Company: News Corporation

News Corp. hit back at assertions made by the Leveson inquiry’s lawyer last week that its chairman and chief executive Rupert Murdoch may have been lying to it when he gave evidence, the Financial Times reports.

Rupert Murdoch faces limited risk of losing News Corp's <NWSA.O> broadcast permits in America, even amid screaming headlines in Britain that the media mogul is unfit to run a major company.

Not fit to run a major company. It is a damning judgment on Rupert Murdoch, a threat to his British assets — and a headache for Britain's government.

Satellite broadcaster BSkyB sought to distance itself from the phone hacking controversy on Wednesday after British lawmakers suggested the ties to Rupert Murdoch's News Corp might endanger its licence.

Rupert Murdoch and News Corp came under fresh attack by UK politicians Tuesday when a key Parliamentary report into the phone hacking scandal said he is “not a fit person” to run a major international company.

Foreign companies doing business in China must navigate a business culture in which bribery is rife, finding ways to remove obstacles to expanding in the world's second-largest economy without running afoul of local or home-country laws.

The News Corporation chief said Wednesday he wished to dispel some “myths,” a day after newly released e-mails pointed to ties between his media empire and the British culture minister.

The Securities and Exchange Commission has sent letters of inquiry to at least five movie studios including News Corp's 20th Century Fox, Disney and Dreamworks Animation over potential inappropriate payments in China.

James and Rupert Murdoch will be back in the eye of the storm this week as they appear in front of the Leveson Inquiry in the UK.

A lawyer representing the bulk of claimants in the hacking case against News Corp.'s UK newspaper business said the UK company, News International, faces 46 more civil lawsuits in British courts, the Wall Street Journal reported on Friday.

A British member of parliament who was part of an influential committee investigating phone-hacking by subsidiaries of News Corp has alleged in a new book that the company's New of the World newspaper investigated MPs on that committee in an attempt to gain details on their private lives.

British police said on Thursday they had arrested three people at addresses in Kent and Lancashire in their investigation into allegations of payments by journalists to police and public officials.

The London-based daily paper the Times, part of News Corp's UK-based News International, has been sued by detective Richard Horton, whom the paper had exposed as the author of an anonymous police blog by hacking into his email, Horton's lawyer told CNBC.com on Friday.

Recession, Dodd-Frank rules, and criticism from their own shareholders may have slowed the growth of corporate pay in recent years, but according to initial reports on 2011 compensation, the chief executives of publicly traded companies are hardly going wanting.

Rupert Murdoch’s media empire is facing fresh attack as the UK lawyer responsible for many phone hacking lawsuits is preparing to launch more suits in the U.S.