Related Topics
Categories

Recommend
Print

Business

THE NEWS WRAP: James Murdoch rejects suggestions he runs News International like a “mafia boss”

By Oliver Milman
Friday, 11 November 2011

James Murdoch was involved in heated exchanges with British MPs overnight, rejecting suggestions that he runs News International like a “mafia boss”.

 

Labour MP Tom Watson compared the running of the media company, which has been dogged by allegations of phone hacking by its former tabloid News of the World, to the mafia during a parliamentary committee.

 

Murdoch said the description was “offensive”, denying that he condoned the phone hacking. 

 

John B Fairfax sells out of Fairfax

 

John B Fairfax has exited the business that bears his name, selling his 9.7% stake in Fairfax for $193 million.

 

Although Fairfax said the sale was “not easy”, chairman Roger Corbett said the company would ''ultimately benefit from a broader shareholder base''.

 

Pilots union challenges Fair Work Australia

 

The union that represents long-haul pilots has launched a legal challenge to the ban on Qantas industrial action.

 

The Australian and International Pilots Association said that the Fair Work Australia ruling to end the industrial dispute was unfair due to the “one sided” nature of negotiations with Qantas.

 

Overnight

 

The Dow Jones Industrial Average rose 97.03 points, or 0.8%, to 11,877.97. The Australian dollar was up to 101.42 US cents. 

 

 

Did you like this article? 

Sign up to the StartupSmart Newsletter to receive a daily news wrap-up straight to your inbox AND a free eBook!

Invalid Input

Comments (0)

Subscribe to this comment's feed

Write comment

smaller | bigger

busy
SmartSolo-Tile
Invalid Input
 
SmartCompany Smart Reads
  • BlackBerry announces Secure Work Space for Android and iPhone
  • Former product manager reveals how Google+ killed Google Reader
  • Twitter releases official app for Windows 8
  • "Just outraged at the insanity of Julia Gillard": Tech start-ups hit back in ...
  • Andy Rubin resigns as head of Android, Chrome boss takes over his position

Follow us

StartupSmart on Twitter StartupSmart on Facebook StartupSmart on LinkedIn StartupSmart on Google+

Subscribe to StartupSmart RSS feeds

Sponsored Links
SmartSolo sign up
 

Private Media Publications

Crikey

loading...

Smart Company

loading...

Property Observer

loading...

Leading Company

loading...

Womens Agenda

loading...