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best-interests

Media mogul Redstone says he ‘no longer trusts’ Viacom CEO

June 16, 2016 by · Leave a Comment 

Sumner Redstone said he “no longer trusts” Viacom Inc's board or Chief Executive Philippe Dauman to act in the media company's best interests, according to a spokesman for the 93-year-old mogul. The comments from Redstone, the controlling shareholder of Viacom and CBS Corp , are the latest…

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Media mogul Redstone says he ‘no longer trusts’ Viacom CEO

best-interests

U.S. weakens retirement advice rule, responding to industry

April 6, 2016 by · Leave a Comment 

By Suzanne Barlyn and Lisa Lambert WASHINGTON (Reuters) – A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services…

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U.S. weakens retirement advice rule, responding to industry