The Financial Landscape: Murdoch on the Hot Seat, Housing Starts Surge
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Murdoch on Trial
With the British Parliament opening hearings into the News Corp (NWSA) phone hacking scandal, Bloomberg reports that the media conglomerate "is considering elevating Chief Operating Officer Chase Carey to chief executive to succeed Rupert Murdoch," citing "people with knowledge of the situation." The decision will depend "in part" upon Murdoch's testimony before Parliament, for which he has reportedly been...