News Corp shares rise after hearing

Source: BBC News

Shares in News Corporation have recovered ground after Rupert and James Murdoch's appearance in front of a committee of British MPs.

News Corp shares closed up 5.5% in New York and rose 5.1% in Sydney.

The move recovers some of the losses sustained as the phone-hacking scandal at its newspaper title, the News of the World, has unfolded.

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Calpers (California Public Employees' Retirement System), which owns 6.4 million of News Corp's shares, is unhappy with the shareholding structure that gives the Murdoch family's 'B' shares voting rights, meaning that although they own only 12% of the company, they hold the biggest single block - 40% - of the votes.

Read more: http://www.bbc.co.uk/news/business-14211424

'splain this to me as if I were 5. Also, amid the heated debt ceiling debates, the Dow was UP yesterday. I thought political uncertainty made the Dow volatile. I'm so confused.

lots of factors affect the stock markets worldwide - even the weather at times.

If you look here occasionally it will give you a clue as to what's what. http://www.bloomberg.com/news/

You see, if this were a better world (never mind perfect), if this weren't really Bizarro world, this would have and should have spelt the end of News Corp.

But peoples gots to make thier moneys, and even if Satan Himself were head of NewsCorp (and who really says he isn't), the Evil Men Do will be forgotten by next week, latest.

Because peoples gots to make their moneys, and only suckers work for a living.

Have your girl call my girl. We'll do a power lunch.

that JP Morgan Chase own about 28% of BP : best returns.