everyone else for their problems. a week ago, we made a few tiny mistakes but we've handled the crisis times, it blamed paul stiger, pre-murdoch editor of the wall street journal, they are the problem. you know, we just didn't do a darn thing wrong. >> right, and everybody does what those british newspapers are doing. >> everyone does it, but i took that editorial as not only being ridiculous on its face, but a sign of true panic that this virus is spreading to america and news corporation, which is an american company, let's remember that, not british, really is facing some serious threats to its future now. >> frank rich, writer at large for "new york magazine," thank you very much for joining me tonight. >> thanks for having me. >> coming up, "news of the world" whistleblower is found dead. and rudy giuliani says rupert murdoch is a honorable and honest man. rudy giuliani said the same thing about a guy sitting in prison right now. a there was a 93% increase in cyber

. >> well, the impact of rupert murdoch news corporation reaches far beyond the u.k. s company was born in australia in 1952 as news limited which today is about 70% of australian numerous. we're joined by a professor at the university of sydney. he joins me now. thank you for joining us. what did you make of the hearings? >> it was like late-night football here. i thought the statement i know nothing was interesting. murdoch in australia has for a long time had a reputation of having an intimate knowledge of what's run in his newspapers. locals rightly or wrongly basically believed that from across the other side of the world he has a pretty good idea of what he's doing. he's a senior executive, runs a very large organization and he had no idea about the criminal activity that was going on. interesting. >> it is an interesting point you raise. many people that have worked for him said 20 or 30 years ago he was very much hands on. this perhaps an indication of how he's let things maybe slip or even on account of his age. would you agree with that? >> yeah, it could be

now we are awaiting rebekah brooks, a long-time executive with news corporation, the parent company of the fox news channel. brooks ran the tabloid "news of the world" when the hacking occurred some six to eight years ago. she has since resigned her position with the company last friday. as we await on ms. brooks, shares of news corporation, rather, are trading on wall street. they're up 5% during the testimony of the past three hours. our coverage continues from london. and also with happ being now. -- "happening now." our colleagues to follow us. after this commercial break. i'm bill hemmer in new york. diabetes testing? it's all the same. nothing changes. then try this. freestyle lite® blood glucose test strip. sure, but it's not gonna-- [beep] wow. yep, that's the patented freestyle zipwik™ design. did it just-- [both] target the blood? yeah, drew it right in. the test starts fast. you need just a third the blood of one touch.® that is different. so freestyle lite test strips make testing... easy? easy. great. call or click-- we'll send you strips and a meter, free. free is good. f

being notoriously difficult to make money even to a certain extent in the united states and news corporationny wo seem dodd that excelente, so to speak. >> they're definitely dying over the last ten years as the internet takes over for news provision. but they were making money there. it was a small business. the bskyb business is massive, but i think the problem is it's done so much damage to them as a global brand and investors in the u.s., some investors are already putting together a lawsuit claims that news corp should have known more about this hacking story. so i think this has got plenty of time left to run this one. >> okay. david jones of ig index. many thanks as always. manisha. >> you're watching "world business today." just ahead, a big win for japan. we'll see what it means for national pride. >>> and what it means for japan's battered economy. stay with us. >>> hello and welcome back. you're watching "world business today" live on cnn. >>> now japan has reached the top spot in women's football. for the first time, a japanese squad beat a u.s. side at the world cup in frankfurt

tells cnn looking into rupert murdoch's news corporation is now a high prit pry or they. so high the fbi has already launched and investigation. the source says the probe is focusing on allegations that murdoch's employees or associates may have hacked into phone conversations and voicemail of september 11th victims and their families. anyone acting on behalf of news corporation is being looked at, the source says, from the top down to janitors. frank lautenberg believes news corporation violated federal law bribes foreign countries for information. would you want to hold hearings for mr. murdoch or his executive? >> certainly that would be a serious consideration. i'm waiting now for a return from the justice department. >> reporter: in canvassing capitol hill, we've learned of growing sentiment for congress to delve into the activities of rupert murdoch and his journalists. most of those calls are from democrats. murdoch is a big banger of republicans. if more momentum build into probes in the united states or even congressional hearings, there are cautionary tales for

and today, it's his mighty news corporation that's under siege from london to washington. nt u.s. senator, jay rockefeller, wants to know if u.s. citizens fell victim to sleazy or illegal news gathering as well. he says the victims of the 9/11 attacks are some of the nearly 4,000 people who had their phone tapped. the media giant has lost nearly $7 billion in market value, and the political damage is mounting. today britain's prime minister meets with the family of a murdered little girl. murdoch's newspaper reportedly hacked her cell phone to gain an edge on that story. one target of the alleged phone hacking, actor hugh grant, and he explains why all of us should care here in the u.s. >> that's an enormous amount of your media with fox news and fox station and 20th century fox pictures, et cetera, and some of your newspapers. and people need to ask themselves, who is this man who owns such a large part of our media? and i think, you know, when you hear some of the new allegations about who the "news of the world" was phone hacking that may include -- just allegations at t

news corporation and bskyb are feeling the fallout of all of this and this collapsed takeover bid to be precise. banks that advised these two companies during the takeover discussions could stand to lose between $80 million and $90 million. that's the amount they would have received once the deal between news corporation bskyb had been completed. they have little chance to make that back soon. investors on the other hand did seem to welcome the news, the news that news corporation was going to be walking away from this bskyb deal. the common stock closed up in excess of 3% on the stock exchange in sydney just a few hours ago when it last traded. that in turn follows a rise of 2% on the nasdaq wednesday with newscorp shares listed there. it closed at $16.36. strong reaction from investors, perhaps voting in the other direction to rupert murdoch's suspected own ambitions because, of course, as dan rivers was telling us, bskyb is a lucrative company and he did want more of the earnings from that company. >>> and also, nina, there's more to this story. there's a footnote to this whole so

his company, news corporation, badly wanted to buy the big satellite network bskyb. today they dropped their bid. there's no telling where this case ends, but this is all new territory for this huge media figure and for great britain. nbc's stephanie gosk is in london again for us tonight. stephanie, good evening. >> reporter: good evening, brian. well, news corps got beaten up all day today by british politicians both before and after they dropped out of the bid. one of their fiercest critics, former prime minister gordon brown, who accused murdock's papers of law breaking on what he calls an industrial scale. >> order! order! >> reporter: in parliament today politicians for once found something they could agree on. rupert murdock's news corporation, they said should drop its bid for british tv network bskyb. >> they've got to stop talking about mergers until they sort out the mess they created. >> reporter: but even before they voted, news corps, beat them to it. >> they have decided in the last few moments that it will withdraw. >> reporter: announcing they would w

on the other side of the atlantic, murdoch's news corporation is under scrutiny as well. u.s.nator john rockefeller has called for an investigation to find out if the media group has broken any american laws. he has raised concerns that 9/11 victims and other americans may have been targeted by british tabloid phone hackers. nina? >> pauline, of course, the phone hacking scandal has rocked investors confidence and faith in news corporation itself. this is a media group that has lost almost $7 billion in its market capitalization over just the last five trading sessions as these allegations have emerged hour after hour and day after day. on tuesday, rupert murdoch himself, his company announced a plan to buy back an extra $3.2 billion in its own shares, bringing its buyback to a total of $5 billion which is a huge amount, pauline. then again, it's also a huge amount, the money being taken off the stock price of news corp and also bskyb, the british broadcaster whose remaining stake it's trying to buy as well. >> analysts see this buyback as a way for news corp to give its share