The US Labor Department reported on Friday a surprisingly accelerated growth in the number of jobs available in the country in the month of July, offering a glimmer of hope towards the outlook of the country’s economy. According to the report released by the Labor Department, nonfarm payrolls increased up to 117,000 in the [...]
Despite reporting a rise in its profits for the first half of 2011, HSBC announced on Monday that it will be pulling out its operations in countries where they continue to struggle. In a statement released to the media, Europe’s largest bank said that a total of 30,000 jobs will be shed by the [...]
Members of the British police now face intense scrutiny for being too close and accepting cash from the now defunct News of the World and other newspapers. The police are also facing criticism of not doing enough to investigate allegations of illegal news gathering activities that have now been traced to as far back [...]
Media tycoon Rupert Murdoch apologized to the British people through a statement that was published as full-page advertisements in the country’s major newspapers on Saturday. On the top of the advertisement were the words “We are Sorry” written in big bold letters. It was then followed by a promise that News Corp. and Murdoch [...]
After weeks of unending pressure from British investigators and politicians, Rebekah Brooks finally resigned on Friday as chief executive of News International, the British arm of Rupert Murdoch’s media empire News Corp. Replacing her will be Tom Mockridge, a veteran at News Corp. who had spent the past eight years running News Corp.’s Sky [...]
News Corp.’s Rupert Murdoch refused a summon issued by the British Parliament on Thursday to answer inquiries in line with the phone hacking scandal that plagued its recently closed Sunday tabloid, News of the World. In an interview with reporters, Murdoch, a citizen of the United States, said that he will only appear before [...]
Rupert Murdoch’s hopes to build his media empire further hit a setback as UK’s Prime Minister David Cameron launched a widespread investigation into the British Press, forcing him to withdraw his bid to buy out British satellite pay-TV operator BSkyB. The decision came just hours before lawmakers, led by Opposition leader Ed Miliband of [...]
Results of a survey conducted last June showed a decline in the confidence level of small business owners in the United States. According to the announcement made by the National Federation of Independent Business (NFIB) on Tuesday, the optimism index observed among small business owners dipped 0.1 point to 90.8 from data gathered in [...]
Former UK Prime Minister Gordon Brown accused Rupert Murdoch’s news conglomerate News Corp. on Tuesday for employing criminals to obtain confidential information about him, his family, and his finances, as well as other ordinary people who were at “rock bottom” which they would later publish. The accusation came following questions raised on how the [...]
Australia’s top airline company Qantas Airways announced on Monday that they will be increasing their prices on flight tickets for their 2013 fiscal year. Domestic flight fares are expected to rise by about A$3.50. No announcement has been made if price hikes will also affect international flights. The price hikes have been set [...]