News Corp share slide 7.6% on phone hacking arrest (BBC)

[eppur_se_muova]

Shares in News Corporation, the company owned by Australian billionaire Rupert Murdoch, have dropped by 7.6% to a two-year low.

Shares touched A$13.65, their lowest point on the Australian Stock Exchange since July 2009.

They later recovered slightly, to stand 3.79% down at A$14.21. Its shares have lost almost a fifth of their value since the start of July.

The slide comes as an investigation into phone hacking in the UK widens.

Analysts say the events of the past few days have caused major damage to the company, as 19% of its total value has evaporated.
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more: http://www.bbc.co.uk/news/business-14181119




Sleazy come, sleazy go.

[FreakinDJ]

1. The share holders will be doing the Limbo in no time

"How Low can you Go"

[tcaudilllg]

2. If I had newscorp shares...

I'd have already sold them by this point. That company is dead in the water.

[DCKit]

3. Hasn't Rupert got his U.S. citizenship already?

Just sayin'.