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Lachlan Murdoch to serve as chairman, CEO of New Fox

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Elder son Lachlan Murdoch has been named as the heir to Rupert Murdoch's business empire. Since 2015, Lachlan has been executive chairman of 21st Century Fox . 21st Century Fox chief financial officer John Nallen will take a broader position as chief operating officer, but no role for the group's current president, Peter Rice, was included in today's announcement. Read More »

Lord & Taylor shopping site launching on Walmart.com

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The Lord & Taylor flagship store features thousands of trend-right styles, including womens, mens, and kids clothing, shoes, handbags, accessories, and jewelry, that will be updated regularly. Lord & Taylor, once a leading apparel retailer, is joining forces with Walmart to create an online store on Walmart.com that will offer over 100 fashion brands, in a sign of the strategies retailers will need to consider in the new retail environment. Read More »

Cisco Systems (CSCO) Expected to Post Quarterly Sales of $12.42 Billion

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That indicates sales of $12.6 billion to $12.9 billion, compared with an average analyst prediction of $12.7 billion. The shares were sold at an average price of $45.50, for a total transaction of $940,530.50. The company had revenue of $11.89 billion during the quarter, compared to analyst estimates of $11.82 billion. Cisco Systems Inc. shares slipped in extended trading after the network-equipment maker's fourth-quarter forecasts fell short of Wall Street's most optimistic projections. Read More »

June's petrol price could rocket past R15 a litre

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In the capital city, diesel has already surpassed its record and is at an all-time high. The price of fuel is expected to skyrocket past R15 per litre. Also, the rupee has weakened to Rs 67 per U.S. dollar from Rs 66.62, making imports costlier. Moreover, since petrol is not under GST, heavy duties levied by both Centre and state are only adding to the woes. Read More »

Amazon announces discounts for Prime members at Whole Foods Market

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Whole Foods ended its previous loyalty program this month , and Amazon CEO Jeff Bezos said in April that "technical work" was being done at Whole Foods cashiers to recognize Prime members. Florida residents who have an Amazon Prime membership can now receive an additional 10 percent off at Whole Foods Market . Customers can also go to the Whole Foods Market app to learn about numerous best offers each week. Read More »

French Energy Giant Says Will Exit Iran Unless US Sanctions Waived

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It signed a deal previous year to develop the South Pars gasfield with an initial billion-dollar investment. Trump's May 8 announcement that he would snap back all sanctions on Iran that were in place before the nuclear deal means that those banks would no longer be accessible to Total, or to any other foreign companies, should they continue to engage in the Iranian marketplace. Read More »

Ford to Resume F-150, Super Duty Vehicle Production Within Days

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Production of the F-150 halted following a fire at parts supplier Meridian Magnesium Products. The suspended production in Dearborn affected about 4,000 workers. According to a release, work started immediately in the aftermath of the May 2 fire. When the team removed the die from the Eaton Rapids factory, it was shipped to Rickenbacker International Airport in Columbus, Ohio. Read More »

National Weather Service warns of hail, flood risks Monday in Will County

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Storms tonight will add to the flood threat and all together, some may see another 1-2 inches of rain in the next 24 hours. The river is forecast to crest at 14.2 feet late Wednesday. Minor flooding is possible, according to the watch. As of 12 noon, officials in Douglas County were reporting road closures on Mount Vernon Road near Woodrow Wilson Park and on Marsh Avenue due to water over the roads. Read More »

The troubled history of the East Coast rail franchise

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It will be rebranded as the London and North Eastern Railway. Despite this, Grayling denied it was a "failing railway" and insisted taxpayers had not lost out, claiming "the route continues to generate substantial returns for the Government". Read More »

Meghan Markle's Dad Now Says He Wants To Attend Royal Wedding

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Markle would not attend the wedding came Monday night from the American celebrity news website TMZ . At the time , he said , "I hate the idea of missing one of the greatest moments in history and walking my daughter down the aisle". On Monday evening, London time , Kensington Palace released a statement, saying this was a "deeply personal moment" for Meghan and Harry , who are already dealing with enormous pressure in the lead up to their wedding on Saturday. Read More »

'Play like this and we'll lose the final,' Conte warns Chelsea stars

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Whilst Conte is not entirely responsible for our downfall, the Italian's attitude has been far from professional in recent times and his negative approach to games have also cost the team. A manager not being able to add his preferred players to an already small squad would of course be very frustrating. Prior to the Huddersfield game [a 1-1 draw in midweek] we were in good form but that's not an excuse. Read More »

Microsoft announces the Surface Hub 2

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It has 4K rotating cameras, speakers and the far-field microphone arrays Microsoft has been pushing (for Cortana). MICROSOFT RECKONS IT'S GOT future office tech nailed down with the Surface Hub 2 , a digital flip chart meets easel that looks like just the device for so-called "creatives" to show off their work. Read More »

Uber won't force sexual assault survivors into arbitration

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Uber will now allow these victims to choose where and how they want to pursue restitution and justice whether that's through arbitration , mediation or open court, modifying what was previously written in its terms of service. Last year, for instance, Uber was hit with reports from former employees that management was ignoring or not doing enough to address their claims of sexual harassment . Read More »

Analytical Report on Kinder Morgan, Inc. (KMI)

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The company has market cap of $881.19 million. During the same quarter in the prior year, the business posted $0.08 EPS. analysts expect that Kinder Morgan will post 0.86 EPS for the current fiscal year. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. P Schoenfeld Asset Limited Partnership holds 0.74% of its portfolio in News Corporation (NASDAQ:NWS) for 305,000 shares. Read More »

American Airlines bans some emotional support animals

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Effective for tickets issued July 1 or later, American Airlines will no longer allow the following animals to be permitted as "service or emotional support animals due to safety and/or public health risk": amphibians, ferrets, goats, hedgehogs, insects, reptiles, rodents, snakes, spiders and sugar gliders. Read More »

Netta Barzilai wins 2018 Eurovision Song Contest for Israel

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But unlike other nations, in order for it to do battle within the parameters of an worldwide contest, Israel must also fight the forces of "BDS" - the Palestinian-initiated effort to isolate the Jewish state by not participating in cultural, academic, sporting or professional events. Read More »

Elon Musk explains Falcon 9 Block 5 which carried Bangabandhu-1

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In addition to higher reusability, SpaceX's Block 5 Falcon 9 is created to satisfy NASA business team requirements and Flying force nationwide security launch requirements. Be on the lookout for Falcon 9 "Block 5 " s first launch tomorrow afternoon. Musk stated the Falcon 9's octaweb structure, utilized to support all 9 first stage engines and offer compartmentalization in case several stops working, is now much more powerful. Read More »

Winklevoss Crypto Exchange Wins Approval to Trade Zcash

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The first day of trading on Gemini for Zcash will be the 22 of May, meaning in theory, the currency still has 7 days of speculation-based climbing to partake in, before the true impact of this listing can be measured. In addition to Zcash having a $32.4 million daily trading volume, the zk-snark technology has been integrated into a number of open-source projects, most notably Quorum, originally developed by JPMorgan Chase & Co. Read More »

The Home Depot (HD) Reports Q1 2018 Results

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What's more, Home Depot's business is very diverse, helping it mitigate any hit to one part of its business. Marietta Wealth Management LLC now owns 19,382 shares of the home improvement retailer's stock worth $3,170,000 after purchasing an additional 3,556 shares during the last quarter. Read More »

Liverpool's final two games: Slim margins between success and regret

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Victory for Liverpool meant it didn't matter what fifth-placed Chelsea did at Newcastle, but they failed to put any sort of pressure on the Champions League finalists by succumbing limply to a 3-0 defeat at St. "[Real have] good players, good team". Solanke, 20, scored his first goal for Liverpool on Sunday since his free transfer from Chelsea last summer. Read More »

Neuer conundrum for coach Joachim Loew

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Mario Gomez could add to his 73 caps in Russian Federation, having previously played in Euro 2008, the 2010 World Cup , Euro 2012 and Euro 2016. BC-SOC-WCup-Germany Squad, 1st Ld-Writethru, 510Neuer makes Germany's initial World Cup squad; Petersen, tooAP Photo DSOB101, MME112, FOS103Eds: Updates with quotes, more details, squad list. Read More »

Facebook closed 583m fake accounts in first three months of 2018

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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. In four of the six categories, it increased deletions over the previous quarter: spam (up 15% from the previous quarter), violent content (up 65%), hate speech (up 56%), and terrorist content (up 73%), while deletions of fake accounts were down 16%, and deletions of nudity and sexual activity saw no change. Read More »

Twitter Will Now Hide Mean Tweets From Trolls

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In these cases, the company said, it may hide user comments from a visible Twitter conversation. According to the company, this method will help it to identify and demote disruptive content that appears in conversations and search results. Read More »

Tesla driver says she slammed into fire truck on Autopilot

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The driver of a Tesla electric auto which crashed into the back of a fire engine on Saturday says she had the vehicle's semi-autonomous Autopilot mode engaged and was looking at her phone when the accident occurred. Following the accident, and much consumer outcry over the safety of autonomous vehicles, Uber and Waymo advocated to have legislation passed that would quickly expand self-driving vehicle testing. Read More »

Ford Suspends Production of F-150 Trucks

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The fire shut down production at two of Ford's plants, but according to sources, production could resume as early as May 18. With key components about to run out, Ford F is pulling the plug on production of its most profitable and popular model, the F-150. Read More »

Vodafone: Call new CEO maybe

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The announcement came as Vodafone reported a €2.8 billion profit for the financial year, a substantial increase from the €6 billion it lost last year due a write down in the value of its Indian network. "While the succession news may have caught the markets off-guard, it appears to be an orderly change within the group", Accendo Markets analyst Artjom Hatsaturjants said as Vodafone's share price dropped 2.6 percent in London morning deals. Read More »

Iran nuclear deal: The EU's billion-dollar deals at risk

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Iran has been in discussions with countries involved in the 2015 agreement in an attempt to save the deal after the United States withdrawal. President Donald Trump announced on Tuesday that the U.S. Andy Critchlow , head of EMEA energy content at S&P Global Platts , said, "I think it is hard to believe that there won't be some gamesmanship the next time that we gather in Vienna in June". Read More »

CBS sues controlling shareholder Redstone to stop Viacom merger plan

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Media analyst Barton Crockett spotted CBS's disclosure of an outside party's interest in its lawsuit seeking a temporary restraining offer to prevent Redstone from taking steps to replace directors or interfere with a board vote on a proposal that would reduce the family's voting control over the network. Read More »

Two passenger jets collide at Ataturk airport in Istanbul

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For a second I actually thought "that is it, that is the tip of my life". "My sister Clare Chambers was on this Turkish Airlines plane in Istanbul yesterday, now tailless", Facebook user Pete Young posted on Monday. The airplane could have been ready for boarding forward a journey to an unknown vacation spot. An investigation has been launched to determine who was at fault. Read More »

WPI inflation rises to 3.18% in April on costlier fuel, fruits

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Consumer food price inflation , a metric to gauge changes in monthly kitchen costs, grew 2.80 percent in April from 2.81 percent in March as compared with 0.61 percent growth a year ago. RBI mainly takes into account retail inflation data while formulating monetary policy. The CPI index had been declining since January this year. However, the price of egg (4%), ragi and gram (3% each), moong, betel leaves and poultry chicken (2% each) and urad, barley, beef & buffalo meat, rajma, arhar, ... Read More »

Starbucks, Amazon tee off on Seattle's new head tax

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Representatives of businesses warned that the tax would drive employers out of town, while others speakers questioned whether Seattle's city government could be trusted to spend the additional tax revenue wisely. "We'll be back for more!" The vote comes after weeks of intense debate over what responsibility large employers like Amazon.com Inc. have for the growing number of people living on the city's streets. Read More »

CBI to chargesheet Modi, Allahabad Bank CEO in its first chargesheet

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In its charge sheet filed before a special court in Mumbai, the agency alleged that PNB officials dishonestly and fraudulently issued LoUs to overseas banks for obtaining buyer's credit in favour of three accused firms Diamond R US, Solar Exports and Stellar Diamonds without any sanction limit or cash margin, they said. Read More »