that news of the world authorized news surveillance of public figures including the lawyers and families of those involved with the phone hacking victims there have already been arrests and probes brirn police and inside news corps itself are ongoing. the story is not over yet. shepard: thank you. here in the united states, plans for new oil pipeline down the middle of the country on hold tonight. the u.s. is telling the company to find a different route to avoid an area that supplies water to 8 different states. officials say that means there will probably not be a decision until after the 2012 election. saying president obama, the final decision should be guided by an open, transparent process that is informed by the best available science and the voices of the american people. but the house speaker john boehner for the republicans said more than 20,000 new american jobs have just been sacrificed in the name of
they are refusing to leave the jail until they get permission to hold their fast. i m zain verjee and world business today starts now. good morning from cnn paris, i m nina dos santos. welcome to world business today. the top stories this wednesday, august 17th. leaders of the eurozone s two top economies meet and investors are not impressed by the outcome. the world s largest economy hasn t been inspiring much confidence either. in an exclusive interview u.s. president barack obama tells us how he wants to turn that around. new evidence emerged in the news of the world hacking scandal challenging james murdoch s testimony. first, let s get straight to the markets. if investors were holding their breath in the hope of a break through in europe s sovereign death crisis, they ll still be waiting to exhale. tuesday s much-hyped meeting between the french president nicolas sarkozy and german chancellor angela merkel was a damp squid in the eyes of the market as
celebrities. amy is live with the latest. all of this on yet another day of public apology. news corps taking out a second day of full page advertisements in national papers saying that we are sorry for any wrong doing and we promise to set things straight. there will be no excuses and no where to hide for people who were involved in any of the wrong doing. and then a pledge of compensation for certain phone hacking victims. no, many people were surprised today by the arrest of rebekah brooks. and according to her spokesperson she was extremely surprised herself by this. she had gone to a london police station for a prearranged meeting today and when she got there she was arrested. now, brooks had been editor of news of the world from 2000 to 2003 and that was one of the most sensitive periods of the phone hacking. she stepped down, she was running murdoch s british
day of full page advertisements in national papers saying that we are sorry for any wrong doing and we promise to set things straight. there will be no excuses and no where to hide for people who were involved in any of the wrong doing. and then a pledge of compensation for certain phone hacking victims. no, many people were surprised today by the arrest of rebekah brooks. and according to her spokesperson she was extremely surprised herself by this. she had gone to a london police station for a prearranged meeting today and when she got there she was arrested. now, brooks had been editor of news of the world from 2000 to 2003 and that was one of the most sensitive periods of the phone hacking. she stepped down, she was running murdoch s british newspaper empire until she stepped down friday which she did under building intense public pressure. the times newspaper wrote about a long and successful career of