Rupert Murdoch closes the News of the World in an attempt to salvage the merger of News Corporation and BSkyB, the political deadlock over US deficit reduction plans continues and Buffett digs deep for good causes…we bring you the day's top stories.
Rupert Murdoch fought to rescue the merger of News Corporation and BSkyB by announcing the closure of the News of the World after a deluge of 11th-hour complaints to the Government appeared to delay the deal for months. Shares in BSkyB fell 1.8pc, closing at 812p on fears that the deal would be delayed. The announcement that News Corp would shut the News of the World was made after the market closed. In New York, News Corp shares edged up 0.5pc in afternoon trading to $17.55. MORE...
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