Phone-hacking scandal widens, shares slump

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The impact of a tabloid phone-hacking scandal widened Thursday as shares in parent company News Corp. slumped amid revelations the relatives of dead soldiers may have been targeted. According to The Telegraph, Glenn Mulcaire, the private investigator at the heart of the scandal, had the personal details of the families of British servicemen who died fighting in Iraq and Afghanistan. The Rupert Murdoch-owned News International group said it would be “absolutely appalled” if claims its newspaper the News of the World intercepted messages meant for the relatives of dead soldiers were true. The revelations impacted the Australian market with News. Corp. shares dropping 55 cents, or 3.20 percent,…

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Phone-hacking scandal widens, shares slump

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Posted by on July 6, 2011. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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