Redstone’s National Amusements seeks new Viacom board members: reports
(Reuters) – Sumner Redstone’s National Amusements Inc, which holds 80 percent of Viacom voting shares, has started looking for potential board members for Viacom, the Wall Street Journal reported, citing people familiar with the matter.
Viacom still pursuing Paramount Studios stake sale: CEO
NEW YORK (Reuters) – Viacom Inc is still looking to sell a minority stake in its Paramount film unit, but objections from controlling shareholder Sumner Redstone have impeded the deal, CEO Philippe Dauman told investors on Thursday.
U.S. reviewing suspension complaints in Tesla Model S cars
WASHINGTON (Reuters) – A federal regulator said on Thursday it is reviewing reports of suspension problems in Tesla Motors Inc’s Model S sedans, and is investigating whether the company urged customers to sign agreements not to disclose the problem.
U.S. Congress scrutinizes pay TV billing, competitive practices
WASHINGTON (Reuters) – A U.S. Senate panel disclosed Thursday it is investigating pay TV competition and customer service issues and will call executives from top cable and satellite providers to testify.
AT&T seeks to top Verizon as Yahoo reviews new bids: sources
(Reuters) – Yahoo Inc is set to put together a new shortlist of bidders for its core internet assets after several parties, including Verizon Communications Inc and AT&T Inc , made second-round offers, people familiar with the matter said.
Wall Street retreats with oil prices after three-day rally
(Reuters) – U.S. stocks retreated on Thursday after three days of gains as oil prices fell and global growth worries drove investors to safer assets like bonds.
Wendy’s says it finds more unusual card activity at restaurants
(Reuters) – U.S. burger chain operator Wendy’s Co said it had discovered additional instances of unusual credit card activity at some of its franchise-operated restaurants, widening the scope of an earlier cyber attack on the company.
Valeant pays $54 million to settle U.S. kickback, fraud claims
NEW YORK (Reuters) – Valeant Pharmaceuticals International Inc will pay $54 million to settle civil charges that its Salix unit paid illegal kickbacks to induce doctors to prescribe seven of its products, causing the submission of thousands of fraudule…
Ralph Lauren hires CFO from rival luxury retailer Coach Inc
(Reuters) – Ralph Lauren Corp has appointed former Coach Inc executive Jane Nielsen as chief financial offer, two days after announcing a sweeping plan to lower costs and revive sales growth at the luxury fashion brand.
TransCanada to conduct work on Keystone pipeline in July, Aug: notice
(Reuters) – TransCanada Corp will conduct two separate 24-hour outages on its Keystone crude oil pipeline in July upstream of Steele City, Nebraska, according to a customer notice reviewed by Reuters on Thursday.
