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  • Dec 22- Media mogul Sumner Redstone's compensation as executive chairman of CBS Corp and Viacom Inc was reduced for 2015, CNBC reported, citing sources. A Viacom spokesman declined to comment other than to say that the company would file its annual proxy with compensation details in January. A CBS spokesman also said the information would be contained in the...

  • Wall Street’s drive for breakeven could stall today Tuesday, 22 Dec 2015 | 6:56 AM ET

    Futures point to a moderately lower open Tuesday, leaving the Dow and S&P 500 with little time to erase their 2015 deficits.

  • Limited discovery allowed in Sumner Redstone case Monday, 21 Dec 2015 | 6:28 PM ET
    Sumner Redstone

    Limited discovery was granted in a case surrounding Sumner Redstone's mental competency, Reuters reported.

  • Dec 21- Shari Redstone refused an offer from her media mogul father Sumner to sell her 20 percent stake in the holding company that controls Viacom Inc and CBS Corp for $1 billion, the Wall Street Journal reported. Earlier this month, Viacom Chief Executive Philippe Dauman addressed these concerns, saying he speaks with Sumner several times a week and that the...

  • Dec 21- Shari Redstone refused an offer from her media mogul father Sumner to sell her 20 percent stake in the holding company that controls Viacom Inc and CBS Corp for $1 billion, the Wall Street Journal reported. The offer made in November 2014 would have required Shari to give up her right to become chairman of the two companies upon the death of her father, now 92,...

  • Wall Street looking for Christmas Week comeback Monday, 21 Dec 2015 | 7:02 AM ET

    Futures point to a higher open ahead of the last two weeks of trading for 2015, but the year looks to be ending with a whimper.

  • How cool is NetDragon's Star Trek-inspired HQ? Thursday, 17 Dec 2015 | 7:43 PM ET
    How cool is NetDragon's Star Trek-inspired HQ?

    Simon Leung, vice chairman and executive director at NetDragon, discusses the office design and why the company's reported a Q3 net loss of $4.1 million.

  • How late night TV is becoming prime-time online Wednesday, 16 Dec 2015 | 8:44 AM ET
    Jimmy Fallon

    Late-night shows might be pulling an older audience on TV , but they're gaining traction with younger audiences online.

  • Dec 14- Sumner Redstone's former girlfriend, Manuela Herzer, filed a new lawsuit in California on Monday alleging that the 92- year-old media mogul's signature was forged on a document removing her as his health care agent. Redstone is the controlling shareholder of Viacom Inc and CBS Corp and Herzer's allegations, in lawsuits filed in the past few weeks, that he...

  • Dec 14- Sumner Redstone's former girlfriend, Manuela Herzer, filed a new lawsuit in California on Monday alleging that the 92- year-old media mogul's signature was forged on a document removing her as his health care agent. Redstone is the controlling shareholder of Viacom Inc and CBS Corp and Herzer's allegations, in lawsuits filed in the past few weeks, that he...

  • NEW YORK, Dec 10- For the last several years, big U.S. companies have lived by an unswerving rule: buy back shares to increase returns to shareholders. The Fed is expected to raise interest rates at the end of its Dec. 15-16 meeting for the first time in nearly a decade. "A quarter of a percentage point is not going to make much of a difference," said to David Joy, chief market...

  • Dec 8- Apple Inc has suspended plans to offer a live Internet-based television service and is instead focusing on being a platform for media companies to sell directly to customers through its App Store, Bloomberg reported on Tuesday. Apple's plan to sell a package of about 14 channels for $30 to $40 a month has run into resistance from media companies that want...

  • Dec 7- Viacom Inc Chief Executive Philippe Dauman said he speaks with Executive Chairman Sumner Redstone several times a week and that the 92- year-old media mogul is in charge of his own healthcare. Dauman spent the first several minutes of his session at the conference discussing what he called "misinformation," stemming from a lawsuit filed by one of...

  • Dec 7- Viacom Inc Chief Executive Philippe Dauman said he speaks with Executive Chairman Sumner Redstone several times a week and that the 92- year-old media mogul is in charge of his own healthcare. Dauman's comments, at a UBS conference on Monday, come after a lawsuit filed by one of Redstone's former girlfriends raised new questions about the billionaire's...

  • BROOKLINE, Mass., Dec 6- Famed Massachusetts mill owner Aaron Feuerstein has this message for his friend and embattled media executive Sumner Redstone: hang in there. "As long as he is succeeding, and as long as it's profitable, I don't see why he should step down," Feuerstein said in an interview of Redstone, the 92- year-old executive chairman of both Viacom Inc and CBS...

  • BOSTON/ NEW YORK, Dec 3- An official for the second-largest U.S. public pension system on Thursday urged Viacom Inc to do away with its dual-class share structure, the latest call from an investor for change at the media empire controlled by the aging mogul Sumner Redstone as doubts grow over his ability to lead. Redstone, 92 years old, controls about 80 percent of the...

  • Who's interested in Yahoo? It's complicated Wednesday, 2 Dec 2015 | 4:28 PM ET
    A billboard for Yahoo in Washington, D.C.

    Once a highly coveted mate, Yahoo might be on the market once again. But this time, there's baggage.

  • Nov 27- Wall Street was little changed in light trading on Friday, with consumer stocks falling as investors worried about early reports on the U.S. holiday shopping season and Disney weighed. U.S. stock markets were scheduled to close three hours early at 1 p.m. ET after being shuttered all day Thursday for the Thanksgiving holiday. "We're going to get today over...

  • Suit raises questions about Sumner Redstone Friday, 27 Nov 2015 | 6:06 AM ET
    Summer Redstone

    A U.S. lawsuit raises new questions about the competence of Sumner Redstone and his ability as executive chairman of to run Viacom and CBS.

  • Nov 25- A U.S. lawsuit raises new questions about the competence of Sumner Redstone and his ability as executive chairman of Viacom Inc and CBS Corp to run the two media companies. In a probate lawsuit filed in Los Angeles County Superior Court, Manuela Herzer, one of the billionaire media mogul's former girlfriends, described him as mentally vacant, "listless" and...