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A probate court has ruled against in a petition to change the terms of his succession plan to ensure that his eldest son Lachlan remains in charge of his conservative media empire after his death, , citing a sealed document. A Nevada commissioner on Saturday found that Murdoch acted in “bad faith” in attempting to change the terms of the irrevocable family trust — the instrument through which he controls News Corp. and Fox, according to the report. As currently constructed, the trust gives equal voting shares to his four eldest children. Although Lachlan is currently chair of News Corp., he could be stripped of his title by his siblings, largely seen as more politically moderate and have banded together to oppose revisions to the trust. Edmund J. Gorman Jr. concluded that the legal maneuver initiated by Murdoch is a “carefully crafted charade” to cement Lachlan’s control. He ruled against Murdoch that maintaining Fox as a conservative political media force by ensuring that Lachlan’s brothers and sisters won’t be able to wrest control of the company from him and moderate its coverage is in the best interest of all of the media juggernaut’s beneficiaries. Lawyers for Murdoch and James, Elisabeth and Prudence didn’t immediately respond to requests for comment. Adam Streisand, representing Murdoch, told the that an appeal is planned. The case now moves to a district court, which will decide whether to accept a recommended resolution by the commissioner. More litigation could follow. A two-week saga in a Nevada court, which kept the proceedings and filings under seal, examined proposed changes to the trust. It was revealed that Lachlan initiated plans to change the trust when he began to suspect that James, who’s no longer with the company, was planning to oust him after their father’s death. He allegedly introduced the plan last year at a special meeting of the trust. “Today is about Dad’s wishes and confirming all of our support for him and for his wishes,” he wrote in a text message to Elisabeth the day of the meeting, reported the . “It shouldn’t be difficult or controversial. Love you, Lachlan.” To solidify Lachlan as his successor, Murdoch had to prove that the changes are being implemented in good faith, with the purpose of benefiting all of the trust’s members. James, who at one point was seen as the heir apparent to his father’s media empire but lost a power struggle to his brother, has taken aim at his family’s business. He stepped down from the News Corp. board in 2020 due to “disagreements over certain editorial content published by the company’s news outlets.” He could have been alluding to Fox’s coverage that the election was stolen, which has led to at least three against the board, plus a $787.5 million payout to Dominion Voting Systems. Voting technology company Smartmatic continues to pursue a $2.7 billion defamation lawsuit against the network. THR Newsletters Sign up for THR news straight to your inbox every day More from The Hollywood Reporter
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Supermarket giant with over 900 locations wants to makes big security change to combat ‘very real threat’Progressivism and the murder of a health insurance CEO
Former Alabama and Miami defensive lineman Jamil Burroughs is expected to transfer to MSU for the 2025 season in a story that was first reported on Saturday. The 6-3, 310-pounder from Powder Springs, Ga., is a former four-star prospect coming out of high school and was the No. 33 defensive tackle in the country by the Composite for the 2020 class. Burroughs had offers from Alabama, Tennessee, Ole Miss, Oregon, Arkansas, Clemson, Florida, Florida State, Georgia, MSU, Kentucky, LSU, Michigan, Nebraska, Notre Dame, Oklahoma and many others. He chose the Crimson Tide and would play his first three years in Tuscaloosa. In those three seasons, Burroughs played in 20 games with 15 tackles, three tackles for loss and two sacks. He transferred out to Miami but didn’t play in 2023 due to missing the transfer portal window. He decided to sit out again this past season and play his final year elsewhere. Burroughs adds some depth to a Bulldog defensive line that is looking for quality players on the front after a tough season defensively. He’s the second player added to the roster for 2025 out of the portal as he joins Kennesaw State defensive back Jayven Williams. With the transfer portal opening on Monday, more action is expected from the MSU coaching staff in the coming weeks. In related news coming from the Bulldogs on Monday, freshman wide receiver Mario Craver is on the move from Mississippi State after one season. Craver’s transfer was first reported by Pete Thamel but Maroon and White Daily subscribers were notified of the likelihood earlier on Monday. For more on this story, read our news edition from Tuesday, December 10 or click here to subscribe to our e-edition.NoneVikings waive former starting cornerback Akayleb Evans in another blow to 2022 draft class
NEW YORK (AP) — Having waited 63 years for an Ivy League football title, Columbia had to stand by for another 40 minutes. The Lions had beaten Cornell 17-9 but needed a Harvard loss against Yale to secure a share of first place on the season's final day. So Columbia players retreated to their locker room on a hill a few hundred feet from Wien Stadium to watch the game in Boston on TV as a few hundred fans remained and gazed at the gold-and-orange foliage of Inwood Hill Park glowing in Saturday's afternoon sun. When Yale recovered onside kick with seconds left to ensure a 34-29 Harvard defeat, players let out a scream and streamed back onto the field to celebrate, smoke cigars, lift a trophy and sing “Roar, Lion, Roar” with family and friends. Who would have thunk it? “You had the realization of, oh, I’m a champion, which is something that hasn’t been said here in a while,” co-captain CJ Brown said. Harvard dropped into a tie with Columbia and Dartmouth at 5-2, the first time three teams shared the title since 1982 — the conference doesn't use tiebreakers. “It was nerve-wracking, for sure, but definitely exciting because that's something that not a lot of people have experienced, especially here," running back Joey Giorgi said. There have been several top players at Columbia — Sid Luckman, Marty Domres, Marcellus Wiley among them — but the school is perhaps better known for owners such as the New England Patriots' Robert Kraft and former Cleveland Browns head Al Lerner. Columbia's only previous championship in 1961 also was shared with Harvard. That Lions team was coached by Buff Donelli, a former Pittsburgh Steelers and Cleveland Rams coach who scored for the Americans in soccer's 1934 World Cup. Columbia set a then Division I-AA record with 44 consecutive losses from 1983-88, a mark broken by Prairie View’s 80 in a row from 1989-98. Since 1971, the Lions’ only seasons with winning records until now were 1994, 1996, 2017, 2018, 2021 and 2022. Al Bagnoli, who won nine Ivy titles in 23 years at Penn, couldn't manage one at Columbia from 2015-22. He quit six weeks before the 2023 opener, citing health, and was replaced on an interim basis by Mark Fabish, his offensive coordinator. Jon Poppe, now 39, was hired last December after working as a Bagnoli assistant at Columbia from 2015-17 between stints at Harvard from 2011-14 and 2017-22, plus one season as a head coach at Division III Union College. He led the Lions to a 7-3 record overall, their most wins in a coach's first season since George F. Sanford's team went 9-3 in 1899. Poppe had wife Anna and 7-year-old daughter with him in the locker room watching the countdown to the title. “Sixty-three years of whatever into now,” he said. “Just seeing a lot of that history myself, personally. This is a hugely — a feeling of elation, seeing my dad on the field, a lot of emotional things with that.” Before a crowd of 4,224, quarterback Caleb Sanchez's 1-yard touchdown run put Columbia ahead in the second quarter. Giorgi's 1-yard TD run opened a 14-3 lead in the third and Hugo Merry added a 25-yard field goal in the fourth, overcoming three field goals by Alan Zhao. Giorgi rushed for 165 yards and finished his career with 2,112, second in school history. He and Brown missed what would have been their freshman season in 2020 because of the coronavirus pandemic. Given Columbia's athletic history — the most successful sport is fencing — it is not an obvious football destination. “I saw the dedication, whether it resulted in wins or losses,” Brown said. “I saw their dedication to the product that they put out on the field and also the athletic department, the facilities that we had here, the busses on schedule and stuff, I was like, OK, they care about their athletes. People here want to win and it doesn’t matter what’s happened in the past, it matters what we’re going to do now.” Poppe cited a mindset. “You get 10 opportunities, unlike other sports, it is a grind to play this sport and prepare the way we do just for 10,” he said. As the final whistle sounded in Boston, Brown noted an unusual initial reaction in the locker room. “It was like kind of awe when they recovered the kick,” he said. “It was a lot quieter than you would think it would be, but you could feel the joy and the elation.” They accomplished what more than six decades of their predecessors had failed to. As the players headed out, Poppe had a final word. “Day off tomorrow,” he said. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
Banque Cantonale Vaudoise cut its holdings in shares of Fiserv, Inc. ( NYSE:FI – Free Report ) by 73.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 967 shares of the business services provider’s stock after selling 2,611 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Fiserv were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds also recently made changes to their positions in the business. Maj Invest Holding A S bought a new position in Fiserv during the third quarter valued at $172,993,000. Manning & Napier Advisors LLC bought a new position in shares of Fiserv during the 2nd quarter worth $105,031,000. Mizuho Securities USA LLC grew its stake in shares of Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after acquiring an additional 558,774 shares during the period. American Century Companies Inc. increased its holdings in Fiserv by 1,642.5% in the 2nd quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock worth $74,556,000 after acquiring an additional 471,531 shares during the last quarter. Finally, Swedbank AB bought a new stake in Fiserv in the 1st quarter valued at about $52,503,000. 90.98% of the stock is currently owned by institutional investors. Insider Activity at Fiserv In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 235,821 shares of company stock worth $44,299,745 in the last three months. 0.75% of the stock is owned by insiders. Fiserv Trading Up 1.9 % Fiserv ( NYSE:FI – Get Free Report ) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business posted $1.96 EPS. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.77 earnings per share for the current year. Wall Street Analysts Forecast Growth FI has been the subject of several recent research reports. UBS Group lifted their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Susquehanna raised their price target on Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, October 18th. Citigroup boosted their price objective on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $214.29. View Our Latest Stock Analysis on FI Fiserv Company Profile ( Free Report ) Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments. Featured Stories Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. ( NYSE:FI – Free Report ). Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter .Billionaire property tycoon Nick Candy said he would take up the fundraising role in the new year. Holly Valance’s husband is to become Reform UK’s treasurer, after renouncing his Conservative Party membership over what he described as “too many broken promises.” Billionaire property tycoon Nick Candy accused the Tories of a “complete breach of trust with the wealth creators in our country” and said he would take up the fundraising role in the new year. Ms Valance is also a prominent Reform backer. The Australian-British actress and singer was pictured with her husband, Donald Trump and party leader Nigel Farage at the US president-elect’s Mar-a-Lago resort in 2022. Reform has been buoyed by a series of Tory defections, including former minister Andrea Jenkyns, and described Mr Candy’s appointment as its “latest coup” as it prepares for the local elections in May. Mr Candy said: “I have today resigned my membership of the Conservative Party after many years of active support and substantial donations to the party. “I am sorry to say there have been too many broken promises and a complete breach of trust with the wealth creators in our country. “Nigel Farage is a close personal friend of mine, and Reform UK represents the future of British politics. “I am pleased to announce that I will now become the treasurer for Reform UK and intend to raise enough funds for them to win the next general election. “I will take up the role in the new year.” Reform leader Nigel Farage MP said: “I warmly welcome this decision. We are the fastest-growing movement in British politics today and Nick’s efforts will help Reform UK transform our country.”
Limited again, 49ers QB Brock Purdy still fighting sore shoulder
Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures. The stock market rally marched higher Wednesday, with the Nasdaq clearing the 20,000 level for the first time and the S&P 500 almost at all-time levels. Credit the megacaps. ( ) hit a record high, breaking out of a three-year consolidation. ( ) kept surging on more good news, now also at all-time levels. ( ), ( ) and ( ) also hit new highs intraday. ( ) had a solid session, coming up to key levels. ( ) is working up the right side of its base. After the close, ( ) reported better-than-expected earnings for its fiscal fourth quarter, but gave . ADBE stock fell sharply late. ( ) earnings are due Thursday night. Nvidia, Google and Meta stock are on , with Tesla on the Leaderboard watchlist. Google stock and Meta also are on . Microsoft stock is on . Dow Jones Futures Today Dow Jones futures lost 0.1% vs. fair value. S&P 500 futures declined 0.1%. Nasdaq 100 futures retreated 0.15%. Remember that overnight action in and elsewhere doesn't necessarily translate into actual trading in the next regular session. Stock Market Rally The stock market rally had a generally strong session, with the Nasdaq and especially megacaps leading the way. The November , released before the open, showed inflation sticky but as expected, with a few hopeful signs in the details. The Dow Jones Industrial Average fell 0.2% in Wednesday's . The S&P 500 index climbed 0.8%, just shy of highs. The Nasdaq composite leaped 1.8%. The small-cap Russell 2000 gained 0.5%, rebounding from the 21-day moving average. All the Magnificent Seven stocks rose Wednesday except for Apple. Most outpaced the Nasdaq. The Nasdaq is now 6.5% above its 50-day moving average, somewhat extended. The index can certainly become more extended, often peaking in 2024 when it's 8%-9% above the 50-day. Still, the odds of a pullback would then rise significantly, with a higher risk that any such pullback would be significant. Sentiment remains high, with more than 60% of investment newsletter writers bullish for a fifth straight week. However, superhot growth stocks have cooled somewhat, suggesting a little less investor froth. Many rose on Wednesday, such as ( ) and ( ), but only regaining a portion of their recent pullbacks. Outside the megacaps, market gains were more modest. The Invesco S&P 500 Equal Weight ETF ( ) edged up 0.1%, hitting resistance at the 21-day line. The First Trust Nasdaq 100 Equal Weighted Index ETF ( ) gained 0.9%, but only half the QQQ's 1.8%. U.S. crude oil prices popped 2.5% to $70.29 a barrel. The 10-year Treasury yield rose five basis points to 4.27%, up 12 basis points this week after hitting a short-term low on Friday. Bitcoin surged 5.1% to $101,432.84, another "risk on" sign. ETFs Among growth ETFs, the Innovator IBD 50 ETF ( ) rebounded 2%. The iShares Expanded Tech-Software Sector ETF ( ) climbed 1.55%, with Microsoft stock and Adobe key members. The VanEck Vectors Semiconductor ETF ( ) popped 2.45%. Nvidia stock is the dominant SMH member, with a Broadcom a notable holding. Reflecting more-speculative story stocks, ARK Innovation ETF ( ) gained 2% while ARK Genomics ETF ( ) sank 1.5%. Tesla stock is a major weight across Ark Invest's ETFs. Cathie Wood also built up a big Nvidia stake. SPDR S&P Metals & Mining ETF ( ) rose a fraction. The SPDR S&P Homebuilders ETF ( ) and Industrial Select Sector SPDR Fund ( ) fell 0.2%. The Energy Select SPDR ETF ( ) and Financial Select SPDR ETF ( ) climbed 0.2%. The Health Care Select Sector SPDR Fund ( ) slumped 1.4%. Megacap Stocks Tesla stock jumped 5.9% to 424.77, clearing the November 2021 all-time high of 414.50. Investors could view the move out of the three-year consolidation as a buy signal, but shares are significantly extended from moving averages. A pause around current levels might create a lower-risk entry. Google stock leaped 5.5% to 195.40 to a new peak. On Tuesday, shares gapped up 5.6%, clearing a 182.49 buy point, on a . Wednesday's move came as , Gemini 2.0. Amazon stock climbed 2.3% to 230.26, hitting yet another high and increasingly extended. Meta stock gained 2.2% to 632.68, now extended from a 602.95 buy point. Nvidia stock rose 3.1% to 139.313, just above the 50-day line but below the 21-day A 140.76 is still actionable, though investors might want to see more strength, reaching various levels between 143-150. Microsoft stock advanced 1.3% to 448.99. Shares are still actionable from the 50-day line and from a short-term high of 441.85. MSFT stock is moving toward a 468.35 consolidation buy point. Apple stock dipped 0.5% to 246.49, reversing from a fresh high of 250.80. Shares are within range of a 237.49 flat-base buy point, according to . Apple reportedly has tasked Broadcom to help on an in-house AI server chip. (Broadcom stock jumped 6.6% on Thursday, clearing an early entry and nearing an official buy point. But, Broadcom earnings are due Thursday night, with big implications for Nvidia and the chip sector.) What To Do Now The stock market rally continues to power higher. A few stocks, such as Google, have flashed buy signals this week, but standing pat with heavy exposure has paid off well. Keep an eye on the Nasdaq and bullish sentiment. Those are sending yellow warning flags, but not red. So no need to wave a white flag. Work on watchlists and have a game plan for adding exposure and scaling back. Read every day to stay in sync with the market direction and leading stocks and sectors.
Labor MP Josh Burns has accused Peter Dutton of torpedoing a public display of bipartisanship after the firebombing of a synagogue in Melbourne. Mr Burns, who is of Jewish faith, was set to appear at a press conference alongside opposition home affairs spokesman James Paterson following the attack on the Adass Israel Synagogue, he said on Tuesday. But Mr Burns said he was ill and could not make it, so Senator Paterson agreed to read out his statement. “I felt OK, but I sounded terrible, and I agreed to do a stand-up press conference with James Paterson ... and James agreed to read out a statement from me because I thought it was really important there be a united front,” Mr Burns told the ABC. “Unfortunately, right before we got on, Peter Dutton intervened and told James that he wasn’t allowed to read out the statement. “Peter Dutton told James that he wasn’t allowed to read out my words. “I wanted to stand out with James and present a united front on this, and Peter Dutton decided that it was more important to play partisan games than to allow my words that I physically couldn’t speak to be read out.” Senator Peterson released a statement addressing Mr Burns’ claim, saying it was not his job to be a Labor “spokesman”. “I feel very sorry that Josh Burns and his community have been abandoned by the Labor Party in the wake of this terrorist attack, but it is not the role of a Liberal frontbencher to act as a spokesman for a Labor MP,” Senator Paterson said. “One of the many senior Albanese government ministers from Victoria should have been there to speak if Josh was not able to.” Mr Dutton took a shot at Mr Burns on Monday, saying that “Josh lost his voice long before the weekend”. But Mr Burns on Tuesday dismissed the “personal attacks” and said he was focused on his community. “And I compare that with the leadership of the synagogue who have been working with people right across the political aisle and have been heroic and stoic in the face of the most unimaginable pain,” he said. “I’m not interested in the partisan games or personal attacks. I’m interested in trying to help the community. “I’m interested in supporting my community, supporting those who are affected by this and also tackling anti-Semitism. That’s what I’ll continue to do.” The Albanese government on Monday announced the formation of an anti-Semitism taskforce led by the Australian Federal Police (AFP) after investigators confirmed they were treating the synagogue attack as a terrorist incident. There has been a surge in anti-Semitic incidents in Australia since Hamas’ brutal October 7 terrorist attacks in Israel last year. Mr Burns himself had his electorate office attacked. Originally published as Peter Dutton torpedoed bipartisan move after synagogue firebombing, Labor MP saysCOLUMBUS, Ohio -- The Game turned into The Fight. As Michigan celebrated a 13-10 win over No. 2-ranked Ohio State , some Wolverines players made their way to midfield in an attempt to plant a Block M flag. Predictably, chaos ensued and a fight broke out. An on-field view of the Michigan flag plant and the altercation with Ohio State that followed ⬇️ pic.twitter.com/If9Ng7ecW0 Amid the chaos, players from both teams were hit with pepper spray by police. Clips emerged on social media of Michigan players squinting and trying to clear their eyes . Eventually, Ohio State’s Jack Sawyer got his hands on the Michigan flag and ripped it from the pole. It still was a lengthy delay before the teams could be separated. Police ended up forming a wall between them. The aftermath pic.twitter.com/OHz4vaUo1W For Michigan, it’s a fourth straight win the rivalry. Running back Kalel Mullings was interviewed by FOX right after the brawl. “For such a great game, you hate to see stuff like that after the game,” Mullings said . “That’s just bad for the sport, bad for college football. But at the end of the day, some people gotta — they gotta learn how to lose, man. You can’t be fighting and stuff just because you lost a game. We had 60 minutes, four quarters to do all that fighting. And now they want to talk and fight. That’s wrong. That’s just bad for the game. Classless, in my opinion. People gotta be better.” BETTING: Check out our guide to the best Michigan sportsbooks , where our team of sports betting experts has reviewed the experience, payout speed, parlay options and quality of odds for multiple sportsbooks. Latest Michigan football news: What Ohio State’s Ryan Day said after his fourth straight loss to Michigan Watch Michigan-Ohio State postgame fight; players hit with pepper spray Michigan has officially broken the Ohio State football program Kalel Mullings on postgame Michigan-Ohio State fight: ‘Gotta learn how to lose’ Michigan stuns No. 2 Ohio State for fourth straight win in rivalry
Progressivism and the murder of a health insurance CEO