you can't underestimate the extraordinary fall from grace of rupert murdoch in britain. now, one area it hasn't been so badly hit, which you may find surprising, is the share price, despite the troubles at murdoch, news corp. share price continuing to hold up well. when the guardian printed the hacking story on july 4th which led to the downfall of the news of the world, it led to a significant fall, not surprisingly, in news corp.'s stock. after losing a quarter of its value in just five weeks, news corp. stock closing on thursday at $19.01. that's up 39% on the august low back here. it's also 5% above the july fall level, charles. >> it certainly seems investors have reasonable confidence in rupert murdoch which is more you can say for his own journalists and media regulators and politicians here. let's take you on to the european stock market action starting here in europe. the global mining giant reported a 6% drop in full-year net profit but said underlying earnings rose 23% from 2010 to just over $6 billion on strong performance in its iron ore and coal business. i

has had enough. >> everyone i have talked to thinks that they would be sold shortly after rupert murdoch steps aside or dies. that is a reality people are facing on the board. people have always felt very protected by murdoch. this really changes that dynamic and it puts them in a situation where it is the their their reputation or his. >> as rupert murdoch left the building, his staff is fearful of the weekend. saturday is the favorite day for police to raid a journalist homes. >> the british prime minister met the french president for a summit which was aimed at patching up their differences over europe. a new defense agreements were signed. david cameron says the relationship has never been stronger. president sarkozy says the differences have never been personal. >> it was not so long ago that the french president called david cameron to shut up and called him obstinate. david cameron began by wishing the man he called his friend all the best with his reelection campaign. >> i admired nicolas sarkozy's leadership, courage. he has achieved great things for his country. >> president sa

it does have the danger for rupert murdoch and it's a major danger of becoming an investigation in thes well. >> why is murdoch's response to this to create another newspaper. a former newspapers executive who said let's accept that these are toxic properties they're severely damaged and have no value to anyone but him. if they're toxic properties and they're shut down to make the news go away, is the champ of starting a newspaper just so great he can't resist it? >> well, it's partly that. well, for decades he has loved to be unpredictable. he loves the idea of during defense into attack. he loves the idea of being able to snatch victory from the jaws of defeat. i think that's classic rupert murdoch. let's be frank. "the sun" on sunday sold three three-quarters million copies. it could be a successful tactic, but what he had not imagined 24 hours of that launch he would be hit with an avalanche of fresh and devastating allegations on a criminal and industrial scale. as he succeeds on a commercial enterprise, he is under relentless pressure once again. >> robert moore, thanks so much f

now, the youngest son of rupert murdoch is stepping down as executive chairman of news international- the british newspaper division of his father's media conglomerate. james murdoch oversaw "news of the world," the tabloid engulfed -- and ultimately driven out of business-- by revelations that journalists regularly hacked voicemails of celebrities, politicians and even crime victims. murdoch and his deputies all said they had no idea what was going on. >> i feel regret. clearly, the practices of certain individuals did not live up to the standards and quality of journalism that we believe in, and that i believe in, and that this company believes in. >> ifill: but the disclosures kept coming. murdoch twice changed his story about what he knew and when. some lawmakers were left incredulous at this parliamentary hearing in november. >> mr. murdoch, you must be the first mafia boss in history who didn't know he was running a criminal enterprise. >> mr. watson, please. i think that's inappropriate, mr. chairman. >> ifill: the growing outcry led the murdochs to shut down "news of the world

. >>> rupert murdoch to the rescue. the news corp. chief flies into london while journalists at his best-selling british tabloid are arrested. >>> and friends and colleagues pay tribute to whitney houston as fans buy up her albums in bulk. >>> they left it late but finally they did it. greek lawmakers last night approved a range of cuts designed to try and secure a second bailout for this one. greece's national unity government secured the backing of most politicians inside the parliament but, however, the mood outside the parliament wasn't n.e.a.r.ly as supportive. tens of thousands of greeks turned out to protest against a further $4.4 billion worth of spending cuts. as these images show, the demonstrations turned violent in many places. at least ten buildings in athens were set on fire. at reason for this atmosphere is clear. greece has an unemployment rate of 21% and 48% of this country's young people are currently out of work. greece as such is stuck in its fifth year of recession. it's a case of desperate times, desperate measur

is rupert murdoch our muse? >> i don't think so. i think they have similar issues in they both had a big empire. rupert murdoch's empire was larger than luce's ever was. i don't think murdock, although i'm sure he has a political view, that's not really important to him. it's really just a moneymaking institution in the fact that it's generally conservative and sensational. it is mostly because that makes money. so, i think murdoch is not like luce. i think luce had a vision. i think murdoch had a company. >> let me include roger ales in this and see if anyone on the panel wants to take up the question. >> i want to steal a march on my friend mike over there. my "m" word is mccormick. in the tower of the tribune tower. this gentleman, robert mccormick. he was the publisher of the "chicago tribune." referred to franklin roosevelt as a dictator with regularity. when martin luther king died, he said he had it coming because he told people they did not have to follow the law. "the chicago tribune" was as powerful as fox news. it was the

john. >> reporter: corruption probe going alongside the hacking investigation, that is seeing rupert murdochumble pie. this is the most humble day of my life. >> reporter: and murdoch's heir- apparent, son james, has come under fire, too. they're not just fighting for survival of the murdoch em -- empire, but for the legacy of the man who built it. >> a british lawmaker says it is to late because the trouble from murdoch's paper hasn't come from a few bad apples but an entire orchard. >>> kai jackson is in the newsroom with more on the appeal. >> reporter: prosecutors want to reinstate the murder convictions of knox and her former boyfriend, in the brutal killing of a british student. it's been more than a month since the appeals court threw out the murder convictions of knox and solecheto. now, the prosecutor's appeal is the third and final stage in the criminal case against knox and so11ito. >> reporter: the high court is expected to issue its decision at the end of the year. >>> volunteers found what police call a testament with powell's name on it. some books with his wife's name on it.

you will hear from rupert murdoch and how his father are went up against a general to save the lives of countrymen in the trenches of world war i. come along for a glimpse of combat journalism. what some have called the first draft of history. war respondents have to be able to -- corresponders have to be able to deal with absolutely anything. >> they were so close. >> the truth comes out in wars. there is so many witnesses. >> sometimes you just feel like it is too much and just feel like closing your notebook. >> over all of the wars that you have written about which one was most accurately reported at it happened? >> i would have to say none of them. >> phillip knightly is a journalist and author. william howard russell. he was the first civilian sent to the front. before then generals reported their own wars. >> this was fought in a part of eastern europe now called the ukraine. it began in 1853 over control of holy sites in jerusalem and nazareth and pitted six countries against russia. the times of london sent their reporter, william howard russell to the front. >> we have a tr

a warning from rupert murdoch to his reporters as britain's phone hacking scandal heaps up again. >>> it feels like spring. but winter is not done with us yet. >> wjz 13 is always on. for the top stories on wjz.com, for instant updates and weather, go to wjz.com. ,,,,,,,, >>> beautiful sunshine yet again. i mean, we are a broken record. but that is going to change. >> you know -- >> we're going to be singing a different tune this weekend, right, tim? >> yeah, dog sleds, snow shoes, all of it. >> all of it? >> no. >> we shouldn't say it. we are joking. this is a joke. >> viewers can't see what we see, but in the weather prompter, it says, weather with king timothy. mary and i didn't write that. >> i didn't either. that's because of the football challenge. i'll wear the crown happily. we are looking at a forecast that is very, very tricky. we just used the term tricky. but you'll understand as much as we do as we start to talk about this. right now, we're at 52 degrees. 26 is the dew point. winds from the west/northwest, at 13 miles per hour. 52 degrees means we are already well above a

more fallout for rupert murdoch's media empire. >> could great britain's phone hacking scandal lead tol of another newspaper? ,,,,, >>> heavy fighting. government forces have been shelling the rebel city of holmes for more than a week. act vivments say the attack was fiercest so far. the united states is backing a plan to deploy an international peacekeeping force to syria. >>> pakistani police briefly detain an american, after bullets were found in his luggage, at the country's airport. police later found out the man was a u.s. embassy employee and released. the american was flying back to islamabad, where he is usually based. it is still not clear why he had 13 bullet negligence his luggage. >>> rupert murdoch is facing another crisis in his media empire. there are rumors that he may shut down his flagship paper, the sun. charlie d'agata reports for wjz, from london. >> reporter: rupert murdoch is expected to return to london this week, in a desperate attempt to contain a crisis that won't go away. in fact, it just got even worse. now he's facing a showdown at the newsroom of the cro

it is a bold attempt by rupert murdoch to try and recapture some of the sunday paper market.e must now know his troubles lie in the u.s., his journalists may have landed him in big trouble by allegedly paying police officers here in the uk, which is an offense in the united states. dan rivers, cnn, london. >>> and sticking to the world of print media, you might have noticed your copy of "the economist" has gotten fatter. it's just made an expansion to one of its sections in 70 years the details 0en that. plus an exclusive with the economists editor in chief when we come back. @ >>> hello and welcome back. you're watch be "world business today" live on cnn. >>> earlier this month, "the economist" expanded its regular coverage of china. its editor in chief said there was no singular event that prompted the decision, just china's rising economic fortunes over the past few decades. ramy inocencio sat down with the editor for his reaction about today's china 2030 report from the world bank and sounded him out on what it could take for china to invest in europe. >> reporting about

somebody else says you have written who recently joined twitter is rupert murdoch. he doesn't exactly censor himself for opinions. he's written some nice things about rick santorum's presidential candidacy and took a short at andrew cuomo calling him chicken cuomo. does that raise questions about the news organization that is murdoch controls? >> no. i think that's very congruent with what people expect him to do. i think it's been a good luck into the inside of his head. he's rupert murdoch. he lives a life beyond consequence, let's face it. he controls his board. he can pretty much do what he wants. and i think he oddly understands twitter and what it can do, and it's been good. i mean, i don't think it's a bulletin to anybody who follows rupert murdoch or reads the news that he's somewhat conservative in thinks political views. >> and not to put too fine a point on it, who is going to tell him not to. david carr from "the new york times," thanks very much for joining us. >> always a pleasure to talk to you, howie. >>> coming up in the second part of "reliable sou

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am standing here with these microphones makes you feel like what rupert murdoch must have felt like this morning. i have no direct knowledge of the cloud. [laughter] let me make a small correction since my academic colleagues -- you're so sensitive to this. i am lecturer at stanford university, not a professor. that is another level of this conversation teary let me extend the conversation a little bit. one of the things that it was after i left or go, i taught for many years at stanford and talk, as i told the kids, real stuff. i started a class on cloud computing. three years ago, i started a class at the university in beijing as well on this subject because i feel it is really important. we are in my opinion in the second year of a 20-year cycle that is no different than the client server cycle that happened last time around, and i think education is an important component of this. so i'm going to take my four or five minutes to educate you guys a little bit on what is this thing we call cloud computing. i'm going to try uses much plain english as i can, leave all the technical buzzwo

and rupert murdoch launch as new newspaper in england. bay area !ews from verizon wireless and xfinity from comcast. now get the xfinity triple play and verizon wireless together. call 855-704-7400 to sign up and get a free smartphone. choose one of our hottest phones. verizon wireless and xfinity. tv, home phone, internet and wireless together. >>> three people are dead tonight after a train derailed in canada. the passenger train was traveling from niagara falls to toronto this afternoon. 75 people were on board. the three killed were railroad employees and it damaged buildings. no word on what caused the accident. >>> judge today delayed start of the trial to determine the civil liability in the nation's worst oil disaster. the trial stems from the explosion and plast in the gulf of mexico. 11 workers were killed that led to a $206 million oil spill. it was set to start tomorrow but it has been delayed till march 5. bp, the owner and construction contractor, are some those named in the lawsuits. mese in long beach are trying to determine how a fi

remember rupert murdoch, was in the house of kingdoms said it is the most humble day of my life. >> rose: anything that happened in your hacking scandal diminish your support for james murdoch? >> i mean how could this happen when this happened in a newspaper, how could this be affecting my relationship with james murdoch? he was not involved in that process at all no, he made decisions and the families in the uk and he is settling with everybody else. so my support to james is there because they are not involved in it. i will say the people that are in that bogs should be fired completely. >> rose: you suggested to the people this he should fire rebecca brooks and she was fired immediately after that. >> rose: so you were responsible for her being fired. >> no, i don't claim that at all because rupert would not have continued with them anyway but ethics and moral are very important to me in any dealings and i know james but not involved in the process at all. >> rose: what do you think of fox broadcasting, the fox news company run by roger ahls. >> i think it is doing great. >> rose: yo

, wjz eyewitness news. >> 1500 people are expected to attend tomorrow's fume. >>> media mogul rupert murdoch again answering questions about the phone hacking scandal and charges of bribery. >> reporter: murdoch is addressing all employees to address all of the allegations. comes less than a week, after they were accused of paying bribes to police for news tips. murdoch told reporters, illegal activities will not be tolerated. but said workers suspended amidst police investigations can now return to work. murdoch also has no plans to shut down the sun tabloid, which is britain's best selling paper. in fact, he plan toss now roll out a special sunday edition. >> last july, he was forced to shut down the 168-year-old news of the world. stair a toddler is discovered walking all alone in washington, d.c. eyewitness news is live. jessica kartalija is live to explain what happened. >> reporter: it was along a busy street in washington, d.c., where two friends on their lunch break saw a toddler wandering all alone. >> as we seen her wandering around, we had actually stopped the little girl becausey

not even rupert murdoch would come up with that. we just did that because it is what made us feel good. now we are thinking, with the burning man project -- it is interesting. my partners and i are thinking beyond our lifetimes. it is a bit of a legacy project. which is really interesting, an interesting exercise. that makes you feel differently about the present. so what would make something that durable? what would keep it alive that long? we have been alive and have grown for a quarter-century. it may not be hard to imagine an entire century at all. now we are found in an institution that will house and generate culture, and function as a community. wondering how we can be sure that it is not perverted, subject to internal divisions, will not perish. and that is a really good exercise, too. think about doing something that will last 100 years. >> thinking about the next couple of minutes, we should have questions from audience members. who ever has a question, start lining up. i'm going to ask one more and then we can start going

. >> reporter: rupert murdoch also released a statement honoring colvin's more two decades of work forhe paper saying she put her life in zane other many occasions because she was -- danger on many occasions because she was determined. >> the brutality of the assad regime becomes ever more apparent each day as each day goes by. >> reporter: a friend and fellow colleague of french journalist remi ochlik talked about his talents. >> he was caught between bad luck and ballistic reality. that's t. it happened to him and other colleagues. he was doing his job and deit well. >> reporter: the french foreign ministry says it's -- [indiscernible] -- and recover the bodies of ochlik and colvin and return them to their families. >>> deadly riots continue in afghanistan over reports that nato troops burned copies of the quran at a u.s. million dear base. -- military base. seven people have died. the books were removed from shelves at a detention center library and mistakenly sent to be burned. general john allen apologized and has ordered an investigation. a source claims inmates were using the bo

>> i think rupert murdoch is at this stage really honestly at the top of news corp. and he is an amazing person and he's still going. what's really key is the future of the dynasty within newscorps and whether it will be further damaged by these allegations and may potentially be forced to re-sign is his son. >> thank you so much. just want to remind everyone that we're talk iing about alleged -- >> of course. >> alleged deeds here. >>> let's move on and talk about italy. the situation in greece is, quote, massively different to that of italy according to the country's prime minister mario monti. karen is on the ground in milan. what else did mario monti say? i know he talked to maria about the labor markets, that is still the sticking point in the italian economy. >> reporter: it is indeed. this is one of the key challenges, mario monti is trying to achieve. he's already brought about reforms to competitiveness in industries such as taxes by issuing more licenses, allowing more pharmacies to open up, changing fees that lawyers charge. these are the key initiatives a

. >>> rupert murdoch says he will not close down his best-selling newspaper "the sun" after five employeesere arrested for allegedly paying bribes to police and other officials. >>> boeing said the problem with the fuselage of the new dreamliner is being fix and will not slow down production. >>> and for valentine's day, a survey says most men who buy flowers give them to their wife or a significant other. only a third buy them for their mothers. and on valentine's day spending on chocolate and gifts is expected to hit nr than $125 per person this year. on average men spend twice as much as women. >>> well, coming up kobe wins it for the lakers, and the celtics bounce back. >>> plus, the red wings chase an nhl record. >>> and one more. cinching a few lone putts like this one rallies him to the head of the pack. your early morning headlines are straight ahead. >>> and it's a winter monday morning brks tu rest of the week looks like spring. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, having playe

now based in new york, rupert murdoch's young assange is an executive with the parent company. will now be concentrating on the television business. there is some flash photography here. >> it is a move full of symbolism. james murdoch's day-to-day involvement with his father's newspapers and did last year. it comes as a relief for him. he does not have his father's passiond so that he gets out of the firestorm. hacking was a news of the world. while they kept asking questions, he was a forced to admit to mistakes, in one case with his father by his side. >> with the benefit of hindsight, we can look at all of these things. if i knew that what i knew now, we would have taken more action and move faster to get to the bottom of these allegations. >> he is not the first executive to go. rebecca brooks, the managing director quit last summer. since then, the scandal spread with allegations of corrupt payments to police and other officials asked by journalists on the "sun." that is a problem for the parent company in new york. >> i think the executives in new york will not allow the

rupert murdoch on the media. george bush was president. norman lear had his pulse on american culture for 30 years. why cannot figure out how to deal -- deliver a message that is important and happening? >> that is important. we can find messages that speak to people where they are. they can also have some satire like stewart or colbert. there is the idea of exposing with satire. it opens people's eyes to the hypocrisy and corruption of our politics. the problem is you want the captivating stories and images and vocabulary, but a lot of the colbert-stewart stuff is so absurd and over the top that people do not want to get engaged. >> that is where a large number of people get their news. >> i think the obama campaign was a pivotal point, bringing people in. now they leave. there is the possibility that people will come back in. i agree with that movements also have their problems. i think it is a moment of people waking up to the possibility of engagement in different ways, where they are, in communities, finding ways -- it is important no

murdoch mess. more news corp. journalists arrested in britain this time on bribery charges. does rupert still have an ironclad grip on the company that he founded? >> i'm sue herera with simon hobbs and of course brian shactman. and "power lunch" begins right now. >> little bit of risk-on. little bit of greece off. markets relieved but not convinced of greece getting resolved. up 63 in the dow. just a few minutes ago it was up 50. so we improved in just the last three to four minutes. nasdaq .75%. the pulse of the markets, look at oil higher on that risk appetite returning and holding above $100 a barrel. gas creeping higher on supply worries. and we're keeping a careful eye on the euro right now. 1.32 almost even. midday movers, lowered estimates and raised forecast for the eye drug it has; that stock up 13.25%. priceline hitting another all-time high. unbelievable that share price of $568.52. on the downside first solar sinking after a downgrade. that stock down 5.5%. monster worldwide down 4.5% after citi downgraded it citing competitive pressures from linkedin and career builder. le

. >>> rupert murdoch says he will not close down "the sun," after five employees were arrested afteregedly bribing officials. >>> and for valentine's day, a survey says most men who buy flowers give them to their wife or significant others. only one-third of them buy them for their mothers. you still have a day. you have no excuse. >>> and valentine's day spending on chocolate and gifts are going to reach $150 per person. on average, men spend twice as much as women. >>> coming up, kobe wins it for the lakers. and the red wings chase an nhl record. and sinking a few long putts like this one, rallied lefty to the head of the pack. sports is straight ahead. okay... is this where we're at now, we just eat whatever tastes good? like these sweet honey clusters... actually there's a half a day's worth of fiber in every ... why stop at cereal? bring on the pork chops and the hot fudge. fantastic. are you done sweetie? yea [ male announcer ] fiber beyond recognition. fiber one. hey, i love your cereal there-- it's got that sweet honey taste. but no way it's 80 calories, right? no way. lady,

economy in this country, thanks to the corporate media and numbing and diming us down, thanks to rupert murdoch and the koch brothers. the can of this community -- canabis community is the canary in the mind of democracy. we are willing to pay taxes. yet the people who want a small yet the people who want a small government to drown in