murdochs flat out lied when he spoke to the government leaders earlier this week, and he joins us from london when we come back. >>> new developments in britain's phone hacking scandal in depth tonight as the son of rupert murdoch comes under scrutiny. scotland yard was urged to open a criminal investigation into claims that the news corp. lied to parliament. this after a day of two former employees accused murdoch of giving mistaken evidence. he was the one hammering away at both murdochs about what they knew and when they knew it, and tom watson joins us from london. thank you so much for being here. you say this is the most significant moment in two years of phone hacking investigations, and it all centers on an e-mail involving an ex-news of the world reporter. explain. >> yes, the significance of this is the top team of news of the world are fragmenting. for the former lawyer to accuse murdoch of misleading parliament is serious in itself, and if he is accurate, and james murdoch disputes it, but if the lawyer is accurate it shows that james murdoch knew there was other criminal wrong do

zain verjee joins us from london. good morning, zain.ou're following a few tragedies this morning. we've got a train crash in india as well. >> yes. i just want to show you this dramatic video, ali. i was looking at this. twisted wreckage. this is the scene in northern india. what happened was the plane basically jumped off the tracks. 46 people were killed. hundreds of people take trains like this in india all the time and there are about a hundred accidents like this a year. ali? >> zain, we'll keep an eye on that. >>> admiral mike mull season in china. what's going on there? >> these are interesting and pretty significant remarks. he gave a speech at the university there, ali, and he said this. china has arrived as a world power. that's a big deal because everyone in the u.s. said china is rising, china is rising, not quite there yet. he's definitively saying, it is. the focus of a lot of his trip is focused the south china sea. why? because of the territorial fight that goes on between china, philippines, brunei shah, taiwan. they al

thank you very much for your insight there balkans politics expert marco gas which talking to us from london thank you very much. now r.t. dot com is available around at the clock for you to wash and use that you choose where here is a selection of what we've lined up for you online the new york hotel maid the word he uses the former i.m.f. chief of sexually assaulting her goes public saying she wants to see dominic straus garden behind bars. heroes of the world unite over europe or from comic-con in san diego and the biggest expo of fiction spinors stratasys. now a senior north korean diplomat has been invited to new york for talks on how to revive stalled negotiations on its controversial nuclear program while sudden media suggests he's already on his way to the u.s. now the move comes just days after top nuclear envoys from north and south korea got together for the first time in over two years during a security summit in indonesia and there they agreed to return to six party talks as soon as possible negotiations broke down after north korea's deadly shelling of an eis land belonging to

follow all the latest for us from london. turns out that it's police are saying that it's somebody who is actually a comedian who tweeted earlier on that he was going to do something to disrupt proceedings one person he was taken out in handcuffs essentially what happened is that he broke into this room where they hit the end of the proceedings were taking place and he pelted murdoch with what appeared to be a white substance that it may or may not have been shaving foam or something quite light and managers managed to get merged with it at which point mr mr murdoch senior's wife stands up and attempts to slack the process down to try to protect her husband question but that moment the proceedings were suspended for around fifteen minutes in the afternoon and then. murdoch's jr and sr came back and took the stand at the end of their hearing the committee apologized profusely for what they said was an unacceptable interruption by a member of the public this is a scandal which has implications throughout society the news corp e

. >>> this now comes to us from london, england, where thousands gathered to pay farewell to their favorite wizard. fans from around the world camped out for days and braved soggy weather to be a part of the lavish premiere of "harry potter and the deathly hallows part two." it sent spectators into a frenzy. many called it a fitting send-off for the boy wizard they watched grow up. >>> i'm veronica de la cruz. this is "early today." >>> a newborn giraffe made a big debut. weighs 130 pounds which is small actually if you're a giraffe. one day the long necked animal may grow up to 18 feet tall. for now after 15 months inside mom, arusha is sticking by her side learning to eat leaves and hay. very cute. >>> one course ames to show just how valuable life really is. in a country with one of the highest suicide rates, a professor in south korea developed a seminar to experience how it would feel to die. the idea is to show people all the reasons there are to keep living. 70 people took part donning traditional funeral robes and lying inside caskets. >>> first, the flash mob, now the latest global

sfwlirchlgts and this now comes to us from london, england, where thousands gathered to bid farewell to their favorite wizard and celebrate the final chapter of a classic magical story. fans from around the world camped out for days in soggy weather to be a part of the lavish premier of "harry potter and the deathly hallows part 2." the red carpet arrival of the film's stars sent spectators into a frenzy. many calling the last one in the franchise a fitting sendoff for the boy wizard they watched grow up. >>> i'm veronica de la cruz, and this is "early today," just your first stop of the day on your nbc station. >>> and this is friday. 73 degrees here in the nation's capital. good morning to you. i'm joe krebs. >> sounds like the beginning of your own friday show. >> i'm eun yang. welcome this friday, july 8th, 2011. we begin with the final shuttle mission. stormy weather threatens to delay the final launch for space shuttle "atlantis." here's the final look from the kennedy space center. nbc's jay gray has a preview of the shuttle's final mission in the 30-year program. >> countdown

. >> that was our reporter talking to us from london. >> shares in news corp. have rebounded by more than 5% tuesday, but the media conglomerate has suffered badly under the scandal. share prices plunged in reaction to the phone hacking scandal and took about 6 billion euros off of the value of news corp. since july 5. despite speculation about whether murdoch will be able to stay on as ceo, he made it clear that he fully intends to remain in charge. we asked about investor reaction. >> chase carey is a possible replacement is there is a replacement in the wake of this scandal. "the wall street journal" would perhaps no better than anybody else because the paper is also one of the properties of news corp. and the murdochs. we find it hard to imagine that the murdochs can remain after the allegations, finding what truth there is in the end, what responsibility, but they find it hard to believe that with a scandal like this that people who were at the operating helm can withstand this. the company itself, dimension house what the stock has dropped, it is not clea

sfwlirchlgts and this now comes to us from london, england, where thousands gathered to bid farewell to their favorite wizard and celebrate the final chapter of a classic magical story. fans from around the world camped out for days in soggy weather to be a part of the lavish premier of "harry potter and the deathly hallows part 2." the red carpet arrival of the film's stars sent spectators into a frenzy. many calling the last one in the franchise a fitting sendoff for the boy wizard they watched grow up. >>> i'm veronica de la cruz, and this is "early today," just your first stop of the day on your nbc station. >> live, local, late-breaking, this is wbal-tv 11 news today. >> good morning, everyone. we had some heavy rain around last night. flooding rain. there is some tree limbs down. but circuit hd doppler. some light rain exiting the northern suburbs. sprinkles from the pennsylvania line. we do expect some more thunderstorms later today. clouds, showers, and thunderstorms coming back this after noon. a flood watch is in effect. we'll come back and check the forecast for the upcomi

tom watson joins us from london.t significant moment in two years of phone hacking investigations. and it all centers on an e-mail involving an exnews of the world reporter. explain. >> yes, the significance of this is the top team at news of the world and news international are fragmenting. and for the former lawyer to accuse him of lying to parliament is serious itself. if james murdoch disputes it, and if the lawyers account is accurate, it shows that james murdoch knew there was other criminal wrongdoing in the company in 2008 and he failed to report it to the police. and he also settled a civil case with a crime victim for an astronomical sum of money that came in the confidentiality clause. so he could have been buying a crime victim's silence which in this country is an illegal act. and that's why i it to the police so they can get to the bottom of this. >> give us some very simple terms the nuts and bolts of what allegedly happened. there was an e-mail from one reporter to another about illegal hacking going

we are covering all of this for npr and he joins us from london, david, welcome. rupert murdock is in britain, who wants to talk to him and what about? >> there's a parliamentary committee hat has requested his presence, the presence of his son james murdock who is the top news corp. executive here in the united kingdom. and rebecca brook she's the chief executive over the news corporate newspapers here in the uk and she was editor and chief at the time of some of the most egregious alleged incident. >> do they have the power of a subpoena? >> there's some question about that. news international, the newspaper division has put out a statement saying that both mr. murdock, james murdock and ms. brooks will cooperate. but they didn't say necessarily that they'll testify so there's some question as to what form that cooperation will take. >> what does news international have to say about the latest allegations concerning former prime minister gordon brown? >> well he made these very anguished charges that news corp. had essentially targeted him, had sought to damage

this greg palkot reporting for us from london on the situation out of norway tonight. a fox news alert now. a fox weather alert. keeping emergency rooms busy. health officials blaming the brutal temperatures for at least two dozen deaths across the country. here in new york city we have set a new record for the day at 04 just a couple of degrees below the city's hottest day ever. newark, new jersey has, in fact, topped its all-time high hitting 108. just two degrees away from the entire state's hottest day ever back in the 1930s. imagine working, moving furniture, in newark today for the first job of the day at 9:00 a.m. it was already 90. >> it's feels like 100 degrees already. it feels like 115 in the truck. >> >> i'm not doing the second job. you can fire me. i goal home. >> in chicago, parents at one school saying their children are sitting through summer classes without airconditioning. there are some window units in the building but parents saying they cannot keep up with the extreme heat. school district officials saying they brought in extra fans and will not p

story let's now talk to rob lines deputy editor of the online magazine spike he's also joining us from london rob it's been known for years that the news of the world has been engaged in phone hacking yet it always been blamed on one or two rogue reporters so how was it allowed to go as far as it apparently has. well i mean i think the idea that it was only one or two rogue reporters was always a bit of a myth and i don't think very many people really believe that there was a pressure within the news the world to get the big score stories the big scoops. said by pretty much any means necessary. as it happens means that. if you aren't really all that new all that morally you feel like different from from the things that local newspapers and national newspapers have been doing for a very long time talking to the police about things maybe giving them some money for doing things were all you filtering through people's trash cans all the modern equivalent is listening to their answer phone messages so that kind of thing is kind of wars got on before but what's different about the last few days is

empire and a public inquiry has been promised by the government r t m it has the details for us now from london. it started off relatively tiny really with just we understood the news of the world have been allegedly hacking into the phones all celebrities and politicians and to be honest no one in this country really cares about that very much we will think that celebrities and politicians are sort of fair game as far as that kind of thing is concerned but then of course it's escalated when it was alleged that the sunday version of the newspaper has hacked in to the telephones of relatives of soldiers killed in combat and also that those who served in the two thousand and five loaves and gold rings the anniversary of which it is today in fact also the most shocking thing really for a lot of people in the first thing that was revealed was that news of the world journalists allegedly hacked into the telephone of a missing girl milly dowler who was later found to have been we also now know that allegedly senior police officers had been brought by the news of the world to course on criminal invest

. >>> let's go around the world with monita rajpal joining us from london.s are trapped. tell us about this. >> yeah, there are some 40 coal miners reportedly trapped in these coal mines in southern china. it's after a weekend of torrential downpours. pretty much destroyed or damaged the drainage system of these mine shafts. what's happening right now, these are two separate coal mines that reskted right now. there are some 19 miners in one and some 23 miners in another. also the rains are making it very difficult for the rescuers to come and actually get them out. another cause of concern for the rescuers is the fact that there could be toxic gas in these mines. as you know, you know, these kind of dangers and deaths within coal mines are not new in china. we understand that according to some official statistics in 2010 more than 2400 people have died in coal mine accidents in china. some people are saying those are a sufs shul statistics. the numbers could actually be much higher. ali? >> monita, let's talk about yoou hugo chavez. we saw him. we have pictu

. >>> and much more on the rupert murdoch scandal ahead as martin bashir joins us from london. >>> andt the gang of six says, let's make a deal, and will the republicans in the house say no? stay with us. a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. [ male announcer ] introducing mio. a revolutionary water enhancer. add a little...add a lot. for a drink that's just the way you like it. make it yours. make it mio. >>> you never want to doubt washington's endless capacity to disappoint, but you know it is possible, just maybe that if things go just right that there's a chance, a small one, a sliver of hope that we have had a major breakthrough here on the debt debate. today president obama made a surprise appearance in the white house briefing room to address the debt negotiations and began by describing how he sees thing, but then he brought up something new, the revival of the so-called gang of six. senators from both parties who are suddenly and some say u

from this scandal. so to get some of the latest on the investigation and a preview of what will happen in today's speech, martin flesher joins us live from london. there is an emergency session of parliament today, this has brought david cameron back into the country to be able to speak before the people there. what do we expect to hear? >> that's right, today's highlight, every day brings some dramatic development. today the star there will be david cameron. he actually called for the emergency session. he cut short a trip to africa to try to take control of this. he'll face a grilling, though. the key questions will be very significant questions for him. why did he hire a former news of the world editor despite warnings, how much did he know about the phone hacking investigation, when did he know it, and also whether anyone had any role into the phone hooking. he also faced questions about how many times he met murdoch and top staff. but the key issue is did corruption in murdoch's newspaper and increasingly among the police, did it spread to 10 downing street. so it will be a fascinating session in parliament today set to start in about an h

first princess since his mother, princess grace died nearly 30 years ago and lama hasan joins us from london with details of the wedding that according to some almost didn't happen. >> reporter: almost didn't, you're absolutely right, yes, good morning to you both. well, the bolting bride she was not. charlene wittstock showed up and wore a chanel suit for the civil ceremony and will be known as her serene highness, princess charlene. a balcony. and a kiss. it could only mean one thing, after five years of courting prince albert of monaco has finally tied the knot with his fiancee, former south african olympic swimmer charlene wiwistock. [ speaking french ] >> reporter: they used the same red draped throne room as his parents didimore than 50 years ago when prince rainier iii wed the beautiful hollywood actress grace kelly. just like kelly wittstock went from being a commoner to a princess but the marriage reportedly almost fell through eaeaing her the nickname the bolting bride. l'express claimed she was on her way back home with a one-way ticket after she learned that her prince had anothe

paul mcmullen joins us from london.ge in any phone hacking yourself, knew about it, went along with it. is it morally wrong for journalists to tap into the voice mail of some celebrity or royal family member? >> well, i've always said no. my argument is if you want to have a free democracy and an open society where politicians behave well, you have to have a press that is allowed to stray into the areas of the dark arts, i.e., not the illegal area, to catch people out. fundamentally you don't go to a politician and say, hello, i'm a "news of the world" reporter, are you having an affair with your secretary while presenting yourself as a happily married man. you've got to be more clever than that, you've got to catch them. i think that's the public interest defense, that sometimes it's in the best interest of the country to have -- after all, who polices the police and who polices our politicians if it isn't a free press? >> if journalists are going to try to police politicians and the police andon'theysibity tol? >> the

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, bill, there is the other aspect here which is, it's gone beyond media it's now touching the police

joining us now from london with more, nima, can you bring us up to date? at present, randi, our understanding is that although rescue workers have been able to access the island where that second incident was going on with the shooter, that police now believe that there is reason -- strong reason they say, to believe there are explosives on the island. they say they are treating both crime scenes as an ongoing incident. they've asked oslo residents to stay indoors, away from the city center, not just this evening, but throughout the weekend. asking people not to use their mobile phones, to free them up for emergency services. and they say the most important thing is to stay away from gatherings, randi. >> so if i'm understanding you correctly, it sounds like the situation may not be over? >> well, that is their concern. that after the explosion, and it was a huge explosion. and we spoke to eyewitnesss as far away as 6 kilometers who heard it. the emergency servicers who came into the area, sboor the center of oslo only to discover there was a second incide

nbc's chapman bell joins us from london with the latest. good morning. >> reporter: good morning.uge development in this case. just a short time ago we learned that former editor of "news of the world" rebekah brooks was arrested in connection with the investigation. brooks was just until last week a senior executive for rupert murdoch's media empire. she's being questioned on suspicion of conspireing to intercept communication. it comes as this scandal continues to spread. issuing a fresh apology in some of the uk's other papers including "the sunday times" his remaining sunday publication, putting right what's gone wrong, promising to compensate those effected and full cooperation with the police. for those involved, there's no place to hide. but what has gone wrong for the media mogul? the most recent fallout from the hacking scandal, two chief executives of news corp., but more could be in line. scotland yard has come under heat. sir paul steephenson answered questions. >> i have not acted inappropriately. >> reporter: police deny any wrongdoing after he received a free retrea

journalists north trouble is joining us now from london to give us a few thoughts of his own about what's unfolding in front of our eyes we. see the waves of the scandal to get the feet of the british pm oh now are they well the public what do you think well of the moment they are all ready to leave. kaufman and the new skin or well west for the prime minister should resign but there is a lot from the point of view of. the conservative the tories they don't feel that one has to resign but we don't know how it will go in the next few days every did you arrest on you nation. that will come in the next few days and then we'll see what the prime minister's position is but at the moment it doesn't seems likely that a promise there will be resigning or there's a general feeling isn't there that he hasn't handled it very well. well i feel that . i can see that he didn't not at the beginning and it took him a while and miliband actually was leading the the schole but as soon as he realized that there were this kind of was too big and it could not be backtracked and longer continue as i think the

us they are doing what they can, but it is clear the battle is not one. -- is not yet won. >> you have been watching newsday from the bbc. i am in singapore. >> and i am in london. from all of us in london and singapore, a big thank you for watching bbc news day. by-bye for now. >> makes sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. ♪ >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> "bbc world news" was presented by kcet los angeles. " newsday" on the bbc. >> libya condemns britain's decision to expel all of colonel gaddafi's diplomats after recognizing the transitional council as the new government. an independent inquiry in a way into the attacks and they say the country will not be made to cowger. >> and with just a year to go until the london olympics, the head of the ioc extend an invitation to the world's athletes. it is 11:00 a.m. in singapore. >> and it is 4:00 a.m. in london. broadcasting to viewers in america on pbs and around the world. this is "n

thanks so much for joining us from london. >>> coming up, michele bachmann, front runner?'t laugh. it's happening in iowa and she's got tons of momentum in new hampshire too. i'll ask our crack political panel, is mitt romney hearing footsteps behind him? just as importantly, is president pooem? [ female announcer ] goodnight gluttony, a farewell long awaited. goodnight, stuffy. goodnight, outdated. goodnight old luxury and all of your wares. goodnight bygones everywhere. [ engine turns over ] good morning, illumination. good morning, innovation. good morning unequaled inspiration. [ male announcer ] the audi a8, chosen by car & driver as the best luxury sedan in a recent comparison test. in servicing clients that serve our country. my name is marjorie reyes. i'm a chief warrant officer. i am very grateful and appreciative that quicken loans can offer service members va loans. it was very important for me to be able to close and refinance my home quickly. i wanted to lower my mortgage payment. quicken loans guided me through every step of the process. the whole experience

nbc's tazeen ahmad joins us from london with the latest. and tazeen, with another good morning to you, i know the singer's own mother had said that she wasn't well. what do we know about her recent health? >> reporter: i mean, we know that she wasn't doing well at all. she was thin. she was disheveled. there were clear signs of acknowledge and drug abuse. her own mother, who saw her apparently the day before she died, declared she was out of it. she also hangs on to the fact that the last words amy said to her were "i love you, mom." so she's holding on to that. but obviously, both parents, mother and father, have been saying quite publicly for a couple of years now that they expected her to die. her alcohol and drug abuse had got so bad. she in fact checked herself into a clinic just last month, the month before, for a whole week where she spent time after she had to come off her tour because she was incapable of completing, even starting with the tour. after she spent a week in rehab she then was out and then she was an outpatient for sev

abc's jeffery kofman joins us from london with more. >> christiane, this is the final issue "the newsworld." what was the biggest selling paper in the england language. inside no ads but filled with apologies. it is much more of the story of a mi demise of a paper. it's a scandal some compare to watergate, ultimately, the question is asked what does it moon for the murdock media empire. >> reporter: if "the news of the world" covered it own demise the headline would read -- tawdry tabloid die, no one cries. the paper's cause of death? self-inflicted by the reporters, editors and owner. media baron, rupert murdock. >> "the news of the world" was a criminal organization. for years "the news of the world" delighted and enraging, and embarrassing politician, celebrities and royals. by exposing their failings. the public loved it and sold 8 million copies each sunday, bringing in huge profits. for a decade, the paper ducked a nagging scandal about its news-gathering methods. this week, that changed. all because of this girl, her name, milly dowler, in 2002, britain was riveted by the story

nbc's mike tiabbi with us tonight from london with more. mike, good evening. >> good evening, brian. even among media watchers who have been transfixed by this story, there was one reaction i heard several times today, we didn't see this coming. the news of the world, the lynch pin of rupert murdock's media empire, gone as of sunday. >> reporter: the latest allegation that may have been the breaking point that grieving relatives of british solders killed in action have had their cell phones hacked and their voicemail messages accessed. >> if the actions are proved to have been verified, i'm appalled. i find it disgusting. >> reporter: prime minister david cameron and both sides of the aisle in a rare emergency session in the house of commons. all in agreement that the public needs to know who was hacked, who did it and what they're doing about it. >> obviously the people responsible must pay a penalty. >> reporter: in fact while 80-year-old rupert murdock dodged reporters' questions, his son james said if the allegation is true, the breach

martin bashir joins us from london.ll be right back. [ male announcer ] if you're looking for a pickup truck, check out the miles per gallon. the length of the power train warranty. and the horsepower. only ram delivers this kind of muscle. that'll thin out the herd real quick. guts. glory. ram. >>> live pictures from parliament in london where the fireworks started at the get go as david cameron has been testifying. peter alexander is joining us now. we have the host of msnbc, martin bashir. where do we begin? what a display of emotion on both sides. and defiance. >> defiance on cameron's part. ed came in with very damaging questions, a damaging line of questions. then cameron came back with a good bit of evidence that this is how business was done with brown, blare. the entire group has been this way for some time. explain british politics and the british press. >> what you have seen is a antagonistic -- when they throw questions at the prime minister, the prime minister is able to say of your 32 lunches with the medi

attack from the lights when we must be really steadfast against us all right robin simcox thank you for bringing us up to date with your thoughts the research fellow as you are joining us live from london thank you. of course you can follow this latest as well on twitter feed to underscore com as well so look some other news now and major u.s. credit agency says it will downgrade the greek debt to default status as a result of the second bailout for the country the plan agreed by your leaders includes both government and private loans totaling around one hundred fifty billion euro the move is boosted the single currency for now but critics say it's only plunging the struggling eurozone into an even deeper debt hole in the future r t during a bushels got the details from brussels for you. they're putting a brave face on it question remains how much can we believe what they are saying germans have come out jungle medical same this is a significant step this package is very good for europe as a whole and good for germany and it is. historic duty she said to greece now that we've seen the. income vince that europe will emerge stronger from this crisis. there was no. solution to this and it

nbc's martin fletcher is monitoring developments for us from our london bureau tonight. martin, what's the latest? >> lester, norway's prime minister called for calm and unity in this difficult time. norway, of course, known as a small, peaceful country. that was shattered today in the hardest way. it is the worst attack on norway since world war ii. 3:30 in the heart of the capital, a massive bomb blast outside the prime minister's office. at least seven dead, 100 wounded. debris over half a mile away. across the street, the oil ministry was in flames. >> buildings were on fire. it was complete chaos in the streets. we saw injured people being carried out of the building. >> the people were basically shocked. people were confused. people were asking what happened, how could this happen? and they weren't really aware of what to do or where to go. >> reporter: police suspect a car bomb and with fear of more bombs, police warn people, leave the city center or stay at home. two hours later, another attack, on an island an hour away. a man dressed as a policeman approached a

author of "murdock, the making of a media empire" is joining us from london.t mr. murdock. you know him very well. how much do you think or do you know that he knew about these methods that were being used? >> he cannot have known because he would have stopped them long ago. they are absolutely appalling abuse of journalistic procedure. unforgivable to tap the phone of a murdered schoolgirl or the phones of relatives of troops killed in iraq or afghanistan and murdock would not have tolerated it. i'm afraid that -- >> i'm soer are. i when you think about what was done and the despicable things done, do you think he made the right call of just canceling it? it's done? >> it's a very difficult call because it's a very old historic paper which has a very great history, though it has committed abuses in the past like all tabloids do, but it's also exposed a lot of fraud and misdeeds, most recently it exposed corruption in the pakistani cricket team which was an important story. it's very sad. it's sad for also for the 200 people who work there, frightful for them.

>> stephanie gosk starting us off from our london bureau this evening. thank you. >> murdoch's news corp. is an american company, and, thus, the scandal unfolding overseaed could have a huge effect over here. michael izikopf is with us with more on that. good evening, michael. >> good evening, brian. there are new signs tonight that the british phone hacking scandal is creating growing legal and financial troubled for one of the biggest and most powerful media companies in the world. rupert murdoch's news corp is a media giant that has brought moviegoers titanic and "avatar and cable viewers everything from the fox news network to the national geographic channel, but now the $39 billion corporate empire is facing its biggest crisis ever. the escalating scandal in great britain has already spilled over to u.s. shores. in two weeks the company's stock has dropped 21%, an $8 billion plunge in the market value. late last week, a top murdoch aide for decades and publisher of the most prestigious newspaper, "the wall street journal," resigned. there are damage