Top of the Hour: Major Developments in the News Corp. Scandal, Morning Headlines

News Corporation shares hit a two-year low this morning after Sir Paul Stephenson stepped down as head of Scotland Yard. Britain’s top police official resigned hours after former News International chief executive Rebekah Brooks was arrested, becoming the tenth person arrested in the phone hacking and police bribery scandal that continues to grow.

News Corporation shares hit a two-year low this morning after Sir Paul Stephenson stepped down as head of Scotland Yard. Britain’s top police official resigned hours after former News International chief executive Rebekah Brooks was arrested, becoming the tenth person arrested in the phone hacking and police bribery scandal that continues to grow.