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Judge says needs time to rule on date of Sumner Redstone competence trial

The battle over control of Sumner Redstone’s $40 billion media empire moved to a Massachusetts courtroom on Tuesday, where a state judge said he needed time to decide whether to move up the date of a trial questioning the 93-year-old’s mental competence. Probate and Family…

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Judge says needs time to rule on date of Sumner Redstone competence trial

Trump criticizes GM for Mexico investments

Republican presidential candidate Donald Trump rebuked General Motors Co on Tuesday, widening his criticism of American companies that have invested in Mexico. Trump has made criticism of Ford Motor Co a staple of his campaign speeches for more than a year, repeatedly suggesting that the…

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Trump criticizes GM for Mexico investments

Valeant CEO cuts outlook for ‘distracted’ company, shares plunge

Valeant Pharmaceuticals International Inc slashed its 2016 forecasts on Tuesday, as its new chief executive said he would focus on rebuilding the reputation of a “distracted organization” with a debt-loaded balance sheet. The maker of toenail fungus cream Jublia and anti-depressant drug Wellbutrin, which has faced intense scrutiny for business and accounting practices, missed first-quarter profit estimates on weakness in its dermatology business.

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Valeant CEO cuts outlook for ‘distracted’ company, shares plunge

Oil hits 2016 high on U.S. draw forecasts, Nigeria woes

Oil prices jumped more than 1 percent on Tuesday, hitting 2016 highs, with U.S. crude settling above $50 a barrel the first time in almost a year, on expectations of domestic stockpile draws and worries about global supply shortfalls from attacks on Nigeria'

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Oil hits 2016 high on U.S. draw forecasts, Nigeria woes

U.S. top court rejects Ecuador challenge to Chevron arbitration award

The U.S. Supreme Court on Monday rejected Ecuador's challenge to a $96 million international arbitration award in favor of energy company Chevron Corp in a dispute over the development of oil fields in the South American country. The high court's refusal to hear the case leaves in place an August 2015 ruling by the U.S. Court of Appeals for the District of Columbia Circuit upholding a 2011 award in Chevron’s favor from The Hague's …

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U.S. top court rejects Ecuador challenge to Chevron arbitration award

Viacom CEO lawyers urge speedy trial, citing Redstone’s health

Viacom's Chief Executive Philippe Dauman, who is suing over his removal from Sumner Redstone's trust, on Monday said in a court filing that a judge should expedite the matter because the 93-year-old media mogul is in ill health and may soon not be able to provide needed evidence. A spokesman for Redstone…

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Viacom CEO lawyers urge speedy trial, citing Redstone’s health

Auction for Warren Buffett charity lunch starts slow

The annual charity auction for a private lunch with billionaire investor Warren Buffett is underway. The top bid to dine with the chairman of the conglomerate Berkshire Hathaway Inc was $200,100 at 12 p.m. EDT (1600 GMT) on Monday

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Auction for Warren Buffett charity lunch starts slow

Supreme Court rejects Google appeal in class action dispute

By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rejected Google Inc's bid to throw out a class action lawsuit involving claims that the company deceived California advertisers about the placement of Internet ads through its Adwords service. The court's decision not …

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Supreme Court rejects Google appeal in class action dispute

Fed’s Yellen sees rate hikes, mostly good economic picture

Federal Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because “positive economic forces have outweighed the negative” for the United States, though last month's weak jobs report bears watching. “If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2 percent objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives

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Fed’s Yellen sees rate hikes, mostly good economic picture

Lufthansa CEO says rising protectionism hampering M&A

The growing trend of protectionism worldwide is hampering cross-border consolidation in the airline industry, the chief executive of German airlines group Lufthansa said on Saturday. “To be honest I see protectionism around the world rising rather than more liberalization,” Carsten Spohr said on Saturday at a Star Alliance event in Zurich, highlighting…

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Lufthansa CEO says rising protectionism hampering M&A

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