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Corrected: Rupert Murdoch's son Lachlan to become Fox CEO after Disney deal

Lachlan said: "We have worked through the winter 'standing up" a reimagined independent Fox . "The strengths of the new company, a leader in news, sports and entertainment, present truly unique opportunities", said Lachlan Murdoch . In recent months, James has distanced himself from the politics espoused by his father and the company's flagship channel, Fox News. "New Fox", as it has been called, will include the company's major TV channels: Fox News, Fox Business Network, Fox broadcasting ...

Business

Royal wedding: How much will it cost?

Meghan Markle and Prince Harry will be tying the knot on May 19 and while it is the most awaited wedding of the year, drama doesn't seem to leave the American actresses' life. Markle told the website: "I hate the idea of missing one of the greatest moments in history and walking my daughter down the aisle". Even worse, this footage came soon after Kensington Palace had asked photographers and journalists to "respect" Thomas Markle's privacy and stop pursuing him.

Business

Macy's shares surge after same-store sales, profit trounce estimates

However, the company actually generated revenue in the amount of $5. 5 billion , handily beating expectations. Sales are expected to range from a 1% decline to a 0.5% increase from $24.8 billion a year ago compared to the prior call for a decline of 0.5% to 2%.

Business

Iran nuclear deal: May warns Trump Britain IS committed to pact

Crude oil prices settled lower today, easing off three-and-a-half year highs, but completed back-to-back weekly gains, sparked by uncertainty over how much oil the global market will lose following the us decision to reimpose sanctions on Iran.

Business

Iranian foreign minister visits Beijing amid nuclear deal crisis

And it did not lie in continuing this deal. Energy industry insiders say Trump's tough stance on Iran will probably keep oil and gasoline prices higher than they would otherwise be. Mogherini said "expert talks" on relevant financial and economic issues such as banking transactions and oil would begin soon and the deputy foreign ministers from the three European nations and Iran would meet in Vienna next week.

Business

Hassan Says Rollback of Net Neutrality Rules Could Hurt NH's Dairy Farmers

But the vote set for Wednesday does force lawmakers to go on record supporting - or opposing - net neutrality ahead of the midterm election. Sen. Ed Markey , who is now leading of the effort to save Net Neutrality, stated that the possibility of President Trump blocking the movement if it passes the necessary votes would create a "political firestorm", however the controversial world leader hasn't shied from such backlash in the past.

Business

Paddy Power Betfair declares interest in FanDuel

The nation's highest court on Monday struck down the federal law that had barred single-game gambling in most of the country, saying it unconstitutionally forced states to maintain their prohibitions. The move comes just days after the United States relaxed its gambling laws, providing an opening for the likes of William Hill and Paddy. They closed up a further 6% on Wednesday at £82.15 as markets digested the potential for the company to add FanDuel to its existing U.S.

Business

Watch a Tesla Model X tow a passenger airplane down a runway

Nissan managed to pull a gargantuan 170-tonne cargo plane to set a new record in 2013. In fact, past year a video went viral showing a Tata Hexa towing a Boeing 737-800. The auto actually received a Guinness World Record for heaviest tow by an electric production passenger vehicle. The Model X towed the airplane for nearly 1,000 feet seemingly without breaking a sweat.

Business

Volvo to ditch diesel, starting with the new S60

Speaking to Financial Times , Volvo's chief executive Hakan Samuelsson said: "We're not saying diesel is more dirty, but it's more complicated and more expensive". Volvo's transition away from the internal combustion engine may be starting now, but it won't happen quickly. He said lower fuel consumption was the "only advantage of diesel ", but that "you can get that back with a mild-hybrid engine".

Business

Amazon cuts Whole Foods prices for Prime members

Amazon has made fairly quick work of leveraging its investment in the brick-and-mortar grocery chain. Amazon is offering Prime members 10 percent discounts on select items at Whole Foods stores in Florida, the first step in a program Amazon expects to implement nationwide this summer.

Business

Injured Neuer in Germany's provisional squad, Emre Can left out

The 2014 champions who disgraced Brazil 7-1 at the semi final stage before overcoming Argentina 1-0 in extra time have kept faith with injured Manuel Neuer , despite their first choice goalkeeper being out with a broken foot since September a year ago.

Business

WOW launches London-Delhi flight via Iceland

To promote the India service, Wow Air is offering $199 one-way fares from St. Louis to Delhi. The airline now serves 39 destinations across Europe and North America including London , Paris, New York, Toronto , Baltimore, San Francisco and Chicago.

Business

Japan's economy expected to show sluggish growth in first quarter

Japan will on Wednesday release preliminary Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. It followed a downwardly revised 0.6 per cent annualised rate of expansion in the fourth quarter, the Cabinet Office data showed.

Business

Major US stock indexes head lower

The S&P 500 fell 0.7 percent, to 2,711.45. The technological Nasdaq Composite expanded by 0.1% and ended at 7,411.32 points. Vaneck Vectors Semiconductor's stock rose 1.7% after the news. Small-company stocks also rose. Stocks are opening moderately higher on Wall Street, led by gains in technology, health care and energy companies.

Business

Pompeo says U.S. wants to work with Europeans on new Iran deal

It's sending the signal that the United States wants to confront Iran , and that's a signal that the Israelis and the Saudis are all too eager to hear". Mr Le Drian has already described the U.S. sanctions as unacceptable, saying European business should not be required to pay for United States foreign policy decisions.

Business

Netta welcomed home by ecstatic crowd in Tel Aviv

Barzilai, a smiling 25-year-old live looping artist shouted after being named the victor. A new study has shown that the view of the global song contest Eurovision has an impact on the level of life satisfaction. The government is also relishing in Trump's warm embrace, his recognition of Jerusalem as Israel's capital and his nullifying of the nuclear deal with Israel's arch-enemy Iran.

Business

Boeing trade case sets up U.S. to impose tariffs on EU

This is expected to be the largest-ever WTO authorization of retaliatory tariffs. The Geneva-based WTO can't force nations or companies to drop payments that violate trade rules, but it can authorize retaliatory measures to pressure governments into complying with its rulings.

Business

How to buy a 2018 Champions League final match programme

The Egypt global claimed the Golden Boot, adding to numerous individual honours he has already won this season, including the PFA Players' Player of the Year and FWA Footballer of the Year. "Cool, then he has two weeks to prepare for our biggest game so far, that's for sure". "To enjoy it we had to win it". The Belgian striker struck 15 times last season but managed only three league goals in 2017-18, falling well below his xG of 10.2.

Business

Facebook, Aiming for Transparency, Details Removal of Posts and Fake Accounts

Facebook's vice president of product management, Guy Rosen, said that the company's systems are still in development for some of the content checks. It took action on 21 million pieces of content containing nudity and sexual activity . Among the most noteworthy numbers: Facebook said that it took down 583 million fake accounts in the three months spanning Q1 2018, down from 694 million in Q4 2017.

Business

Twitter Has a New Plan to Combat Trolls

This is, however, a very 2014 way to look at content moderation and I think it's grown pretty apparent as of late that Twitter needs to lean on its algorithmic intelligence to solve this rather than putting the burden entirely on users hitting the report button.

Business

Uber Shifts How it Handles Sex Assault Cases

San Francisco - Uber is eliminating forced arbitration for passengers who allege sexual assault by the company's drivers. Second, the company has also pledged to "eventually" release a report with data on sexual harassment and assault incidents that have occurred on its services.

Business

Kia Sportage diesel hybrid to launch this year

More detailed plans for the roll-out of its new mild-hybrid technology in the United Kingdom will be announced by Kia in due course . Kia hasn't released any specs yet, but says that the 48V battery will be located beneath the boot floor, at least in the case of the Sportage.

Business

S&P Capital Markets ETF SPDR (KCE) Closes Above PSAR

The 14 day Williams %R for Micron Solutions Inc (MICR) is noted at -56.52. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).

Business

Gas prices are rising

That means it is renewing sanctions, which include not buying Iranian oil. "AAA predicts that the national average may reach $3/gallon this summer, especially if crude oil prices continue to increase". Gas prices right now are 53 cents higher than they were the same time past year. About GasBuddy GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline.

Business

American Airlines: No hedgehogs, goats; mini horses are OK

They must be leashed or have a harness and may not growl, bite, or jump. From 2016 to 2017, American alone saw a 40 percent spike in passengers traveling with service or support animals. American will also enforce its existing 48-hour advanced notice policy for emotional support animals. Richard Burr (R-N.C.) introduced new legislation in April to correlate the definition of a "service animal" under the Air Carriers Access Act with that of the Americans with Disabilities Act.

Business

Project Maven: Nearly a dozen Google employees have reportedly quit in protest

Earlier this year , employees raised concerns to Google CEO Sundar Pichai about the company's involvement with Project Maven - a scheme involving the use of AI technology to interpret drone footage and improve strike accuracy. I realized if I can't recommend people join here, then why am I still here? The internal petition has been signed by close to 4,000 employees at this stage.

Business

Gas prices rise as motorists make Memorial Day plans

The renewal of sanctions is due to take between 90 and 180 days, with the most important limitation reportedly having to do with Iran engaging in financial operations with the United States dollar, as well as Iran's oil sales and other energy-related investments, including those through the Central Bank of Iran.

Business

Home Depot misses comparable-sales estimates as spring traffic dips

The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. (NYSE:HD) has risen 18.94% since May 15, 2017 and is uptrending. World Investors owns 8.12M shares. It's up from 1,390 at the end of the previous reported quarter. (NYSE:CIT). Nordea Investment Mngmt owns 136,148 shares or 0.02% of their United States portfolio.

Business

Gap Irks China With Map on Shirt, Quickly Apologizes

Gap quickly apologized , even though it appears the T-shirt is not for sale in China. United States clothes giant GAP said it was "extremely sorry" for selling a T-shirt with an "incomplete" map of China, after it was accused of being disrespectful to the country's territorial sovereignty.

Business

Cashier-free Amazon Go stores are coming to Chicago and San Francisco

And on Sunday, the San Francisco Chronicle reported that Amazon planned to open a store near the city's Union Square, with a formal announcement expected within weeks. Opening more stores is yet another sign that Amazon is serious about expanding its physical presence. The technology will do everything for you, right from start till the end.

Business

Tesla Model S was in Autopilot mode during Utah crash, driver says

While a Tesla spokesperson failed to comment following the accident, the company's co-founder Elon Musk took to Twitter to note that it was "super messed up" that the latest accident had garnered so much public attention, while accidents involving traditional cars "get nearly no coverage".

Business

Picasso painting worth $70000000 damaged moments before going on sale

The self-portrait, named Le Marin ( The Sailor ) was set to go to the highest bidder at NY auction house Christie's, along with another work by the artist-a 1964 portrait of a woman with a cat named Femme au chat assise dans un fauteuil .

Business

Counting of votes for K'taka Assembly polls begins

A total of 2,654 candidates , including 216 women candidates , are in the fray for the election, which is being looked at as a game changer for the Congress ahead of the general elections in 2019, and as a gateway into the South for the Bharatiya Janata Party (BJP ).

Business

Winklevoss Bitcoin Exchange Wins New York's Approval to Expand, Offer Zcash

On May 14, 2018 , the New York State Department of Financial Services (DFS) announced that it "authorized" Gemini Trust Company LLC, to "offer the custody services and trading of Zcash , Litecoin , and Bitcoin Cash ". Privacy supports societal values such as human rights, political freedom, financial inclusion, and economic opportunity. Regulators in other countries, most notably Japan, have been targeting privacy coins, even requiring some exchanges in the region to delist ...

Business

Vodafone boss Vittorio Colao to step down

Colao has been at the helm since 2008, with Vodafone saying he had overseen the company's shift, assuming "a diverse portfolio including the largest mobile and fixed next-generation network in Europe". Fixed revenues now account for a quarter of Vodafone's income. Revenue fell 2.2 per cent to £46.5 billion compared to previous year, due to the deconsolidation of Vodafone Netherlands and fluctuating currency rates.


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