A phone hacking scandal continues to rock the house of Rupert Murdoch, sending shares of News Corp plummeting as well as those of its acquisition target BSkyB.
The likelihood of Rupert Murdoch's News Corp being given UK government approval to complete its takeover of British Sky Broadcasting has "sharply contracted" over the last 24 hours, Alex De Groote, media analyst at Panmure Gordon told CNBC.
The storm clouds brewing over Rupert Murdoch's UK media empire are set to move closer, with the arrest of up to five employees expected within days, sources familiar with the situation told CNBC.com Thursday.
The fortunes of a Formula One race can change in a split second. When Sebastian Vettel, the 23-year-old star of the Red Bull Racing team, slipped up on the last lap of the Canadian Grand Prix this month, he allowed Jenson Button of McLaren to snatch away the victor’s Jeroboam of Champagne the New York Times reports.
For many dads, the greatest Father's Day gift imaginable is the sight of a son or daughter working beside him in the family business. Here are some CEO dads whose kids hold executive positions in their companies.
Eighty year old Rupert Murdoch will leave some very big shoes to fill whenever he leaves his post as CEO of News Corp. He's the ultimate media mogul, building a news and entertainment empire piece by piece, through acquisition and organic growth. So who's next in line for the throne?