the stakes are high for news corporation, the parent company, because under american law, bribing foreigncials is illegal, and that evidence is coming out. >> payments have been made not only to police officers, but to a wide range of public officials. >> bergman: a police inquiry is discovering widespread bribery, this time by the sun. >> there also appears to have been a culture at the sun of illegal payments, and systems have been created to facitate those payments, whilst hiding the identity of the officials receiving the money. >> bergman: ten more people were arrested for questioning, bringing the number of arrests to over 40. >> well, it's very clear the very senior executives had knowledge of phone hacking before they admitted to it. we have got a criminal inquiry taking place, so it would be wrong to name the names now. but i think it's going to go very high up the food chain indeed in this company. >> bergman: despite all his problems, rupert murdoch, in characteristic fashion, confounded everyone. he launched a new newspaper, the sun on sunday. it was either a bold move to save

on the news corporation side? you're an employee or executive i think that's true. what we do know that's been coming out in this extraordinary inquiry is that, for example, mr. edmunds, i believe it, is jeff ed mubdz, who's the head of the crime writers association in britain, testified. and what did he say? he came forward and he said look i'm a police reporter. he teaches at a police academy as well as writing. i went to work at "news of the world" right after rupert murdoch took it over in the early 1980s. 1980 he started. he said "when i got there they told me you have to bribe the police." he said "well, i don't do that. i don't want to sully my hands with that." they said "well, we have a slush fund for you to use to bribe the police." he says "i'm not doing that." and he says that led to his departure from the newspaper. >> rose: how much of this was done-- if at all-- by other publications in competition with the newscorp publications? >> it's said it was done by a number of tabloids and they did it more frequently in competition with murdoch's newspapers i

buzzing all around the country and certainly here in new york is that tnews of the world, a news corporationpaper in britain, used... >> uh, i'm not talking about that issue at all today. sorry. >> okay. no worries, mr. chairman. that's fine with me. >> bergman: tnew york times assigned three reporters, who uncovered two new sources and advanced the guardian story. >> and that changed things. you know, people thought, oh, okay, this is not just a lone obsession of the guardian, and everything that tguardian wrote has now been written to the standards of american journalism, with all their fact checking and everything. people began to take an interest in the story. >> i mean, after the new york times story, there was a frenzy of political activity. and then it died down again. then it was really the civil actions from these public figures suing that built it up again in january 2011. >> bergman: far from being intimidated, mark lewis had been accumulating evidence and taken on dozens of new clients. >> it wasn't me on my own. there was a number of civil lawyers who were pursuing cases in term

land take over a spun-off company, where the newspaper is barely recognized for their value in news corporation. they're more of a liability. >> rose: john, tell me what we learned from this woman named sue acres, who is doing the investigation. >> it really was something of a turning point. our attention has been focussedly the last nine months on "news of the world" the tabloid murdoch turned down when it turned out one of the people, one of the phones hacked was the abducted teenager millido youer. certainly we have sue acres, the assistant commissioner of scotland yard, testifying before a judicial inquiry here in london about what appears to be a still more serious scandal and that is the bribery by the "sun" newspaper-- that is to say, the tabloid sister, the daily sister of the "news of the world--" the bribery of government officials, members of the armed forces, and police officers, on an industrial scale. she spoke of hundreds of thousands of dollars a year of retainers being paid, of reporters getting tens of thousands of dollars in expenses to pay cash payments to public officials f

there are calls in australia for a police investigation into allegations that rupert murdoch's news corporation took part in hacking and parse it. news corp may have set up a unit to hack into competitors making coats available on the black market. -- codes available on the black market. after being taken to court for false advertising of the ipad, apple will refund australian consumers who felt misled about the 4g technology, which does not work on the country's not work. after three days of legal arguments and heated protests outside, the u.s. supreme court must decide the fate of the health care law. the senior judges will rule on whether it violates the constitution. at the heart of the case, the individual mandate which requires people to buy health insurance. the question -- does that extend government power to far? the ruling is not expected until june. we will talk to megan hughes, who covers health care news for bloomberg television. you have been in court for much of the three days of legal arguments. what is your sense of the way in is going? constitutional or not? >> it is very hard

that rupert murdoch's news corporation adding gauged in systemic widescale. bribery of corrupt police officers corrupt government officials in the u.k. so here you have rupert murdoch doing all the bad things that everyone is up in arms about in terms of what is being revealed through wiki leaks but somehow through rupert murdoch's organization there's not that level of outrage your thoughts on the role of the media in maintaining this this dual standard system where murdoch is gave given so far a slap on the wrist for doing things for doing is spying illegal spying corruption or is wiki leaks which is doing actually in the public good service is seen as somehow in bed with the terrorists will it certain certain very big forces are attacking wiki leaks it would seem. the u.s. government for example there are you know people who really don't want we keep leaks doing what they're doing they're a major threat to something and that's why you see viso blockading in the payments they can't you can't pay you can't donate money to weekly leaks through pay pal master

exxon mobil is building a new corporate campus just north of the city. the company plans to transfer thousands of jobs there from out of state. >> reporter: whatever the problems houston's housing market faces, the worst of the crisis is behind it. now the bayou city is waiting for the rest of the country to catch up. andrew schneider, "nightly business report," houston. >> susie: next week, we continue our focus on the housing. we head to las vegas, where investors are gambling on a housing comeback and look at whether the american dream of home ownership is still viable. >> susie: attention all scrap bookers! craft giant michaels stores is going public again. the company said it plans to raise $500 million in an i.p.o. and use the cash to help pay down its significant debt. michaels was a publicly traded company until 2006, when bain capital and blackstone group bought it. no word yet on how many shares will be offered or the price tag. the stock will trade here at the big-board under ticker symbol m.i.k. even though lotto mania spread to the n.y.s.e.

hacking sony and also the computer system used by fox broadcasting company rupert murdoch's news corporation according to u.s. authorities so some of these other defendants face as much as one hundred twenty two and a half years in prison according to the judge involved in this case yeah well one of of the hackers who hacked into m.f. global accounts but what about the hackers that hacked into the live or business multi hundred trillion dollar business they hacked into a lot bolder search they hacked in degrees destabilize the country were the penalties for these people exactly because all these guys are charged with in most of these cases in the sony and fox case that they just basically took down the site and they took some e-mail addresses and passwords ok that's the extent of it now who involved with the feds the f.b.i. and with them apparently it looks like from the time line that they in fact hacked strout four and then the feds encouraged them to use the credit card information they stole and used that to purchase seven hundred thousand dollars on these credit cards so that is a finan

might be paranoid i don't want to be too negative here we saw the obama administration roll up a new corporate rule for coal fired power plants hopefully you know eliminating those down the road we've seen fuel economy standards we are made. in progress here the question is are we making enough at a time when climate change is really sending us red flags you know he waves across the country to spring that we need to act now riles thank you so much for the great we're thank you place tonight germany just announced a two hundred sixty billion dollar investment in clean renewable energy or latest it's the largest investment in energy that that nation has made since world war two what prompted this massive investment in clean energy it was the decision to completely did nuclear power over the next decade after seeing what happened in japan with the fukushima nuclear disaster disaster that is still ongoing. more than a year into the nuclear crisis of fukushima radiation levels have now reached their highest point yet within reactor two of the crippled plant at ten times the immediate refill those t

if we just look at the way of the banks function these days every time you threaten them with a new corporate media regulation they immediately start to an action you need to try to make up for it and earn more money and then if everything is online what happens the fall back crashes one day and we have nothing to fall back on and actually think that last one is the best defense of at present you know i was out on the west coast we have our emergency preparedness kit. earthquakes and you know the american red cross as you have some small denomination bank notes in your kit there but you know i wonder if thirty years from now could we all just sort of have red cross dollars stored in that kit in case the electricity grid is off for weeks and weeks and that's what we transact and because the reality is we've mostly said yes to the digital money proposition already and that's not to say that the concerns you raise about banks or about scrutiny from credit card companies loans or capital p. privacy those are real and serious concerns but they exist already today and what's peculiar about the cash

like this point losses earlier this week emerging markets best first quarter for twenty years in corporate news its corporate results. joint. just revealed strong figures for last year as has gas produced net profit jumped seventy six percent. and graph says this year's profit will be twenty eleventh's record ten billion dollars foreign investment into roses shot up last year at sixty five billion dollars it's almost fifty percent more than twenty ten the preferred sectors will be finance insurance. and or lives up to its biggest decline in a week or proposed ventry social top bureau's high against the u.s. dollar off the news of an increase to biggest bailout funds and the ruble finished mixed against the main currencies it gained against the greenback to big euro and finally its hopeful come from boston standard is reportedly buying several it's highly in one or is the four hundred million euro deal with reports of russian standards to be one of the world's biggest alcohol producers and europe today bill most always on the website altidore thanks very much indeed daniel and in a few minutes i