News Corp settles US hacking suit, buys company

[kpete]

News Corp settles US hacking suit, buys company
http://www.nytimes.com/...

In 2006 the state of Minnesota accused News America of engaging in unfair trade practices, and the company settled by agreeing to pay costs and not to falsely disparage its competitors.

In 2009, a federal case in New Jersey brought by a company called Floorgraphics went to trial, accusing News America of, wait for it, hacking its way into Floorgraphics’s password protected computer system.

The complaint stated that the breach was traced to an I.P. address registered to News America and that after the break-in, Floorgraphics lost contracts from Safeway, Winn-Dixie and Piggly Wiggly.

(snip)
It settled with Floorgraphics for $29.5 million and then, days later, bought it, even though it reportedly had sales of less than $1 million.

http://www.nytimes.com/2011/07/18/business/media/for-news-corporation-troubles-that-money-cant-dispel.html?_r=2&pagewanted=all&seid=auto&smid=tw-NYTimesAd
http://www.dailykos.com/comments/995568/42426452#c265

[spanone]

1. news corps is probably 'too big to fail' in america....

[Chimichurri]

2. Ho. Lee. Sh*t

sorry but reading this was like a punch in the gut after abdominal surgery.

If these guys walk, I don't know. I'm so exhausted from the perpetual let downs.

[Maru Kitteh]

3. K & R.

[Stuart G]

4. K and R thanks for posting..

[Frustratedlady]

5. This is becoming something out of a spy novel, mystery of intrigue

I can't see any way they can say this didn't spread across the pond. Makes you wonder how many bodies it includes.

[sofa king]

7. I'll not be surprised to learn that the Kerry '04 campaign was tapped.

Back then, I simply assumed that the Bush Administration was misusing the NSA as they exploited all other tools of government to their advantage, and that explained their annoying prescience about what Kerry planned to do.

But maybe they didn't have to use NSA.

[Major Hogwash]

6. They aren't going to be able to buy their way of this scandal!!

There isn't enough money printed for them to be able to buy their way out of hell.

[malaise]

8. No wonder ReTHUGS are so nervous

Listen to Demint from MTP yesterday.
From 9.52
http://www.msnbc.msn.com/id/3032608/vp/43784850#43784850

[pacalo]

9. Hahaaa!

The Republicans don't do diddly but obstruct in congress as it is, yet he says that congress "has enough on its plate, with the debt ceiling" issue; let the law enforcement handle it. :rofl:

Those Republicans can't get involved; they're very likely up-to-their-necks involved in the chicanery.