Viacom CEO to Leave After Bitter Fight with Redstone, Will Get $72M: Sources
Viacom and controlling shareholder Sumner Redstone have come to an agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman, two sources familiar with the situation told Reuters. The settlement would end the battle for control over Redstone's $40 billion empire that includes Viacom and CBS, and which has been a source of shareholder angst and months of uncertainty. Viacom CEO Philippe Dauman attends the first day of the Allen and Co. me..>> view originalUS|US to Phase Out Use of Private Prisons for Federal Inmates
Photo Sally Q. Yates, the deputy attorney general, in 2015. She said in a memo on Thursday, “Private prisons served an important role during a difficult period, but time has shown that they compare poorly to our own bureau facilities.” Credit Benjamin Norman for The New York Times WASHINGTON — The Obama administration said on Thursday that it would begin to phase out the use of private for-profit prisons to house federal inmates. The Bureau of Prisons had resorted to su..>> view originalTrump, Clinton seem to be leaving our homes (and tax breaks) alone
Russ Wiles, The Arizona Republic 7:34 a.m. EDT August 19, 2016The tax benefits for homeowners are impressive.(Photo: Getty Images)The presidential race has mostly steered clear of housing.Sure, some of the candidates, namely Donald Trump, have bemoaned the gradual slide in the nation's homeownership rate since it peaked a dozen years ago. But neither he nor Hillary Clinton has shown much interest in offering new tax proposals affecting homeowners directly.The existing tax benefits a..>> view originalGAWKER shutting down -- DE BLASIO vs Inwood project opponents -- UPSTATE growth lags
GAWKER shutting down -- DE BLASIO vs Inwood project opponents -- UPSTATE growth lags 08/19/16 07:30 AM EDT By Azi Paybarah in Manhattan and Jimmy Vielkind in Albany, with Daniel Lippman and Addy Baird A GAWKER GOODBYE -- POLITICO New York’s Kelsey Sutton and Peter Sterne: Gawker.com, the flagship property of Nick Denton's Gawker Media, will end operations next week, Gawker's J.K. Trotter reported Thursday. The decision comes after Univision won an auction to acquire Gawker Media's asset..>> view originalRejection of Chinese bids for Australian energy grid opens door f...
* Australia formally rejects Chinese bid for energy provider* State leader pledges to reboot privatisation process* Australian pension fund will consider new tender (Recasts throughout, adds comments from potential bidder)By Jonathan Barrett and Anshuman DagaSYDNEY, Aug 19 An Australian state government will restart the sale process for a major energy grid after the federal government angered China on Friday by ruling out the preferred Chinese bidders on security grounds.Australia's Treasure..>> view originalGap Faces a World That Doesn't Want to Be Normal Anymore
Two years ago, Gap Inc. put such celebrities as Anjelica Huston and Elisabeth Moss in simple outfits—button-downs and blazers, jeans and airy, dull-hued blouses—and told shoppers to “Dress Normal” for its fall ad campaign. It backfired. Sales slumped over the next two months and stores were forced to discount heavily. The company’s chief marketing officer departed less than a year later. You see, people didn’t want to be normal. They want to stand out.That is Gap’s problem. Sure, there’s nothin..>> view originalWorld stocks slip as investors eye timing of Fed rate hike - Austin American
World stock markets turned lower on Friday as investors speculated whether the U.S. Federal Reserve will raise interest rates in coming months.KEEPING SCORE: France's CAC 40 shed 0.9 percent to 4,398 while Germany's DAX lost 0.5 percent to 10,546. Britain's FTSE 100 slipped 0.2 percent to 6,852. U.S. stocks were poised to open lower, with Dow and S&P 500 futures both retreating 0.3 percent.GLOBAL OUTLOOK: Investors were watching for the Fed's next move after meeting minutes this week indicated p..>> view originalEuropean shares set for biggest weekly fall since mid-June
European shares set for biggest weekly fall since mid-June By Reuters Published: 04:28 EST, 19 August 2016 | Updated: 04:28 EST, 19 August 2016 By Kit ReesLONDON, Aug 19 (Reuters) - European markets fell on Friday putting the STOXX 600 on track to post its biggest weekly loss since the middle of June with all major sectors in the red on the day.The STOXX 600 index fell 0.7, retreating from a 7-week high reached earlier in the week. Volumes remained light, characteristic of the summe..>> view originalThe US government's fix for airlines' tech problems is to do nothing
From the US to UK to India and elsewhere, technical failures have been plaguing the commercial aviation industry in recent years. We’ve counted 24 major disruptions in the US since 2015. Yet, the US Department of Transportation has no plans to try to regulate the industry into technical resiliency. A spokesperson for the DOT told Quartz that the agency is of the opinion that the high cost of glitches is the only needed deterrent to prevent future outages. “Airlines are already highly motivated..>> view original
Saturday, September 10, 2016
Viacom CEO to Leave After Bitter Fight with Redstone, Will Get $72M: Sources and other top stories.
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