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The Murdochs find themselves bloodied at a time they are seeking to restore calm and show they still can assert control over the international corporation. And Tuesday's report concluding that °µºÚ±¬ÁÏ Corp. misled Parliament about the scale of phone hacking is not the final word. The likelihood of consequences in the U.S. hangs on the horizon.

Top stories include: a year after Osama bin Laden's death, al-Qaida is still present; a report from a British parliamentary panel declares °µºÚ±¬ÁÏ Corp. head Rupert Murdoch is not fit to lead a major corporation.

There has been a "lack of effective corporate governance" at °µºÚ±¬ÁÏ Corp. and a culture of problems that "permeated from the top," a British Parliament committee concludes. It's scathing report follows the so-called hacking scandal in the U.K.

Media mogul Rupert Murdoch testified today that lower-level executives were the ones behind a cover-up of the so-called hacking scandal and that they kept him from knowing about what had happened.

Top stories include: Charles Taylor, the former leader of Liberia is convicted of war crimes; TSA agents working security lines at Los Angeles International Airport are accused of accepting bribes from drug couriers to overlook contraband.

An inquiry continues into the ethics of the British news media, and in particular the actions of some tabloids owned by Murdoch's °µºÚ±¬ÁÏ Corp.

In Britain Wednesday, media mogul Rupert Murdoch appears before a panel to testify about contacts with leading British politicians at a time when his °µºÚ±¬ÁÏ Corp. was trying to takeover broadcasting group BSkyB. On Tuesday, Murdoch's son appeared before the same panel.

Rupert Murdoch's British newspaper division is accused of phone hacking and bribing police officers. That scandal has already cost the company hundreds of millions of dollars. Now °µºÚ±¬ÁÏ Corp. is fending off media reports that a specialized unit engaged in industrial espionage on behalf of the company's global satellite and cable TV operations.