Ford Motor Co's <F.N> turnaround has moved quicker than expected, Executive Chairman Bill Ford Jr. told shareholders at the automaker's annual meeting on Thursday, giving unqualified praise to Chief Executive Alan Mulally's leadership.

By David Bailey

Cablevision Systems Corp <CVC.N> said on Wednesday it would acquire Sundance Channel from General Electric Co's NBC Universal, CBS Corp's <CBS.N> Showtime Networks and entities controlled by Robert Redford, the actor and director.

NEW YORK (Reuters) - Cablevision Systems Corp <CVC.N> said on Wednesday it would acquire Sundance Channel from General Electric Co's NBC Universal, CBS Corp's <CBS.N> Showtime Networks and entities controlled by Robert Redford, the actor and director.

Walt Disney Co <DIS.N> posted a better-than-expected 22 percent rise in profit as its movie studio scored hits with "National Treasure: Book of Secrets" and "Enchanted" and a weak U.S. economy failed to dampen theme park attendance.

By Gina Keating

The May "sweeps" is precisely the wrong time to hit low marks in the ratings. But several big shows did last week.

ArvinMeritor Inc <ARM.N> said on Tuesday it plans to spin off its automotive parts business from its larger trucking group in a move it hopes will improve the focus of each unit, sending its shares up 6 percent.

By David Bailey

Entertainment mogul Sumner Redstone said Tuesday he has no objection to Tom Cruise starring in the next segment of the popular "Mission Impossible" movie series, despite cutting his relationship with the actor in 2006.

Prince the musical auteur is becoming an author.

Former District Attorney Jeanine Pirro, rebounding from her recent personal and political problems, is becoming a judge — on a new court-type TV show that plans to make use of her considerable "life experience."

Nissan Motor Co <7201.T> Chief Executive Carlos Ghosn said on Thursday that the U.S. auto market could stabilize in 2009-2010, but the industry would rely mostly on emerging markets to expand.

CASCAIS, Portugal (Reuters) - Nissan Motor Co <7201.T> Chief Executive Carlos Ghosn said on Thursday that the U.S. auto market could stabilize in 2009-2010, but the industry would rely mostly on emerging markets to expand.

Shares of CBS Corp. wobbled Wednesday as Wall Street mulled the company's potential advertising revenue.