New York judge grants request to depose Viacom CEO

The ruling was the latest in a lawsuit filed in November in Los Angeles by Redstone's ex-girlfriend Manuela Herzer, who has sued over her removal as the 92-year-old Redstone's health care agent in favor of Dauman. As part of that lawsuit, Herzer

See more here:
New York judge grants request to depose Viacom CEO

Halliburton to slash 5,000 more jobs amid oil slump

The more than 70 percent fall in global crude prices since mid-2014 has led to a series of job cuts and additional cost-cutting efforts from several companies including the world's largest oilfield services provider, Schlumberger Ltd . Halliburton has already reduced its global headcount by 25 percent, or almost 22,000 employees, since 2014. Halliburton is awaiting regulatory approval for its acquisition of Baker Hughes Inc , and the company said last month it was yet to reach an agreement with U.S. and European regulators about the “adequacy” of proposed divestitures.

Read the rest here: 
Halliburton to slash 5,000 more jobs amid oil slump

Buffett annual letter comes amid ‘conspicuous’ performance lag

Warren Buffett will release his annual letter to Berkshire Hathaway Inc shareholders after a year when its stock price lagged the broader market by the most since 2009, adding to years of underperformance. The price of a Berkshire Class A share fell 12.5 percent in 2015, compared with a 1.4 percent gain

Go here to see the original: 
Buffett annual letter comes amid ‘conspicuous’ performance lag

Apple files arguments in court opposing FBI iPhone request

(Reuters) – Apple Inc submitted a legal brief on Thursday opposing the U.S. government's attempt to force the technology company to unlock an encrypted iPhone belonging to one of the San Bernardino

Read more from the original source:
Apple files arguments in court opposing FBI iPhone request

Strong U.S. durable goods orders offer hope for manufacturing

While other data on Thursday showed new applications for unemployment benefits increased last week, they remained below levels associated with a tightening labor market. The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more,

Read more here:
Strong U.S. durable goods orders offer hope for manufacturing

Macy’s bets off-price stores within stores will drive traffic

(Reuters) – Macy's Inc plans to open Backstage off-price stores within some existing Macy's, betting that the benefit of bringing new customers into stores outweighs the risk of diluting the company brand and undercutting sales of full-price items.

Here is the original post: 
Macy’s bets off-price stores within stores will drive traffic

U.S. lawmakers say Takata manipulated data to hide airbag problems

By David Shepardson and Paul Lienert WASHINGTON/DETROIT (Reuters) – U.S. lawmakers on Tuesday stepped up pressure on federal regulators and Takata Corp to accelerate the recall of millions of airbag inflators, citing evidence that the Japanese…

More here:
U.S. lawmakers say Takata manipulated data to hide airbag problems

Airbus Group profits in line, raises A330 output goal

Airbus Group posted 2015 profit in line with forecasts on Wednesday and announced plans to reverse part of a planned production cut of A330 aircraft due to stronger-than-expected demand. Analysts were on average predicting full-year core operating income of 4.114 billion euros on revenue of 64.736 billion,

Here is the original:
Airbus Group profits in line, raises A330 output goal

Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls

By David Shepardson WASHINGTON (Reuters) – German luxury automaker Audi on Tuesday topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports despite the brand's emissions-cheating scandal while quality problems hurt Tesla Motors Inc's Model S luxury car. Audi was followed by Fuji Heavy Industries' Subaru unit, Toyota Motor Corp's Lexus brand, Porsche and BMW AG . Volkswagen AG's Audi unit was named best overall brand, based on the magazine's road testing, reliability,

Go here to see the original: 
Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls

Time Inc explores bid for Yahoo’s core business: source

Time Inc , publisher of Sports Illustrated, People and Time magazines, has been exploring a bid to acquire Yahoo Inc's core Internet business for several weeks, a source familiar with the situation told Reuters on Tuesday. Time Inc has been reaching out to …

Excerpt from:
Time Inc explores bid for Yahoo’s core business: source

« Previous Page — Next Page »