James Murdoch is appearing before a British parliamentary committee for the second time this year to answer questions about his role in the phone hacking scandal that has plagued News Corp., his family’s company, for months.

Murdoch, the son of News Corp. CEO Rupert Murdoch and a top executive within the company, has found himself in increasingly dire straits throughout the crisis. The scandal exploded in July with revelations that the News of the World tabloid hacked the voice messages of murdered schoolgirl Milly Dowler along with thousands of other people.

The younger Murdoch has come under mounting pressure over what he knew about phone hacking at the paper. In July, he testified that he knew nothing about a wide pattern of phone hacking at the News of the World until 2010, and that he signed off on payments to phone hacking victim Gordon Taylor without knowing why.

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James Murdoch Parliament Testimony: LIVE Updates

THE FOLLOWING WAS RECORDED PRIOR TO RECENT NEWS REPORTS

In part 1 of this weeks Chair Shot Reality….

Outside The Ropes with the major news stories of the week….

The Rock to wrestle at Survivor Series

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CSR Pt 1: The Rock Wrestling At Survivor Series

ACCRA (Reuters) – The father of a trader accused of losing Swiss banking giant UBS about $2 billion in unauthorized deals said on Thursday he was heartbroken when he heard the news.

Police arrested 31-year-old Kewku Adoboli overnight at UBS’s London office on suspicion of fraud after the bank discovered a problem on Wednesday.

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Family Of Kewku Adoboli, Suspected UBS Rogue Trader, ‘Heartbroken’

NEW YORK (PETER SVENSSON, AP/THE HUFFINGTON POST) — Steve Jobs had no formal schooling in engineering, yet he’s listed as the inventor or co-inventor on more than 200 U.S. patents. These are some of the significant products that were created under his direction:

Read on to find out what this huge announcement means for Apple; to meet the company’s new CEO Tim Cook; to watch Jobs’s most iconic moments at Apple; to read Jobs’s best quotes ever; to read over his letter of resignation and to see how the web reacted to the news.

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Steve Jobs Resigns As Apple CEO: 10 Products That Defined His Career (PHOTOS)

“Numbered,” our weekly digits digest, is bringing you the numbers behind the news.

This feature highlights the top new stats, facts, and figures to bring you the latest on tech, by the numbers, and quantify the changing state of mobile, social media, and more.

In this week’s edition: HP kills its phone and tablet businesses, Apple overtakes a new rival, and more. See last week’s stats here.

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Numbered: The Week’s Must-See Tech Stats

Do you dare to dream of peace, plenty and prosperity in the face of so much gloomy news? The loving human spirit within us does just that.
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Anne Naylor: Wealth School: Your Intuition and a Dream

Investigators have revealed that Kenneth Harding, the man believed to be fatally shot by San Francisco police Saturday, may have actually died from a self-inflicted gunshot wound.

THIS IS A BREAKING NEWS ALERT. Check back for updates.

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Kenneth Harding Shooting: SF Police Claim Victim May Have Killed Himself

There’s no telling how the News Corp. saga will turn out, but I’ll try. Here’s a scenario that leads to the breakup of News Corp., the Murdochs out of power, the deflation of institutional journalism, a break in the too-cozy media-government complex, an unfortunate rise in regulation of media, and a fortunate opening for newcomers. This story of legality and morality will quickly shift to one driven by business.

A week ago, I speculated that News Corp. would need to get out of the news business. Not so crazy. Since then, the FT’s John Gapper speculated similarly, as did John Cassidy at The New Yorker.

And since then, News International head Rebekah Brooks resigned and was arrested; Dow Jones head Les Hinton resigned; Murdoch gave up on BSkyB; the Murdochs agreed to testify before Parliament; and the revelations of corruption between News Corp. and police and government get only worse, leading to the resignation of the head of the police. What looked so far out doesn’t look so far out now. So how could this progress?

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Jeff Jarvis: The fall of the Murdochs and break-up of News Corp: How it could happen

Filed under: UFC, News

Tito Ortiz has pulled out of his main-event bout next month against Antonio Rogerio Nogueira and will be replaced by Phil Davis.

UFC president Dana White made the announcement Saturday afternoon on his Twitter feed. Ortiz-Nogueira was scheduled to headline the UFC’s Fight Night 24 show in Seattle, the promotion’s debut in that city.

Instead, Davis (8-0, 4-0 UFC) will get his first taste of a main event, stepping in for Ortiz, the former light heavyweight champion. White’s announcement on Twitter said Ortiz needed stitches and was out of the bout. Ortiz confirmed the news in a Twitter post of his own Saturday afternoon, saying he needed 22 stitches and had suffered a concussion.

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Tito Ortiz Out of Antonio Rogerio Nogueira Bout, Phil Davis In

Filed under: UFC, News

UFC president Dana White confirmed Tuesday that the main event fight between B.J. Penn and Jon Fitch on Feb. 27 will determine the next No. 1 contender for the UFC welterweight championship.

“Let’s face it, the reality is B.J. Penn has held titles in both weight classes,” White said on the UFC 127 media call. “Fitch has fought for the title and has literally dominated that division for a long time, just didn’t win the title. Any one of these guys that wins this fight is in the mix — the No. 1 guy.”

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Dana White: BJ Penn vs. Jon Fitch Will Decide Next No. 1 Contender