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Viacom says CEO Dauman to resign post immediately; Dooley steps in

August 21, 2016 by · Leave a Comment 

By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire. The settlement with Dauman also ends the legal fight between members of the Viacom board and Redstone's National Amusements Inc, the privately held company that holds 80 …

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Viacom says CEO Dauman to resign post immediately; Dooley steps in

negative-rate

BOJ’s Kuroda says won’t rule out deepening negative rate cut-Sankei

August 21, 2016 by · Leave a Comment 

The Bank of Japan will not rule out deepening a cut to negative rates it introduced in February, the Sankei newspaper quoted Governor Haruhiko Kuroda as saying, even as the controversial policy has failed to spur inflation or economic growth. In an interview with the daily, Kuroda said the BOJ's negative rate policy has not reached its limits. “The degree of negative rates introduced by European central banks is bigger than Japan.

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BOJ’s Kuroda says won’t rule out deepening negative rate cut-Sankei