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Thursday, June 28, 2012 3:59 AM PDT

Today's Reuters News Headlines - Yahoo! News: "Monster" Colorado wildfire rages; Obama plans visit Supreme Court to deliver Obama healthcare law ruling Analysis: Republicans may take aim at Holder in court News Corp board approves company split: source Stockton, California, to file for bankruptcy California governor signs budget, closing deficit Former storm Debby churns away from sodden Florida Rebels storm pro-Assad Syrian TV channel Merkel to face down summit pleas for crisis action Bernard Madoff's brother to plead guilty, U.S. says Pena Nieto wraps up campaign with victory near Holder faces House contempt vote on gun probe U.S. leaders see fallout if joint missile funds nixed FDA OKs first obesity drug in 13 years Rebels storm Pro-Assad Syrian TV channel Google goes up against Amazon, Apple with Nexus tablet Colorado wildfire expands viciously, Obama plans visit Egypt's Islamist president-elect seeks wide support Holder faces House contempt vote on gun probe U.S. zaps target in high-stakes missile shield test Britain's queen shakes hands with ex-IRA chief U.S. seizes cargo ship in search for stowaways Durable goods orders rise, weakness persists Pending home sales match two-year high Stockton, California to file for bankruptcy Insight: As Congress looks away, U.S. tiptoes toward exporting a gas bounty Acclaimed screenwriter Nora Ephron dead at 71 Mexican Pena Nieto has big lead for Sunday's election Analysis: Is the euro beyond salvation? Politics not economics to decide Refugee boat sinks; Australian PM aims to revive Malaysia plan Seventy dead, 200,000 stranded in Bangladesh floods Gunmen storm pro-government Syrian TV channel Gunmen ram van into Microsoft's Greek headquarters Insight: Evidence suggests anti-foreclosure laws may backfire Assad says Syria at war as battle reaches capital Falling oil prices put Iran over U.S. sanctions barrel Glencore fights to save $26 billion Xstrata bid Merkel buries euro bonds as summit tension rises Arizona police see "difficulties" enforcing immigration law Appeasing investors, Murdoch moves to split empire "Monster" Colorado wildfire rages; Obama plans visit Wed,27 Jun 2012 07:07 PM PDT Reuters - COLORADO SPRINGS, Colo. (Reuters) - Firefighters struggled on Wednesday to beat back a fiercely aggressive wildfire raging at the edge of Colorado Springs that has forced at least 35,000 people from their homes and was nipping at the edges of the U.S. Air Force Academy. The so-called Waldo Canyon Fire, fanned by gusting winds, has gutted an unknown number of homes on the wooded fringes of Colorado's second-most populous city and prompted more evacuations as flames roared out of control for a fifth day. ... Full Story Top Supreme Court to deliver Obama healthcare law ruling Wed,27 Jun 2012 10:34 PM PDT Reuters - WASHINGTON (Reuters) - The Supreme Court is set to deliver on Thursday its ruling on President Barack Obama's 2010 healthcare overhaul, his signature domestic policy achievement, in a historic case that could hand him a huge triumph or a stinging rebuke just over four months before he seeks re-election. The nine justices are scheduled to take the bench at 10 a.m. (1400 GMT) on the last day of the high court's term to read their final opinions, including their decision in the epic legal battle over the healthcare law. The U.S. ... Full Story Top Analysis: Republicans may take aim at Holder in court Wed,27 Jun 2012 10:08 PM PDT Reuters - WASHINGTON (Reuters) - Perhaps as significant as any contempt citation Congress might issue Attorney General Eric Holder on Thursday is the prospect that Republicans will also go to court to enforce congressional demand for documents - a tactic pursued only twice before in U.S. history. The Republican-led House of Representatives is due to vote on whether to charge Holder, the country's top law enforcement officer, with contempt of Congress for withholding documents in a botched gun-running sting operation on the U.S.-Mexico border. ... Full Story Top News Corp board approves company split: source Wed,27 Jun 2012 09:49 PM PDT Reuters - (Reuters) - The board of News Corp approved in principle splitting the $60 billion media conglomerate into separate publishing and entertainment businesses, a person familiar with the situation said on Thursday. News Corp's board, overseen by 81-year-old chairman Rupert Murdoch, met on Wednesday and an announcement was expected later on Thursday on the decision to create two publicly traded companies, the source said, confirming a report in the Wall Street Journal. ... Full Story Top Stockton, California, to file for bankruptcy Wed,27 Jun 2012 08:27 PM PDT Reuters - STOCKTON, California (Reuters) - Stockton, California, is expected to file for bankruptcy before the end of the week, becoming the largest U.S. city to seek protection from its creditors. No one in the city of nearly 300,000 is relishing the prospect, though some see no choice. Stockton, which boomed a decade ago with workers from the San Francisco Bay area seeking affordable housing, is the most recent casualty of the housing bust of the past few years. ... Full Story Top California governor signs budget, closing deficit Wed,27 Jun 2012 11:01 PM PDT Reuters - SAN FRANCISCO (Reuters) - California Governor Jerry Brown on Wednesday signed a state budget passed hours earlier by lawmakers for the fiscal year beginning on July 1 that closes a $15.7 billion deficit. The legislation, which leaves California with a reserve of more than $800 million, puts into law a budget deal reached last week by Brown and fellow Democrats who control the state legislature. The two sides had fought over how much spending to cut from welfare programs and changes to the state's welfare system, but they managed to work out a compromise. ... Full Story Top Former storm Debby churns away from sodden Florida Wed,27 Jun 2012 02:04 PM PDT Reuters - TALLAHASSEE, Florida (Reuters) - The remnants of Tropical Storm Debby moved out into the open Atlantic on Wednesday and rains finally eased over Florida but the state was struggling to clean up the soggy mess left behind. In Debby's wake were flooded homes and businesses, roads under water or cratered with sinkholes, and overflowing rivers that sent thousands fleeing for higher ground. Emergency managers said it was too early to gauge the extent of the damage. About 11,000 customers were without electric power in 39 counties on Wednesday, down from 29,000 on Tuesday. ... Full Story Top Rebels storm pro-Assad Syrian TV channel Wed,27 Jun 2012 08:59 PM PDT Reuters - BEIRUT (Reuters) - Gunmen stormed a pro-government Syrian TV channel headquarters on Wednesday, bombing buildings and shooting dead three employees, state media said, in one of the boldest attacks yet on a symbol of the authoritarian state. More than 150 people were killed in fierce fighting across Syria on Wednesday, 86 of them civilians, the Syrian Observatory for Human Rights said. Intensified fighting in the country have driven up the death toll averages to around 100 people per day in the past week. President Bashar al-Assad declared late on Tuesday that his country was "at war". U.S. ... Full Story Top Merkel to face down summit pleas for crisis action Wed,27 Jun 2012 03:36 PM PDT Reuters - BRUSSELS (Reuters) - German Chancellor Angela Merkel will pit herself against France and Italy on Thursday at an EU summit that could shape the euro zone's future, insisting they must put the bloc's fundamental problems ahead of pleas for emergency action. European Union leaders go into the two-day meeting in Brussels more openly divided than at any time since the debt crisis erupted in Greece in 2010 and spread over the euro zone. ... Full Story Top Bernard Madoff's brother to plead guilty, U.S. says Wed,27 Jun 2012 03:25 PM PDT Reuters - (Reuters) - Peter Madoff, the brother of imprisoned swindler Bernard Madoff, is expected to plead guilty to criminal charges on Friday, the first family member to do so since the Ponzi schemer's fraud was uncovered in December 2008. In a letter filed Wednesday in Manhattan federal court, U.S. Attorney Preet Bharara said Peter Madoff is expected to plead guilty to charges of conspiracy to commit securities fraud and other crimes, as well as falsifying records. He agreed not to seek a sentence other than 10 years in prison. Madoff, who had been chief compliance officer at Bernard L. ... Full Story Top Pena Nieto wraps up campaign with victory near Wed,27 Jun 2012 08:01 PM PDT Reuters - MONTERREY, Mexico (Reuters) - Mexico's presidential front-runner Enrique Pena Nieto scented victory as he wrapped up his campaign on Wednesday with polls showing he should easily win Sunday's election and put the country's old rulers back in power. Voters elect a new president on Sunday and many are eager for the next government to end rampant violence by drug gangs and fire up an underperforming economy, sore points that have eroded confidence in the ruling National Action Party, or PAN. ... Full Story Top Holder faces House contempt vote on gun probe Wed,27 Jun 2012 05:18 PM PDT Reuters - WASHINGTON (Reuters) - U.S. Attorney General Eric Holder faces a contempt vote by the House of Representatives on Thursday in a dispute involving a botched gun-running probe, and the chamber's top Democrat, Nancy Pelosi, said some in her party may line up with Republicans against him. The Republican-led House is to vote on whether to charge the nation's top law enforcement officer with contempt of Congress related to his withholding of documents in a gun-running sting operation on the U.S.-Mexico border code named "Fast and Furious. ... Full Story Top U.S. leaders see fallout if joint missile funds nixed Wed,27 Jun 2012 07:20 PM PDT Reuters - WASHINGTON (Reuters) - Defense Secretary Leon Panetta and his top weapons buyer warned U.S. lawmakers that failure to fund the final year of development work on a joint ground-based missile defense program with Italy and Germany could have serious diplomatic and financial consequences. Panetta urged Senator Daniel Inouye, the chairman of Senate Appropriations Committee, to support $400.9 million in a final year of funding for the Medium Extended Air and Missile Defense System (MEADS) built by Lockheed Martin Corp and its partners in Italy and Germany. ... Full Story Top FDA OKs first obesity drug in 13 years Wed,27 Jun 2012 02:08 PM PDT Reuters - NEW YORK/WASHINGTON (Reuters) - U.S. health regulators approved the first new weight-loss drug in 13 years, allowing Arena Pharmaceuticals Inc to bring its Belviq pill to market as public health advocates push for new solutions to the nation's growing obesity epidemic. The Food and Drug Administration, knowing that millions of Americans would be tempted to take weight-loss pills, had set an unusually high bar for approvals because of safety problems and even deaths seen with past medicines. The most notorious, known as the "fen-phen" diet-drug combo, was pulled from the market in 1997. ... Full Story Top Rebels storm Pro-Assad Syrian TV channel Wed,27 Jun 2012 03:13 PM PDT Reuters - BEIRUT (Reuters) - Gunmen stormed a pro-government Syrian TV channel headquarters on Wednesday, bombing buildings and shooting dead three employees, state media said, in one of the boldest attacks yet on a symbol of the authoritarian state. More than 150 people were killed in fierce fighting across Syria on Wednesday, 86 of them civilians, the Syrian Observatory for Human Rights said. Intensified fighting in the country have driven up the death toll averages to around 100 people per day in the past week. President Bashar al-Assad declared late on Tuesday that his country was "at war". U.S. ... Full Story Top Google goes up against Amazon, Apple with Nexus tablet Wed,27 Jun 2012 04:53 PM PDT Reuters - SAN FRANCISCO (Reuters) - Google Inc will sell its first tablet from mid-July for $199, hoping to replicate its smartphone success in a hotly contested market now dominated by Amazon.com Inc's Kindle Fire and Apple Inc's iPad. By taking a greater role in the tablet market, Google hopes to ensure that its various online services remain front-and-center to consumers amid a changing technology landscape in which tablets by Apple and Amazon are increasingly becoming gateways to the Web and Web-based content such as movies and music. ... Full Story Top Colorado wildfire expands viciously, Obama plans visit Wed,27 Jun 2012 02:44 PM PDT Reuters - COLORADO SPRINGS, Colo. (Reuters) - Firefighters struggled on Wednesday to beat back a wildfire raging at the edge of Colorado Springs that doubled in size overnight, forced more than 32,000 people from their homes and was nipping at the edges of the U.S. Air Force Academy. The blaze, fanned by hot winds, has charred a number of homes on the wooded edges of the city and was prompting fresh evacuations on Wednesday. President Barack Obama plans to travel to the area on Friday to view the damage. ... Full Story Top Egypt's Islamist president-elect seeks wide support Wed,27 Jun 2012 12:35 PM PDT Reuters - CAIRO (Reuters) - Islamist President-elect Mohamed Mursi began talks on Wednesday with groups nervous about where he will take Egypt after the generals who have ruled since Hosni Mubarak's fall make way for the republic's first civilian leader. U.S. Secretary of State Hillary Clinton urged Mursi to bring diverse groups into his government, mentioning Egypt's Coptic Christian minority, secular-minded Egyptians and young people. The U.S. ... Full Story Top Holder faces House contempt vote on gun probe Wed,27 Jun 2012 03:43 PM PDT Reuters - WASHINGTON (Reuters) - U.S. Attorney General Eric Holder faces a contempt vote by the House of Representatives on Thursday in a dispute involving a botched gun-running probe, and the chamber's top Democrat, Nancy Pelosi, said some in her party may line up with Republicans against him. The Republican-led House is to vote on whether to charge the nation's top law enforcement officer with contempt of Congress related to his withholding of documents in a gun-running sting operation on the U.S.-Mexico border code named "Fast and Furious. ... Full Story Top U.S. zaps target in high-stakes missile shield test Wed,27 Jun 2012 12:09 PM PDT Reuters - WASHINGTON (Reuters) - U.S. forces using a new Raytheon Co interceptor missile downed another missile in space in a high-stakes test of a shield built to thwart growing capabilities of countries like North Korea and Iran. The mission off Hawaii late Tuesday was against a medium-range, separating ballistic missile, the Pentagon agency responsible for it said. The mock warhead split from the target's booster section, presenting what is supposed to be a more realistic attack scenario. ... Full Story Top Britain's queen shakes hands with ex-IRA chief Wed,27 Jun 2012 11:50 AM PDT Reuters - BELFAST (Reuters) - Britain's Queen Elizabeth shook the hand of former IRA guerrilla commander Martin McGuinness for the first time on Wednesday, drawing a line under a conflict that cost the lives of thousands of soldiers and civilians, including that of her cousin. The meeting with McGuinness, who is now the deputy first minister of Northern Ireland, comes 14 years after the Irish Republican Army ended its war against British rule in the province, and is one of the last big milestones in a peace process whose success has been studied around the world. ... Full Story Top U.S. seizes cargo ship in search for stowaways Wed,27 Jun 2012 12:57 PM PDT Reuters - NEWARK, New Jersey (Reuters) - A cargo ship believed to be carrying stowaways was seized at a New Jersey port on Wednesday after it arrived in the United States following stops in India and Egypt to pick up freight, the U.S. Coast Guard said. Agents said they heard what sounded like people in a container buried beneath others in the ship's hold, Coast Guard spokesman Charles Rowe said. The container had not been opened hours after the ship was stopped and was being moved by crane to a dock so it could be checked, he said. ... Full Story Top Durable goods orders rise, weakness persists Wed,27 Jun 2012 08:05 AM PDT Reuters - WASHINGTON (Reuters) - Demand for long-lasting U.S. manufactured goods rebounded more than expected in May and a gauge of planned business spending increased, but a slowing of growth in the global economy suggests the momentum might not be sustained. China's slowdown and a looming recession in the euro zone have taken some of the shine off the U.S. manufacturing sector, leaving the economy stuck in a soft patch. Despite the 1. ... Full Story Top Pending home sales match two-year high Wed,27 Jun 2012 07:15 AM PDT Reuters - WASHINGTON (Reuters) - Contracts to purchase previously owned U.S. homes matched a two-year high in May, fueling optimism the housing market is poised for a recovery. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, rose 5.9 percent to 101.1. The index level matched the two-year high reached in March, while the gain was the largest since October 2011. ... Full Story Top Stockton, California to file for bankruptcy Wed,27 Jun 2012 01:13 AM PDT Reuters - STOCKTON, California (Reuters) - Stockton, California will become the largest U.S. city to seek protection from its creditors after its leaders approved a budget on Tuesday night based on the city filing for bankruptcy. A Chapter 9 bankruptcy by the city of nearly 300,000 in California's Central Valley, about 85 miles east of San Francisco, could come as early as Wednesday. Stockton's city council voted six to one in favor of the 2012-2013 budget after a contentious five-hour meeting where angry retired city workers pressed council members to reject the $155 million spending plan. ... Full Story Top Insight: As Congress looks away, U.S. tiptoes toward exporting a gas bounty Tue,26 Jun 2012 09:06 PM PDT Reuters - WASHINGTON (Reuters) - In a bitterly divided U.S. political environment, there's at least one thing Republicans and Democrats can agree on: Avoid a public showdown on natural gas exports, arguably the most important energy policy decision in recent memory. While fluctuating gasoline prices, the Keystone pipeline and the fight over fracking steal headlines, the question of how much of the newfound U.S. shale gas bounty should be shared with the rest of the world goes largely without comment or coverage -- despite holding far wider and longer-lasting consequences. ... Full Story Top Acclaimed screenwriter Nora Ephron dead at 71 Wed,27 Jun 2012 07:21 AM PDT Reuters - LOS ANGELES (Reuters) - Oscar-nominated screenwriter Nora Ephron, known for romantic comedies "When Harry Met Sally" and "Sleepless in Seattle," as well as books and essays, has died in New York after battling leukemia. She was 71. Ephron, who had suffered from acute myeloid leukemia, died on Tuesday evening at New York's Presbyterian/Weill Cornell Medical Center surrounded by her family, they said in a statement. ... Full Story Top Mexican Pena Nieto has big lead for Sunday's election Wed,27 Jun 2012 12:05 PM PDT Reuters - MEXICO CITY (Reuters) - Mexican presidential front-runner Enrique Pena Nieto goes into Sunday's election with a wide lead over his rivals, opinion polls showed on Wednesday, putting him on track to return to power the party that ruled for much of the last century. The final voter survey of the campaign by newspaper El Universal showed Pena Nieto, of the opposition Institutional Revolutionary Party, or PRI, rising 4.2 percentage points to 41.2 percent from a poll published on June 18. That gave him a 17.4-point lead over leftist and 2006 runner-up Andres Manuel Lopez Obrador, who rose 0. ... Full Story Top Analysis: Is the euro beyond salvation? Politics not economics to decide Wed,27 Jun 2012 03:52 AM PDT Reuters - LONDON (Reuters)- Here's a nightmare for Europe's leaders to ponder as they prepare for yet another summit to tackle the euro zone crisis: a bond auction fails in Spain, spreading solvency worries to Italy and beyond and triggering uncontrollable bank runs that spell the single currency's end. Is such a scenario likely? Policymakers hope not. Is it possible? They fear it might be. What is beyond dispute is that more and more economists and academics are asking whether the euro's problems are so deep-rooted that the currency is beyond salvation. ... Full Story Top Refugee boat sinks; Australian PM aims to revive Malaysia plan Tue,26 Jun 2012 11:13 PM PDT Reuters - CANBERRA (Reuters) - The sinking of a second refugee boat between Indonesia and Australia's Christmas Island in less than a week prompted on Wednesday Australia's prime minister to try to revive a people-swap deal with Malaysia and end an impasse on asylum seekers. More than 120 people were rescued and up to 10 were missing after a crowded boat sank on Wednesday in the Indian Ocean on its way to Australia, less than a week after about 90 asylum seekers died when their boat sank in the same area. ... Full Story Top Seventy dead, 200,000 stranded in Bangladesh floods Wed,27 Jun 2012 12:19 AM PDT Reuters - DHAKA (Reuters) - Days of rain in Bangladesh, some of the heaviest in years, have set off flash floods and landslides, killing at least 70 people and stranding about 200,000, police and officials said on Wednesday. Low-lying and densely populated Bangladesh is battered by torrential downpours during the wet season, which began in the past few weeks. At least 15 people were killed in and around the southeastern port city of Chittagong, while 30 died in Bandarban in an area known as the Chittagong Hill Tracts. "Several more people are feared trapped in hillside homes buried under heaps of mud. ... Full Story Top Gunmen storm pro-government Syrian TV channel Tue,26 Jun 2012 11:14 PM PDT Reuters - BEIRUT (Reuters) - Gunmen stormed the headquarters of a pro-government Syrian TV news channel on Wednesday morning, planted explosives and killed three employees, state media said. "The terrorists planted explosive devices in the headquarters of al-Ikhbariya following their ransacking of the satellite channel studios, including the newsroom which was entirely destroyed," the state media said. "Three colleagues were killed as a result of the brutal terrorist attack," it added, without giving details. The Syrian press is tightly regulated by the Ministry of Information. ... Full Story Top Gunmen ram van into Microsoft's Greek headquarters Wed,27 Jun 2012 08:14 AM PDT Reuters - ATHENS (Reuters) - Gunmen rammed a van packed with gas canisters into Microsoft's Greek headquarters in Athens and then set the vehicle on fire, causing damage but no injuries, police said on Wednesday. At least two people wielding pistols and a machine gun kept security guards away as they carried out the attack at about 0145 GMT, police said. Arson attacks against banks, foreign firms and local politicians have become more frequent in Greece in recent years as the country battles soaring unemployment and struggles through a recession deepened by austerity policies imposed by foreign lenders. ... Full Story Top Insight: Evidence suggests anti-foreclosure laws may backfire Wed,27 Jun 2012 04:48 AM PDT Reuters - (Reuters) - State and federal laws enacted to protect homeowners from eviction in the wake of the 2008 housing crash may be extending the slump, according to a growing number of economists and industry experts. Foreclosures have all but ground to a halt in Nevada, which passed one of the stiffest borrower-protection laws in the country last year. Yet the housing market is further than ever from recovery, local real estate agents say, with a lack of inventory feeding a "mini-bubble" in prices that few believe is sustainable. A recent U.S. ... Full Story Top Assad says Syria at war as battle reaches capital Tue,26 Jun 2012 02:19 PM PDT Reuters - BEIRUT (Reuters) - Syrian President Bashar al-Assad declared on Tuesday that his country was at war and ordered his new government to spare no effort to achieve victory, as the worst fighting of the 16-month conflict reached the outskirts of the capital. Video published by activists recorded heavy gunfire and explosions in suburbs of Damascus. A trail of fresh blood on a sidewalk in the suburb of Qudsiya led into a building where one casualty was taken. A naked man writhed in pain, his body pierced by shrapnel. ... Full Story Top Falling oil prices put Iran over U.S. sanctions barrel Tue,26 Jun 2012 09:20 PM PDT Reuters - WASHINGTON (Reuters) - For most of this year, the threat of tough U.S. sanctions on Iran, the world's third-largest oil exporter, helped push crude oil prices higher and higher, adding a menacing headwind for struggling global economies. But in the past few weeks, a combination of higher output from Iran's rival Saudi Arabia and economic troubles in China and Europe have pushed oil prices down 25 percent, putting the threat of sanctions back squarely on Iran. As June 28 approaches - the day the law allows U.S. ... Full Story Top Glencore fights to save $26 billion Xstrata bid Wed,27 Jun 2012 03:27 PM PDT Reuters - LONDON (Reuters) - Commodities trader Glencore fought to save its $26 billion bid for miner Xstrata on Wednesday after shareholder Qatar stunned the pair with a late demand for better terms, forcing them to push back the timing of the deal. The Qatari intervention pushed the deal to the brink as it prompted a string of major shareholders to revisit their own concerns, such as soaring executive pay and fears that the combined entity would take on riskier business. Qatar had remained silent for months as it built the second-largest stake in Xstrata, before calling late on Tuesday for 3. ... Full Story Top Merkel buries euro bonds as summit tension rises Tue,26 Jun 2012 03:38 PM PDT Reuters - BERLIN/PARIS (Reuters) - German Chancellor Angela Merkel sought to bury once and for all the idea of common euro zone bonds on Tuesday, saying Europe would not share total debt liability "as long as I live", as the bloc's big four finance ministers met to narrow differences on how to solve a worsening debt crisis. Two days before a crucial European Union summit, European Council President Herman Van Rompuy released a seven-page report on closer fiscal and banking union envisaging a euro zone treasury that would issue common debt in the medium term. ... Full Story Top Arizona police see "difficulties" enforcing immigration law Tue,26 Jun 2012 05:46 PM PDT Reuters - PHOENIX (Reuters) - For Arizona sheriff Antonio Estrada, enforcing a state law that requires officers to determine the immigration status of people they stop and suspect are in the United States illegally was always going to be difficult. But that is exactly what he will soon be expected to do now that the U.S. Supreme Court has upheld the most controversial aspect of Arizona's crackdown on illegal immigrants. "They are focusing on one particular group of people, Hispanics, and here along the border ... ... Full Story Top Appeasing investors, Murdoch moves to split empire Wed,27 Jun 2012 01:19 AM PDT Reuters - NEW YORK/LONDON (Reuters) - Rupert Murdoch's News Corp took a major step in satisfying shareholders' concerns for a more growth-focused business with a plan to separate its publishing and entertainment assets, but an uncertain management structure for the two proposed companies raises new questions about a succession plan at the family-controlled media empire. Shareholders have been pressing News Corp to get rid of its troubled newspapers business after a phone hacking scandal tainted its British newspapers and forced the company to drop its proposed acquisition of pay-TV group BSkyB. ... Full Story Top

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