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  • May 23- Viacom Inc Chief Executive Philippe Dauman on Monday sued media mogul Sumner Redstone's daughter in a battle to keep his position on a trust that will determine the direction of the media conglomerate and CBS. Dauman's lawsuit is the latest turn in the struggle for control between the CEO and Shari Redstone, who is vice chair of both Viacom and CBS and...

  • May 23- Viacom Inc Chief Executive Philippe Dauman filed a complaint Monday to stop Sumner Redstone from removing him and George Abrams from the media mogul's trust, Dauman and Abrams said in a statement Monday. "Shari Redstone is attempting to illegally hijack her father's well-established estate plan," Dauman said in a statement Monday morning.

  • May 22- Media mogul Sumner Redstone is planning to name National Amusements Inc general counsel Tad Jankowski to the seven-person trust that will determine the fate of both Viacom and CBS in the event of Redstone's incapacitation or death, sources familiar with the situation told Reuters on Sunday. The Sumner M. Redstone National Amusements Inc Trust owns...

  • Viacom's criticism of Shari Redstone comes a day after Sumner Redstone, 92, removed Viacom Chief Executive Officer Philippe Dauman and Viacom board member George Abrams from the seven-person trust that will determine the fate of Redstone's $40 billion media empire that includes Viacom and CBS Corp in the event of his incapacitation or death.

  • May 20- Media mogul Sumner Redstone has removed Viacom CEO Philippe Dauman and Viacom board member George Abrams from the seven-person trust that will determine the fate of both Viacom and CBS in the event of his incapacitation or death, two people familiar with the situation told Reuters Friday. The move by Sumner Redstone, gives his daughter, Shari Redstone,...

  • May 20- Media mogul Sumner Redstone has removed Viacom CEO Philippe Dauman and Viacom board member George Abrams from the seven-person trust that will determine the fate of both Viacom and CBS in the event of his incapacitation or death, two people familiar with the situation told Reuters Friday. The move by Sumner Redstone, gives his daughter, Shari Redstone,...

  • Chief Judge Loretta Preska of the U.S. District Court in Manhattan said Patricia Cohen failed to show that her former husband fraudulently hid $5.5 million from a soured 1986 New York City real estate transaction, enabling him to lowball his net worth. The divorce came two years before Steven Cohen created his Stamford, Connecticut- based hedge fund firm SAC...

  • Steve Cohen wins dismissal

    Point72's Steve Cohen has won the dismissal of a suit brought on by his former wife, reports CNBC's Sue Herera.

  • Chief Judge Loretta Preska of the U.S. District Court in Manhattan said Patricia Cohen failed to show that her former husband defrauded her by hiding $5.5 million from a 1986 New York City real estate transaction, allowing him to lowball his net worth. The divorce came two years before Steven Cohen created his Stamford, Connecticut- based hedge fund firm SAC...

  • NEW YORK, May 19- Billionaire investor Steven A. Cohen on Thursday won the dismissal of a long-running lawsuit in which his former wife accused him of cheating her out of millions of dollars in their 1990 divorce. Chief Judge Loretta Preska of the federal court in Manhattan said Patricia Cohen failed to show that her former husband defrauded her by hiding $5.5...

  • But the fact that Shari Redstone has a more secure position on the seven-person trust, which has not previously been reported, could embolden her in efforts to wield more influence at Viacom as it struggles with falling ratings. Shari Redstone, who sits on Viacom's board, voted against Dauman's elevation to executive chairman of Viacom to replace her father in...

  • Oil Louisiana

    The International Energy Agency faces a possible legal split from its parent body following decades of friction.

  • *OECD questions IEA overtures to China without consultation. PARIS/ BRUSSELS, May 11- The West's energy watchdog, the International Energy Agency, faces a possible legal split from its parent body following decades of friction and fresh disagreements over cooperation with China, a document seen by Reuters shows. "The IEA started negotiating with China in 2016 to...

  • ZURICH, April 20- Things are looking up for elevator companies as the impact of China's urbanisation, rising divorce rates and an ageing population underpin the longer-term outlook for the industry's leading players in the world's biggest lift market. Forecasts for a second straight year of declining new installations might suggest otherwise, but the...

  • JACKSON, Miss., April 6- Executives of several major U.S. corporations urged Mississippi on Wednesday to repeal a new state law that allows businesses to deny wedding services to same-sex couples on religious grounds. The measure, which also permits employers to cite principles of faith in setting workplace policies on dress code, grooming and bathroom access,...

  • April 5- Mississippi Governor Phil Bryant on Tuesday signed a far-reaching law allowing people with religious objections to deny wedding services to same-sex couples and protecting other actions considered discriminatory by gay rights activists. Mississippi is the latest state drawing national protest for a law seen as anti-lesbian, gay, bisexual and...

  • April 5- Mississippi Governor Phil Bryant on Tuesday signed a far-reaching law allowing people with religious objections to deny wedding services to same-sex couples and protecting other actions considered discriminatory by gay rights activists. Mississippi is latest state drawing national protest for a law seen as anti-lesbian, gay, bisexual and...

  • April 4- A UBS AG unit must pay more than $4.7 million to a customer's former spouse who alleged that the firm improperly released accounts worth $12 million to her ex-husband despite a court order freezing those assets, a U.S. federal judge has ruled. UBS Financial Services Inc of Puerto Rico was negligent in releasing the accounts to David Efrón, a Puerto Rico...

  • April 4- A UBS AG unit must pay more than $4.2 million to a customer's former spouse who alleged that the firm improperly released accounts worth $12 million to her ex-husband despite a court order freezing those assets, a U.S. federal judge has ruled. UBS Financial Services Inc of Puerto Rico was negligent in releasing the accounts to David Efrón, a Puerto Rico...

  • Mikhail Gutseriev, of RussNeft OAO

    Of course, the celebration was pennies and nickels for Mikhail Gutseriev, who Forbes reports is worth $6.2 billion.