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Friday, 30 September 2011

Police warn they may not be able to afford Tesco's £3m riot compensation bill

 In total, the retailer has asked for nearly £3m in compensation from police forces around the country, following the riots that tore through some high streets in August. It is likely that this is the biggest request from a single retailer. The company is claiming under the Riot Damages Act, a piece of Victorian legislation that allows businesses and individuals affected by riot damage to claim directly from the police, rather than their own insurer. In the immediate aftermath of the civil disturbances, the British Retail Consortium urged small retailers to put in their claims to make sure their businesses were not harmed. However, the Greater Manchester Police Authority, which has been hit with 280 claims totalling £4.4m, has criticised Tesco for using the Act, saying there was no guarantee...

Brussels threatens to sue Britain to let in 'benefit tourists'

 Ministers fear the move could leave taxpayers handing out as much as £2.5  billion to EU nationals, including out-of-work “benefit tourists”, a new cost that could wreck Coalition plans for welfare reform. The commission’s threat, on the eve of the Conservative Party conference, has raised the political temperature on Europe still further. In an outspoken attack today, Iain Duncan Smith, the Work and Pensions Secretary, says the commission’s move is part of a “wider movement” by the “unelected and unaccountable” European authorities to extend their power over the UK. “This kind of land grab from the EU has the potential to cause mayhem to nation states, and we will fight it,” he writes in The Daily Telegraph. The commission is objecting to Britain’s rules on welfare, claiming they discriminate...

Legal warning to UK over benefits for EU nationals

 The European Commission has threatened legal action against the UK, saying a test of eligibility for benefits discriminates against foreigners. It says it is easier for UK citizens to prove their "right to reside" - a test imposed by the UK for certain benefits - than EU nationals. The commission says it may refer the case to the European Court of Justice. Ministers say it is a "fundamental challenge" to the UK's right to decide its own social security arrangements. The Commission says it has been in talks with the UK for several years over the issue and is responding to a "huge number" of complaints from EU citizens living in the UK. Residence tests On Thursday it announced that it was giving the UK two months to explain how it was going to bring its legislation into line with...

Fake death pensioner 'was greedy'

 Anthony McErlean, 66, was jailed for six years for faking his own death in Honduras in 2009 to get a life insurance claim worth £520,000. He also admitted two counts of theft from a pension fund from the Port of London Authority of £27,000 pounds and £40,658 pounds from the Department of Work and Pensions. The pensioner had impersonated his wife to claim he himself had died after being hit by a truck as he was changing a tyre on a road in the Central American country. A fake witness statement was produced to back up story which said farm workers took his body away to the village of Santa Rosa De Aguan. Suspicious officials at the insurance company contacted the Insurance Fraud Bureau, who alerted the Poli...

Thurlbeck to fight sacking claim

 The News of the World's former chief reporter has broken his silence over the phone-hacking scandal to insist he played "no part" in the matter that led to his sacking. Neville Thurlbeck, 49, was fired by News International earlier this month after being arrested in April on suspicion of conspiring to intercept voicemails while working at the now-defunct Sunday tabloid. He issued a strongly-worded statement in which he vowed to fight his unfair dismissal claim against his former employers "to the end". Mr Thurlbeck's alleged role in the scandal has been closely scrutinised since details emerged of a June 2005 email headed "for Neville" which contained transcripts of illegally intercepted voicemail messages. The email, which surfaced in April 2008, appeared to contradict News International's...

Thursday, 29 September 2011

Rio hit with £500k bill after losing court battle

The England and Manchester United star will now be saddled with paying the estimated £500,000 legal bills incurred by the Sunday Mirror in defence of the lawsuit.Ferdinand sued the newspaper for misuse of private information after they published details of his 13-year relationship with interior designer Carly Storey, who accepted £16,000 for telling the tale of her liaisons with the defender.But Mr Justice Nicol dismissed the case at London's high court on Thursday, and refused Ferdinand's legal team permission to appeal."Overall, in my judgment, the balancing exercise favours the defendant's right of freedom of expression over the claimant's right of privacy," he said.The judge was not swayed by Ferdinand's claims that he had not tried to meet Storey after being made England captain,...

Paramedics Who Tried To Save Singer's Life Give Evidence

 Alberto Alvarez was in charge of back stage during Jackson's final rehearsal on June 24, 2009. He described Jackson as "happy and in good spirits" during the performance. "He was doing very well for the most part," he told the Los Angeles court. He explained that he later drove Jackson back to his rented Holmby Hills home and saw Dr Murray's car parked there. He said the last time he saw Jackson alive was when he said "good night" to the singer. Mr Alvarez was the first person who went into Jackson's bedroom after Dr Murray telephoned for help as he was trying to resuscitate the singer. He said Jackson was lying on his back, with his hands extended out to his side, and his eyes and mouth open. "When I came into the room, Dr Murray said 'Alberto, hurry, we have to get to hospital, we...

Raids in 7 countries in $200M investment fraud

 Dutch authorities say raids have been conducted in seven countries in connection with an alleged $200 million investment fraud scheme, and four men have been arrested. The country's financial crime prosecutors say they suspect hundreds of investors were conned into fraudulent investments in U.S. life insurance policies by a firm called Quality Investments BV. Prosecutors said Wednesday four Dutch men have been arrested, two in the Netherlands and one each in Switzerland and Turkey. Raids were also conducted in Spain, Dubai, England and the United States, in which millions of euros in assets were seized in hopes of recovering some money for duped investo...

Global swoop nets huge haul of fake drugs: Interpol

 Police and customs officers from 81 countries have seized 2.4 million doses of counterfeit medicine sold over the Internet during a one-week operation, international police body Interpol said Thursday. Fifty-five people were arrested during the September 20-27 operation, codenamed Pangea 4, and more than 13,000 websites closed down, Interpol said. More than 100,000 illegal doses were seized in France, over half of which were for supposed to be for treating male erection problems, France's medical security agency that took part in the operation, AFSSAPS, said. The operation was carried out for the fourth successive year in an effort to inform the public about the risks of buying medicines online. "Interpol's member countries and partners have shown through the success of Operation Pangea...

Motorway speed limit to be raised

 The speed limit on Britain’s motorways is set to rise to 80mph but with a big expansion in the number 20mph zones in cities and towns, The Independent has learnt. As part of a deal negotiated with the Liberal Democrats the Transport Secretary Phillip Hammond is expected to announce the Government’s intention to bring in the new speed limit at the Conservative conference. Ministers will then consult on the proposal later in the year along with plans to significantly expand the number of areas in Britain covered by 20mph zon...

Ferdinand loses privacy action

 Rio Ferdinand has lost his privacy action over a "kiss and tell" story. The England and Manchester United centre back was not at London's High Court to hear Mr Justice Nicol dismiss his claim against MGN Ltd. Ferdinand, 32, brought his case for misuse of private information over an April 2010 Sunday Mirror article in which interior designer Carly Storey gave her account of their 13-year relationship in return for £16,000. The judge said: "Overall, in my judgment, the balancing exercise favours the defendant's right of freedom of expression over the claimant's right of privacy." Ferdinand had branded the piece - "My affair with England captain Rio" - a "gross invasion of my privacy", and said he had not seen Ms Storey for six years by the time it appeared. At a hearing in July, his lawyers...

Monday, 26 September 2011

Treasure hunters eye huge shipwreck haul

 When the SS Gairsoppa was torpedoed by a German U-boat, it took its huge silver cargo to a watery grave. Seventy years later, US divers said they are working to recover what may well be the biggest shipwreck haul ever. Florida-based Odyssey Marine Exploration on Monday confirmed the identity and location of the Gairsoppa and cited official documents indicating the ship was carrying some 219 tons of silver coins and bullion when it sank in 1941 in the North Atlantic some 490km off the Irish coast. That's worth about $200m today, which would make it history's largest recovery of precious metals lost at sea, Odyssey said. "We've accomplished the first phase of this project -- the location and identification of the target shipwreck - and now we're hard at work planning for the recovery...

Tony Blair is unaccountable over business interests, adviser says

 More questions have been raised over Tony Blair's lucrative business activities after an adviser in his role as a Middle East peace envoy said the former Prime Minister continued to operate outside a defined code of conduct. Channel 4's Dispatches, due to be broadcast tonight, claims that Mr Blair is not required publicly to disclose his commercial interests as he would if he were an MP. Mr Blair combines a £2m-a-year consultancy with the US investment bank JP Morgan with his unpaid post in Jerusalem, where he is heading international efforts in preparation for a future Palestinian state. He also advises the insurance group Zurich Financial, while his company Tony Blair Associates signed a reported £27m-deal advising the Kuwaiti government. They are among a string of globetrotting...

Sunday, 25 September 2011

Saudi women given right to vote

 Saudi Arabia will allow women to stand for election and vote, the king announced on Sunday, in a significant policy shift in the conservative Islamic kingdowm. In a five-minute speech, King Abdullah bin Abdulaziz al-Saud said women will also take part in the next session of the unelected, advisory Shura Council, which vets legislation but has no binding powers. "Because we refuse to marginalise women in society in all roles that comply with sharia, we have decided, after deliberation with our senior ulama (clerics) and others... to involve women in the Shura Council as members, starting from the next term," he said in a speech delivered to the advisory body. "Women will be able to run as candidates in the municipal election and will even have a right to vote." Women's rights are...

Saturday, 24 September 2011

UBS CEO Gruebel resigns over rogue trading loss

 UBS chief executive Oswald Gruebel has resigned over a $2.3 billion loss caused by rogue trading at its investment division, which is to be restructured now to prevent similar incidents in future, the Swiss bank said Saturday. Gruebel, who had come under heavy pressure from shareholders over the scandal, said he hoped his resignation would allow the bank to restore its reputation in the eyes of clients and investors. Article Controls EMAIL REPRINT NEWSLETTER SHARE "As CEO, I bear full responsibility for what occurs at UBS ( UBS - news - people )," he said in a memo to staff. "From my first day on the job I placed the reputation of the bank above all else. That is why I want to and must act according to my convictions." UBS Europe chief Sergio P. Ermotti will take over immediately...

Alexa Chung range a hit

 Alexa Chung's latest range for Madewell caused the retailer's website to crash. The British beauty announced her partnership with the label last year, creating a line that was popular amongst fashionistas. Alexa launched her second collection with the US brand yesterday and celebrated with a star-studded bash in Los Angeles. The 27-year-old star tweeted her excitement before the party. "It's my Madewell collection launch party tonight in LA. Very Exciting," she wrote, before later letting her fans know how popular the launch had been. "Congrats! You crashed the @madewell1937 website with the purchase onslaught. Glad you like it! Xxxx...

THE Queen gave Prince William the go-ahead to rip up the official guest list for his wedding to Kate Middleton

Prince William (pic: Handout)THE Queen gave Prince William the go-ahead to rip up the official guest list for his wedding to Kate Middleton, he has revealed.He told how he never knew a soul on the official paper of hundreds of people and was not happy with the line-up.“They said: ‘These are the people we should invite’. I looked at it in absolute horror and said: ‘I think we should start again’.”The 29-year-old said: “I came into the first wedding meeting, post-engagement. And I was given this official list of 777 names, dignitaries, governors, all sorts of people, and not one person I knew.William told how he then approached the Queen for help....

Former deputy editor received £25,000 from News of the World publisher after starting work as consultant with police force

Former News of the World deputy editor Neil Wallis leaving Hammersmith police station in July. Photograph: Murray Sanders/Mail On SundayThe relationship between the police and the News of the World has come under fire again amid revelations that Neil Wallis, the former deputy editor of the News of the World, was paid by the paper's publisher for "crime exclusives" while working for the Metropolitan police.Wallis was secretly paid more than £25,000 by News International after he left the paper and got a contract to work two days a month as a PR consultant with the Met. One story earned him a single payment of £10,000.The Daily Telegraph claims...

Tech Savvy Street Gangs Take On Social Media

 The fight against Indiana’s gangs isn’t always waged on the street. School officials, social workers and probation officers said the newest battle ground in gang warfare is social media. According to Indianapolis anti-crime advocates who attended a gang awareness seminar on Friday, Indy gang members are younger, more mobile, and they’re using social media networks to recruit and plan. An Indianapolis Metro Police Department gang unit detective said he carries out most of his investigations online and undercover, 6News' Jack Rinehart reported. "I have a Facebook account. My alter-ego has over 210 gang member friends. I have a completely fictitious account,” the IMPD detective said. IMPD have identified more than 300 street gangs in Indianapolis, all of them engaging in various levels...

Media group faces new hacking blows

 New allegations about the phone-hacking scandal have hit News International, with claims of more victims and fresh legal rows. It was revealed tonight that former News of the World editor Andy Coulson is suing News Group Newspapers, the publishing arm of the media giant. Papers were served at the High Court on Thursday "regarding the termination of the payment for his legal action". A spokesman for law firm DLA Piper, which represents Mr Coulson, said: "We can confirm that proceedings have been issued." News International declined to comment. It had been reported earlier this month that News International was paying DLA Piper for their legal advice to Mr Coulson following his arrest. Mr Coulson resigned from his position as Prime Minister David Cameron's spin chief in January and was...

Germans don't like the British, and the British are the majority in Benidorm

 A spokesman said part of the problem was that the Germans don't like the British, and the British are the majority in Benidorm hotelsPhoto EFE Air Berlin has cancelled five direct flights from El Altet airport as the company puts a tough cost cutting scheme into operation with the goal of saving 200 million €. The plan will leave 18 planes on the ground, and Alicante is reportedly hard hit because of the high seasonality of traffic at El Altet. In addition numbers show a marked fall in German traffic using the airport this August compared to last, down 22% with 78,988 German tourists. A spokesman for the airline is reported by Europa Press of having commented that part of the problem is that the Germans don’t like the British, and the Brits are the majority in Benidorm hotels. The...

Friday, 23 September 2011

Spanish jail-house film shows without on-the-run actor

 A Spanish prison screened a short film made by inmates Friday with one missing ingredient -- a key actor in the jail-house drama is on the run. Inmates spent months making "Guilty", about a murderer haunted by his victim, to show in an annual festival behind bars in Leon, northern Spain, a prison official and media here said. "Among the inmates taking part, there was one in the final stages of his sentence who was allowed out regularly with leave, but who did not come back from one of those leaves," said a prison service spokeswoman. Prisoners completed the film without the missing actor who disappeared at least two months ago, said the spokeswoman for the Secretary General of Penitentiary Institutions. She denied reports he had the leading role. "He may have had some more important...

Costa del Sol’s oldest magazine shuts its doors

 The Costa del Sol’s oldest magazine is reported to have closed down after running its final edition on Friday. The Friday-Ad – which continues to run a UK operation boasting over 1 million readers a week – had produced a Costa del Sol edition out of its Gibraltar offices since 1975. The reason behind the decision to close remains unclear. When the Olive Press attempted to contact the publication’s office, the number failed to connect. However, a member of staff in the UK office confirmed that it was their understanding that the Costa del Sol edition had closed. “As far as I am aware that was the plan (to close on Friday) but you will need to call back in 10 minutes to speak to someone who can confirm that,” she sa...

Barcelona's last bullfight marks end of an era in Spain

 When Spanish bullfighter Serafin Marin plunges his sword into the back of a bull's neck in Barcelona on Sunday, he will be marking the end of an era. The bull will not only be the last of six killed in the bullfight, but the last-ever to be killed in Barcelona's Monumental bullring, which is nearly a century old. The closure of the Monumental - in keeping with a bullfighting ban in the north-eastern region of Catalonia - reflects the decline of bullfighting in Spain, though fans of the country's 'national fiesta' vow to fight on. 'We have lost a battle, but not the war,' Marin told the daily El Mundo. But animal rights campaigner Aida Gascon...

Spain fears pain as Ratón the killer bull prepares to enter ring for last time

Ratón the bull at a festival in Sueca, Spain. Photograph: Alberto Saiz/APIt is the end of a long career, deemed venerable by those who admire Spanish fighting bulls.In the early hours of Sunday morning, the half-tonne 11-year-old killer bull known as Ratón, or Mouse, will feel a bullring's sand under his hooves and sniff the scent of commingled human adrenaline and fear for the last time.Those who pay their €2.50 (£2.20) in Canals, eastern Spain, will witness the final chapter of a life spent chasing, and occasionally goring, people. Fans are expected to arrive from around the country.Many will be secretly hoping Ratón, who has killed two...

This is the buff soldier who exchanged numbers with Cheryl Cole.

Andy Baker plans to meet up with the former X Factor judge after the pair met during her morale-boosting trip to Afghanistan.The pair were introduced at an award presentation at Camp Bastion and met again a barracks dinner.New man? Soldier Andy Baker caught Cheryl Cole's eye during her moral-boosting trip to Afghanistan and he hopes to take her out for dinnerThey posed for several photos together and once Cheryl returned home, she said she planned to give her 'gorgeous soldier' a call.Buff: It's easy to see what attracted the singer to Andy, known as Bagsy to his friendsAndy, 25, who is known as Bagsy to his peers, plans to meet up with her once...

Palestinian leader Mahmoud Abbas makes UN statehood bid

 Palestinian leader Mahmoud Abbas has submitted his bid to the UN for recognition of a Palestinian state. To rapturous applause in the General Assembly, he urged the Security Council to back a state with pre-1967 borders. He said the Palestinians had entered negotiations with Israel with sincere intentions, but blamed the building of Jewish settlements for their failure. Israeli PM Benjamin Netanyahu said he was reaching out to Palestinians and blamed them for refusing to negotiate. "I continue to hope that President Abbas will be my partner in peace," he said in his speech in New York. "Let's meet here today in the United Nations....

European banks head towards another meltdown

 Shares in some of Europe's largest banks fell by 10pc as the cost of insuring European lenders' senior bonds rose to record levels, according to credit default swap prices. The Markit iTraxx Financial Index of contracts on the senior debt of 25 banks and insurers climbed to an all-time high 315.5 basis points. The last banking crisis was regarded by most eurozone members as an Anglo-Saxon phenomenon caused by lax lending controls that resulted in major UK and US institutions either collapsing or having to take costly state-funded bail-outs. To offset the threat of another crisis spreading across the eurozone, European regulators ordered their banks to increase their liquidity buffers. Government bonds were generally viewed as the most liquid and least risky assets to hold. However, this...

signs of an institutional run on French banks

 Christine Lagarde, the managing director of the International Monetary Fund, urged Europe's leaders to bail out their fragile banks, as the boss of the eurozone's biggest bank, BNP Paribas, rejected fears that the financial sector was "in peril". Addressing journalists in Washington at the opening of the IMF's annual meeting, Lagarde said that Europe must tackle "this twin problem of sovereign debt and the need to strengthen capital buffers". She said: "It is critical that to fuel growth, banks be in a position to finance the economy, to finance enterprises, to finance households, to finance local governments. To do that they need to have the balance sheet that will actually support credit to the economy." Despite the recent stress tests carried out by the European Banking Authority,...

Thursday, 22 September 2011

Europe leaves Bulgaria, Romania out in Schengen cold

 Europe left Bulgaria and Romania out in the cold Thursday, when Finland and the Netherlands blocked their entry into the passport-free Schengen travel area. The Dutch and the Finns refused to let them in, at a meeting of EU interior ministers dogged by concerns about illegal migration, citing poor progress in the fight against corruption and organised crime. "Two member states today made it impossible for us to make a decision on Schengen enlargement," Polish Interior Minister Jerzy Miller, whose country holds the EU's rotating presidency, lamented after the talks. "This leads me to a rather sad conclusion regarding mutual trust among the member states," Miller added, saying Bulgaria and Romania were promised a place in Schengen when they joined the European Union in 2007. "Today the...

French court fines women for wearing veils

 France's fines on women for wearing the full-face covering niqab veil, imposed for the first time by a court on Thursday, are a "travesty of justice," Amnesty International says. Police have issued several on-the-spot fines since the ban came into force in April but the hearing saw the first two court-issued fines, and the Muslim women vowed to appeal their case all the way to the European Court of Human Rights. "This is a travesty of justice and a day of shame for France. These women are being punished for wearing what they want," Amnesty International's deputy director for Europe and Central Asia John Dalhuisen said in a statement....

Scottish supermarkets face extra tax on selling alcohol

 Plans to hike business rates for major retailers of alcohol and tobacco in Scotland could see supermarkets pay around £110 million in tax over the next three years.   Finance Secretary John Swinney announced the new levy yesterday, as part of the Scottish government’s Spending Review.   Swinney said the review contained “tough choices, because of the cuts from Westminster that go too far, too fast”.   “We have had to restrict pay costs, reluctantly implement pensions increases on public sector staff, and maximise the income gained from asset sales,” he said.   He outlined that part of the extra revenue brought in would come from a tax on major retailers who sell alcohol and tobacco.   The measure was a surprise announcement, as during the last parliament a proposal...

Bloody Sunday family rejects payout

 Relatives of one of the Bloody Sunday victims have firmly rejected any offer of Government compensation. Sisters Linda and Kate Nash, whose teenage brother William was among 14 men who died after paratroopers opened fire on civil rights protesters in Londonderry in January 1972, said: "I find it repulsive." The Ministry of Defence has confirmed that moves are under way to compensate the families following representation from solicitors acting on behalf of some of the relatives. The Nash sisters said they would not take money for personal financial gain: "Not under any circumstances will I ever accept money for the loss of my brother. "I find it repulsive, taking anything from the MoD. If the MoD wants to set up bursaries they can, but not in my brother's name," Ms Nash said. Prime Minister...

Wednesday, 21 September 2011

Manchester airport reopens after bomb scare

 Manchester Airport’s main terminal has reopened after bomb disposal experts were called in to check a suspicious package on Wednesday, police said. A man was being questioned, although police said earlier reports that he was being held under the Terrorism Act were inaccurate. The package, a bag, was found to be safe. The airport’s operators had earlier said 11 flights leaving Terminal 1 would be affected. Incoming flights are operating normally and the airport’s two other terminals remained open. Manchester Airport is Britain’s fourth biggest and handles around 20 million passengers each ye...

Cheryl Cole 'Falls For Hunky Soldier' In Afghanistan | Cheryl Cole

 It seems Cheryl Cole has finally put her failed marriage to footballer Ashley Cole behind her, after apparently falling for a "gorgeous" solider in Afghanistan. The Girls Aloud beauty, who visited Camp Bastion in Helmand Province to boost troops morale, claims to have swapped numbers with the hunky young corporal after taking a shine to him during her trip last week. Chezza confessed to The Mirror: "Not only are the soldiers incredibly brave, a few were also incredibly cute. I actually came back with a phone number from one lad." "He started chatting to me after I'd been shot at during a training exercise. Obviously it wasn't real ammunition, but it was still terrifying." She continued: "Anyway, I think I am going to call him this week and we'll see what happens. I'm sure he's not...

Celebrity Cruises Taps Top Chef to Join Culinary Team

 Known for its culinary leadership and commitment to offering guests a modern, luxurious experience during their precious vacation time, Celebrity Cruises has expanded its already robust culinary talent by naming 2010 James Beard Foundation "Rising Star Chef" nominee and 2007 "Rising Star Chef of American Cuisine" John Suley as its director of Culinary Operations. Tapped by Celebrity's charismatic Vice President of Culinary Operations Jacques Van Staden – himself a James Beard-nominated Master Chef – Suley is widely regarded as one of the country's top "up and coming" chefs. Prior to joining Celebrity, he worked in the star-studded, international dining scene as executive chef at the South Florida incarnation of three-time James Beard honoree Alfred Portale's famed "Gotham Bar &...

IMF cuts growth forecast for UK for 2011 and 2012

 The International Monetary Fund has cut its growth forecasts for the UK, in a report warning that the global economy is in a "dangerous new phase". UK gross domestic product is predicted to grow 1.1% in 2011, down from the 1.5% forecast in the IMF's previous World Economic Outlook report in June. The growth forecast for 2012 has been slashed from 2.3% to 1.6%. Foreign Secretary William Hague said the UK had the "discipline and determination" to tackle its deficit. But shadow chancellor Ed Balls called them "deeply concerning forecasts for both the UK and world economy". Independent economists are currently forecasting average UK growth of 1.3% in 2011, slower than the IMF, and 2% in 2012, ahead of the IMF figure. The IMF's UK forecast for 2011 falls behind projections for Germany,...

Debt Crisis Infects Companies via Bank Loan Costs

 Banks in Spain and Italy are curbing loans and charging customers more as aftershocks from the sovereign debt crisis drive their own borrowing cost higher. “They can’t lend what they don’t have, I suppose,” said Francesc Elias, the owner of Bomba Elias, a pumps and filters maker near Barcelona, which shelved a 100,000-euro ($144,000) plan to open a Bahrain office when it couldn’t get an affordable bank loan. “The banks are very clever about finding new ways to charge us more.” Spanish and Italian government bond yields surged to euro- era records this quarter as Greece struggled to avoid default, driving the cost of insuring against nonpayment by the region’s banks to a record and making it harder for them to sell bonds. Spain pays 5.35 percent for 10-year money, up from an average...

Turner Says Murdoch 'Going to Have to Step Down' From News Corp.

 Billionaire Ted Turner said News Corp. Chairman and Chief Executive Officer Rupert Murdoch will probably have to leave the helm of his media company after a phone-hacking scandal that began at one of its newspapers. "I think he's going to have to step down," Turner, 72, said in an interview on Bloomberg Television. "He hadn't survived anything like this. This is serious." News Corp., based in New York, has come under fire this year over allegations its News of the World tabloid hacked into the voice mails of murder victims and paid police for stories. The public outcry forced the company to close the 168-year-old London newspaper and...

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