TOP NEWS
By JOHN F. BURNS AND ALAN COWELL Rupert Murdoch's News Corporation announced on Wednesday that it was withdrawing a $12 billion bid, hours after members of Britain's Parliament had urged him to do so in a rancorous session. The Lede Blog By ROBERT MACKEY On Wednesday, The Lede is following developments in the phone hacking scandal in Britain. DealBook By MICHAEL J. DE LA MERCED The media giant may still have to take further action, like spinning off its troubled British newspaper unit. By JACKIE CALMES The Senate Republican leader predicted that his party would be punished if they did not allow the debt ceiling to be raised. By RACHEL DONADIO and NICHOLAS KULISH The government released a scathing new report saying that the church was still covering up abuse by priests as recently as 2009. |
| Multimedia Prime Minister David Cameron of Britain details a wide-reaching public inquiry into the phone-hacking scandal, and News Corporation drops its bid for BSkyB. Opinion Opinionator | The Stone Nonexperts are in no position to argue against the consensus of expert scientific opinion. |
BUSINESS
DealBook By BEN PROTESS Aimed at changing how Wall Street does business, the Dodd-Frank Act is also peppered with little-known items on issues like so-called conflict minerals and mining safety - the pet concerns of lawmakers. By BINYAMIN APPELBAUM Ben S. Bernanke said on Wednesday that the Federal Reserve is reconsidering its decision to refrain from new stimulus measures. Advertising By JACK EWING Mercedes-Benz's sponsorship of the British Open, which begins on Thursday, is part of a stepped-up effort to reach affluent consumers. By STEPHEN CASTLE AND JACK EWING Scrambling to contain the euro zone debt crisis, European leaders put off a meeting in order to bridge differences over private investors' role in a second Greek bailout. By DAVID JOLLY Critics said the plan does not address the most pressing issue: too many boats chasing too few fish. |
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