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Need to Know News: Murdoch insider charged in phone hacking probe; Obama weighs in on JPMorgan loss
May 15th, 2012
09:52 AM ET

Need to Know News: Murdoch insider charged in phone hacking probe; Obama weighs in on JPMorgan loss

Each day, we here at "Piers Morgan Tonight" put together the news you need to know – from what happened last night to what will happen today.

For May 15, 2012 – Murdoch insider charged in phone hacking probe, Barack Obama weighs in on JPMorgan loss and Britney Spears and Demi Lovato join 'X Factor' as Fox shuffles schedule...

• Murdoch insider charged in phone hacking probe: "British prosecutors said Tuesday they would charge Rebekah Brooks with trying to obstruct a police investigation into phone hacking at newspapers owned by media mogul Rupert Murdoch."

Barack Obama weighs in on JPMorgan loss: "President Barack Obama said Monday that a $2 billion trading loss suffered by JPMorgan Chase is 'why Wall Street reform is so important.' The bank's loss, which resulted from a massive bet on derivatives, has sent shockwaves through financial markets and caused JPMorgan shares to drop 12% over the past two trading sessions."

John Edwards' daughter expected to testify in his corruption trial: "While John Edwards' lawyers have not yet made a decision whether to put the former presidential candidate on the stand in his corruption trial, Edwards' oldest daughter, Cate Edwards, is expected to testify this week, possibly as early as Tuesday."

• Facebook raises IPO range to $34-$38 a share: "In a sign of strong demand from investors for shares in its upcoming initial public offering, Facebook is raising the target price range for its stock. Facebook now expects to price its shares at $34 to $38 each, up from the $28 to $35 range it set earlier this month, according to its latest filing with the Securities and Exchange Commission early Tuesday."

Britney Spears and Demi Lovato join 'X Factor' as Fox shuffles schedule: "Fox is adding three new shows and two familiar faces to its schedule this fall. As expected, Demi Lovato and Britney Spears will join "X Factor's" judges' table, taking the spots left vacant by season 1 judges Paula Abdul and Nicole Scherzinger."

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  1. 111Dave111

    Need to Know News: Murdoch insider charged in phone hacking probe; ... Each day, we here at "Piers Morgan Tonight" put together the news you need to know – from what happened last night to what will happen today.
    • Murdoch insider charged in phone hacking probe: "British prosecutors said Tuesday they would charge Rebekah Brooks with trying to obstruct a police investigation into phone hacking at newspapers owned by media mogul Rupert Murdoch."

    This is all Piers Morgan has to say, as another 'Murdock insider' and News Corp. Editor?
    He knows Murdoch & Brooks personally, he was working with these people a couple of years ago, they even called him to testify. Maybe he was involved. Seems so odd he is silent.

    He surely know influence peddling and scandal papers in London,
    better than he knows the situation of urban, blacks in America.

    May 15, 2012 at 2:32 pm | Report abuse | Reply
  2. 111Dave111

    Still no update from PM- Need to Know News.
    So here goes, Bloomberg is a good source:

    Last July (2011) when London prosecutors claim Rebekah Brooks was attempting to hide seven boxes of relevant evidence from a police probe, the former top lieutenant of Rupert Murdoch’s News Corp. was dealing with the crisis point of the phone-hacking scandal under investigation. According to the Crown Prosecution Service, Brooks allegedly conspired with Cheryl Carter, her personal assistant, to remove the boxes from the premises of News International, the News Corp. U.K. unit she headed, between Wednesday July 6 and Saturday July 9, 2011. News Corp. Chairman Rupert Murdoch was photographed with Rebekah Brooks in London in July, 2011. News International and the London Metropolitan Police Service, which has been collecting evidence related to phone- hacking and other illegal activities at Murdoch-owned newspapers in the U.K., declined to comment on the contents of the boxes or to explain how they know about their removal.

    May 17, 2012 at 11:14 am | Report abuse | Reply
  3. 111Dave111

    Why doesn't Piers ask his old boss what was in the 7 boxes, Rebekah removed for him BEFORE she was fired and the paper shut down?

    OR you could do another fluff interview.

    May 17, 2012 at 11:20 am | Report abuse | Reply
  4. 111Dave111

    Still no update from PM- Need to Know News.
    So here goes, Reuters is a good source:

    Harry Evans told a British media inquiry how as editor of the Times he battled attempts by Murdoch to compel him to support British Prime Minister Margaret Thatcher. Expressing disgust at a fall in journalistic standards that he said Murdoch helped stoke by fostering a culture of trifling scandal, Evans said reporters needed principles to prevent them getting too close to the powerful. Evans edited the Sunday Times from 1967-1981. He agreed to edit the Times when offered the job by Murdoch but he only lasted a year. He stood down in 1982 in protest against what he saw as Murdoch's interference in editorial policy.

    May 17, 2012 at 11:47 pm | Report abuse | Reply
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