UK will consider tabloid closure in Sky decision
LONDON (Reuters) - The British government said on Friday it would take the closure of the Rupert Murdoch tabloid at the heart of a phone hacking scandal into consideration when deciding on the mogul's bid to buy BSkyB.
The department for media also said its final decision on the News Corp planned takeover would take as long as necessary to work through the large number of responses submitted as part of the final consultation.
"Given the volume of responses, we anticipate that this will take some time," the department said in a statement.
"He will consider all relevant factors including whether the announcement regarding the News of the World's closure has any impact on the question of media plurality."
The government has been examining the planned $14 billion takeover on grounds of media plurality and whether it would reduce the number of "media voices" present in the country.
NEW YORK, March 8 (Reuters-peHUB) - The auction of JP Morgan Chase's private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.