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The headquarters of Goldman Sachs in New York City is a looming presence. The investment bank announced Tuesday that it earned $1.05 billion for common shareholders in the second quarter, more than double its profits compared with the same period a year ago. But the amount was well below what analysts were expecting. (Associated Press)
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A protester wearing a Rupert Murdoch mask makes his point outside Parliament in London on Tuesday. Mr. Murdoch, CEO of News Corp., and his son James, also a company executive, were questioned for three hours by a parliamentary committee about the ongoing phone-hacking scandal in Britain. (Associated Press)
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Sean Hoare, the whistleblower reporter who alleged widespread phone hacking by the News of the World, was found dead on Monday, July 18, 2011. (AP Photo/News International)
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Ann Arbor, Mich.-based Borders bookstores, the headquarters of which are shown here, will seek bankruptcy-court approval to liquidate after it failed to receive any bids that would keep it in business. (AP Photo/AnnArbor.com, Melanie Maxwell)
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Saudi Prince Alwaleed bin Talal al-Saud, No. 26 on Forbes' list of the world's richest people, received a $26 million loan from an arm of the World Bank for a luxury hotel in Ghana and Sen. Patrick Leahy, Vermont Democrat, wants to know why it was approved. (Associated Press)
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ASSOCIATED PRESS Charlie Sheen will have a financial stake and a measure of creative control of "Anger Management," the new TV series he will also star in. The show is based on the movie of the same name that starred Adam Sandler and Jack Nicholson. The show will be shopped to broadcast and cable networks.
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Sen. Richard J. Durbin, Illinois Democrat, says Congress should join an FBI investigation into whether News Corp. engaged in illegal activities in the United States.
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Rebekah Brooks, former British CEO of News Corp., was arrested in London and is being questioned about suspected phone hacking and corruption activities. (Associated Press)
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A newspaper is opened to show the advertisement apology for News International and photographed at a news vendor in central London, Saturday, July 16, 2011. News Corporation chairman Rupert Murdoch signed the company advert titled "We are sorry," which is published in British national newspapers Saturday. (AP Photo/Sang Tan)
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** FILE ** Les Hinton, then chief executive officer of Dow Jones & Co., is pictured in 2008 in his New York office. (Associated Press, File)
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**FILE** Rebekah Brooks, chief executive of News International, is driven away from offices of News International in London, on July 7, 2011. (Associated Press)
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** FILE ** Media baron Rupert Murdoch and Rebekah Brooks, then News International chief executive, are pictured on Sunday, July 10, 2011. Ms. Brooks resigned from the company on Friday. (AP Photo/ Ian Nicholson/PA)
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** FILE ** Borders Group teetered on the brink of liquidation Thursday, July 14, 2011, after an offer from a private-equity investor disintegrated. (AP Photo/Carlos Osorio, file)
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Federal Reserve Chairman Ben S. Bernanke testifies on Capitol Hill in Washington, Thursday, July 14, 2011, before the Senate Banking Committee to deliver the semiannual Monetary Policy Report. (AP Photo/Susan Walsh)
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News Corp. Chairman Rupert Murdoch arrives at his residence in central London on Wednesday, July 13, 2011. (AP Photo/Sang Tan)
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ASSOCIATED PRESS News Corp. Chairman Rupert Murdoch arrives home in London on Wednesday, the day it was announced that his company dropped its bid to buy controlling interest in British Sky Broadcasting (BSkyB).
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Federal Reserve Chairman Ben S. Bernanke prepares to testify before the House Financial Services Committee on Capitol Hill in Washington on Wednesday, July 13, 2011. In his semiannual report to the panel, Mr. Bernanke said the Fed would provide additional stimulus to the economy if the current lull persists. (AP Photo/Carolyn Kaster)
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Jack Gerard, president and CEO of the American Petroleum Institute, told The Washington Times on Tuesday that oil and natural gas companies could create millions more jobs if allowed to drill domestically. Another plus would be the generation of billions of tax dollars, he said. (Barbara L. Salisbury/The Washington Times)
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Under a new pricing policy, Netflix customers will have to buy separate plans if they want to rent DVDs by mail and watch video on the Internet. Subscribers will be paying as much as 60 percent more as a result. (Associated Press)
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** FILE ** A group of committed AIDS activists and advocates spearheaded by AIDS Healthcare Foundation (AHF) protested Gilead Sciences outside its Foster City headquarters earlier today over Gilead's pricing and policies on its HIV/AIDS medications. (Photo: Business Wire)
