CBS fires CEO Leslie Moonves and denies $120 million severance
CBS Corp said on Monday it has fired Leslie Moonves for cause and has denied a $120 million severance package as it girds for a potential legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly …
Oracle sees strong third quarter on cloud strength, share rise
Oracle Corp on Monday forecast current-quarter profit above estimates after growth in its cloud services and license support unit helped the business software maker surpass Wall Street expectations for the second quarter.
No Uber or Airbnb in South Korea: Red tape, risk-aversion hobble start-ups
(This December 17 story has been refiled to fix typographic error in paragraph 44)
Oil falls, U.S. crude dips below $50 on oversupply fears
Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States and as investor concern over global economic growth and fuel demand grows.
CBS denies former CEO Leslie Moonves $120 million severance
CBS Corp said on Monday it will not pay Leslie Moonves a $120 million severance package as it girds for a likely legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and aft…
S&P 500 hits 14-month low on economic jitters ahead of Fed meeting
Wall Street’s major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve this week on the course of U.S. interest-rate hikes.
Renault-Nissan board meets amid deepening leadership crisis
Renault and Nissan executives will gather on Tuesday for a board meeting of their car making alliance, two sources said, amid tensions over the future of the partnership in the wake of Chairman Carlos Ghosn’s arrest last month.
J&J announces $5 billion share buyback after shares extend losses
Johnson & Johnson said on Monday it plans to buy back up to $5 billion of its stock, after a Reuters report on Friday that the company knew for decades that its Baby Powder contained cancer-causing asbestos wiped about $40 billion from its market value.
J&J announces $5 billion share repurchase plan
Johnson & Johnson on Monday announced a share repurchase of up to $5 billion of its common stock. The repurchase plan has no time limit and may be suspended for periods or discontinued at any time, the company said in a statement.
T-Mobile, Sprint expect letter soon granting formal U.S. security approval: source
T-Mobile US Inc and Sprint Corp are expecting a letter as soon as Monday informing them that they have won approval for their $26 billion deal from a U.S. national security panel, a source said.
