1. UH-OH

    Murdoch's Son Could Face Charges in U.S.

    File photo dated 28/08/09 of Chairman and chief executive of News Corporation, Europe and Asia James Murdoch.

    David Cheskin, PA Wire / AP Photo

    Things for Rupert Murdoch's son James are looking worse and worse: Both News Corp. and its heir apparent could face charges under America's Foreign Corrupt Practices Act (FCPA), in addition to running into trouble with the U.K.'s Regulation of Investigatory Powers Act 2000, which prohibits phone hacking and any other communication interception. If the U.S. Justice Department finds that News Corp. indeed paid police for information, it could take down the company and James Murdoch under FCPA law, which would definitively prevent him from taking over his father's business. James has already admitted to misleading Parliament over the phone-hacking scandal and attempting to cover up hacking allegations with out-of-court settlements.

    Read it at The Telegraph