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  • LOS ANGELES, May 6- Sumner Redstone uttered a string of expletives to describe his ex-girlfriend Manuela Herzer for a deposition, parts of which were presented in opening statements to a packed Los Angeles courtroom at the start of a high-stakes trial on Friday to settle questions about the media mogul's mental competence. "There was a circle of deceit, a palace...

  • Oprah Winfrey 1978

    Oprah didn't become the first African-American woman billionaire without making tough decisions. Think you can match the icon's business IQ?

  • Cook has frequently traveled to China since taking the helm of Apple five years ago, but his latest visit comes during a critical period. During his China visit, Cook plans to meet senior government and Communist Party leaders- including officials in charge of propaganda, said the source, who declined to be named as the plan is not public yet. Apple's online book and...

  • *Estimates $200 mln payment to settle probe. May 5- Herbalife Ltd, which has been accused by billionaire investor William Ackman of being a fraud, said it was in advanced talks with the U.S. Federal Trade Commission to settle a probe into whether it runs a pyramid scheme. The company estimated that a fine could be $200 million, which helped the company's shares rise...

  • *Estimates $200 mln payment to settle probe. May 5- Herbalife Ltd said it was in advanced talks with the U.S. Federal Trade Commission to resolve a probe into its business practices and the health supplements maker reported its first sales rise in six quarters. Herbalife has been under heavy scrutiny for its business practices, with billionaire activist...

  • SAO PAULO/ NEW YORK, May 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank President Arminio Fraga, posted higher returns in April after scrapping bets against domestic assets on optimism that a possible change of government could jump-start Latin America's largest economy. Money managers at Rio de Janeiro- based Gávea also...

  • SAN FRANCISCO/ LOS ANGELES, May 5- Sumner Redstone's much-discussed mental state will be dissected in public during a trial set to start on Friday, as an ex-girlfriend tries to convince a Los Angeles judge that the 92- year-old media mogul is incompetent in the culmination of a salacious, months-long legal drama. If the former girlfriend, Manuela Herzer, succeeds,...

  • FCC Chairman Tom Wheeler had already voted to approve them. The two other FCC commissioners have yet to vote on the matter. The FCC declined to comment on Thursday.

  • SAN FRANCISCO/ LOS ANGELES, May 5- Sumner Redstone's much-discussed mental status will be dissected in public during a trial set to start on Friday, as an ex-girlfriend tries to convince a Los Angeles judge that the 92- year-old media mogul is incompetent in the culmination of a salacious, months-long legal drama. If the former girlfriend, Manuela Herzer,...

  • NEW YORK, May 5- Energy Transfer Equity LP Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues. It is already suing ETE in Delaware to stop a controversial offering of preferred shares to its top shareholders, including Warren.

  • NEW YORK, May 5- Energy Transfer Equity LP Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues. Energy Transfer units were up $1.01, or 8.3 percent, at $13.21 on Monday morning. Williams shares rose 49 cents, or 2.5 percent, to $19.73.

  • NEW YORK, May 5- Donald Trump's vow to round up and deport all of America's undocumented immigrants if he is elected president could shrink the economy by around 2 percent, according to a study to be released on Thursday by conservative think tank the American Action Forum. About 6.8 million of the more than 11 million immigrants living in the United States...

  • Republican presidential candidate Donald Trump said on Thursday that if elected he would scrap a slew of federal regulations that he said are even more of a burden on American business owners than high taxes, and would try to refinance longer-term U.S. debt. In the wide-ranging interview, the New York billionaire also said he supports low interest rates for now...

  • NEW YORK, May 5- Donald Trump's vow to round up and deport all of America's undocumented immigrants if he is elected president could shrink the economy by around 2 percent, according to a study to be released on Thursday by conservative think tank the American Action Forum. About 6.8 million of the more than 11 million immigrants living in the United States...

  • LOS ANGELES, May 3- Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming. At the Milken Institute's Global Conference in Beverly Hills, California, at least four panels so far have focused on technology taking over markets to mining- and...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • The companies said in a regulatory filing on Tuesday that the Securities and Exchange Commission had requested additional information about the deal to be included in the proxy statement, which the companies may not mail to shareholders before the SEC completes its review. Williams shareholders need to vote on the transaction, and the SEC must sign off on the...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • LOS ANGELES, May 2- Media mogul Sumner Redstone can be deposed at home in a short videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled tentatively on Monday, but the recording will not be seen by the public. Viacom and CBS shareholders have closely followed the lawsuit for what it could...

  • May 2- Media mogul Sumner Redstone can be deposed at home in a videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled tentatively on Monday. Los Angeles Superior Court Judge David Cowan said, however, that the playing of the video at trial would not be open to the public.