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Brown
takes charge as the prime minister of UK
London: James Gordon Brown has taken over as prime
minister of Britain.
The
56-year-old Labour party leader was sworn in by Queen
Elizabeth II at the Buckingham Palace shortly after Blair
stepped down after holding the top post for 10 years.
Brown,
Chancellor of Exchequer, has taken over as leader of the
Labour party from Blair who stepped down in the backdrop
of decline in his popularity for joining the US-led campaign
in Iraq.
This
is the first time that a changeover has occurred without
a general election.
Blair,
54, took over as the Prime Minister in 1997 bringing to
an end the 18-year-old rule of the Conservative party,
after the Labour emerged victorious with the biggest majority.
Son of a preacher of Scotland, Brown rose from an academic
to become the Prime Minister.
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Murdoch
not to raise bid for Dow
Rupert Murdoch has said he does not wish to raise his
$5bn (£2.5bn) bid for media group Dow Jones and
may walk away from the deal if he didn't receive approval
from the Bancroft family soon. It is the strongest indication
yet that News Corp could still withdraw its $60-a-share
bid, something analysts predict would send Dow Jones shares
tumbling to below $30.
However,
Murdoch has cleared almost all the hurdles in the bid
battle after News Corp and the board of Dow Jones agreed
in principle on safeguards to the editorial independence
of The Wall Street Journal and Dow Jones' other news operations.
Meanwhile,
internet entrepreneur and MySpace founder Brad Greenspan,
who wants to buy a 25pc stake in Dow Jones at $60 per
share, said he plans to meet with the Dow Jones board
later this week.
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