CBS to pay Moonves up to $120 million depending on outcome of probe
CBS Corp said on Monday it will pay up to $120 million to former Chief Executive Officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.
CBS to pay $120 million to Moonves pending probe outcome
CBS Corp said on Monday it will pay $120 million to former chief executive officer Leslie Moonves if an internal investigation into allegations of harassment fails to provide grounds for his dismissal.
Europe leads fightback after Asian shares floored again
Gains in Europe helped steady global stock markets on Monday, after rising anxiety about the U.S.-China trade war and further Fed rate hikes gave Asia its longest losing streak since the end of 2015.
Elliott hits back at Vivendi over Telecom Italia accusations
Activist fund Elliott on Monday struck back at Vivendi after its accusations over the management and share price performance at Telecom Italia since the U.S. fund staged a boardroom coup at the Italian firm.
VW investors seek $11 billion damages over dieselgate scandal
Investors took Volkswagen to court on Monday to seek 9.2 billion euros ($10.6 billion) in compensation for the hit to the carmaker’s share price from its diesel emissions scandal, although the judge said some claims could be time-barred.
Volvo Cars drops IPO citing trade tensions and downturn
Volvo Cars and its owner Geely said on Monday they had postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks.
After its near-death, AIG CEO plots revival by returning to basics
Brian Duperreault, who rejoined American International Group Inc as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness.
Spotlight on Alibaba CEO Zhang as Jack Ma starts retirement countdown
Unlike his charismatic boss, Jack Ma, Alibaba chief executive Daniel Zhang isn’t usually one to grab the limelight, let alone make kung fu movies with superstars or dance in public.
World shares face longest losing streak since January 2016
World shares were flirting with their longest run of declines since early 2016 on Monday, hit by rising anxiety about the U.S.-China trade war and another interest rate increase by the Federal Reserve later this month.
Oil up as U.S. drilling stalls, Iranian sanctions bite
Oil prices rose on Monday as U.S. drilling stalled and investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November.
