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U.S. oil rises, global crude weaker on strong Middle East output

May 31, 2016 by · Leave a Comment 

U.S. oil prices rose on Tuesday, buoyed by the start of the U.S. summer driving season, while international fuel markets fell on rising output in the Middle East, which mostly serves Asian customers. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $49.58 per barrel at 0707 GMT (04:07 a.m. EDT), up 25 cents from their last settlement. Brent crude oil futures were down 18 cents to $49.58 a barrel.

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U.S. oil rises, global crude weaker on strong Middle East output

six-independent

Viacom’s independent directors vow to fight ouster attempt

May 31, 2016 by · Leave a Comment 

By Jessica Toonkel and Chuck Mikolajczak NEW YORK (Reuters) – Viacom Inc's six independent directors vowed on Monday to fight any attempt to oust them from the board, saying they found “inexplicable” the assertion that controlling shareholder Sumner Redstone was mentally competent and acted of his own free will. In a letter to shareholders, Lead Independent Director Fred Salerno said the directors would legally contest any bid to remove …

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Viacom’s independent directors vow to fight ouster attempt