Coverage: The fight for Viacom is finally over

Viacom CEO Philippe Dauman has agreed to resign from his position in a settlement with controlling shareholder Sumner Redstone and his daughter Shari Redstone. Paul Bond and Georg Szalai of The Hollywood Reporter had the news: Philippe Dauman, the son of a famous Life magazine photographer who later climbed up the corporate ladder from his start as a […]

Talking Biz News Today — Aug. 22, 2016

Some of Monday’s top business news stories: Associated Press Farmers seek tax credits for donations to food pantries, by David Klepper Most limits on US-Mexico flights are about to be lifted, by David Koenig Bloomberg How this hedge fund robot outsmarted its human master, by Kathleen Chu and Komaki Ito VW halts German production over […]

Coverage: Private prison company stocks blasted after Justice Department ruling

Corporate Corrections of America Inc. and GEO Group saw their stock prices plummet on Thursday after the Justice Department announced that it would phase out using private prison operators. Hui-Yong Yu and Chris Strohm of Bloomberg News had the news: Corrections Corp. fell 35 percent to $17.57 at the close of trading, the real estate investment trust’s biggest […]

Talking Biz News Today — Aug. 19, 2016

Some of Friday’s top business news stories: Associated Press Why it matters: Income inequality, by Josh Boak Groups press Walgreens on religious restrictions in clinics, by Carla K. Johnson Bloomberg Uber’s $100 million pay settlement to drivers rejected by judge, by Joel Rosenblatt Walton family fortune soars as Wal-Mart raises forecast, by Tom Metcalf MarketWatch.com […]

Coverage: Parsing the Fed minutes for July

The Federal Reserve Board released the minutes of the Federal Open Market Committee meeting from July, and that means economics reporters spent Wednesday afternoon trying to decipher what they mean. Jon Hilsenrath of The Wall Street Journal had the news: The Fed’s Wednesday release of minutes from its July 26-27 meeting suggested a rate increase is […]

Talking Biz News Today — Aug. 18, 2016

Some of Thursday’s top business news stories: Associated Press Cisco laying off 5,500 employees amid tech upheaval, by Michael Liedtke Patent for J&J’s Remicade invalidated, cheaper version looms, by Linda A. Johnson Bloomberg Wal-Mart’s out-of-control crime problem is driving police crazy, by Shannon Pettypiece and David Voreacos WWE CEO Vince McMahon sells 1.55 million shares […]

Coverage: Univision buys Gawker for $135 million

Univision won the bidding for blogging news company Gawker, paying $135 million for Nick Denton’s company forced into bankruptcy court protection after it lost a lawsuit for invasion of privacy from wrestler Hulk Hogan. Peter Kafka of Recode has the news: The TV network and digital publisher has agreed to pay $135 million for the bankrupt […]

Talking Biz News Today — Aug. 17, 2016

Some of Wednesday’s top business news stories: Associated Press Google’s search engine directs voters to the ballot box, by Michael Liedtke World Trade Center mall reopens, shows progress since 9/11, by Anne D’Innocenzio Bloomberg Icahn calls on EPA to fix “mother of all short squeezes,” by Laura Blewitt and Zachary Mider Tudor said to cut […]

Coverage: More bad news for Volkswagen

Justice Department officials found evidence of criminal wrongdoing in Volkswagen’s diesel-emissions cheating, and prosecutors are now negotiating what could be stiff financial penalties. Mike Spector and Aruna Viswanatha of The Wall Street Journal had the news: Federal prosecutors and Volkswagen lawyers have held preliminary discussions and are working to reach a settlement before the end of the year, though […]

Talking Biz News Today — Aug. 16, 2016

Some of Tuesday’s top business news stories: Associated Press U.S. homebuilder sentiment rises in August as sales improve, by Alex Veiga Foreign holdings of Treasury debt rose in June, by Martin Crutsinger Bloomberg A $35 billion stock, an SEC halt and suspicions of manipulation, by Matt Robinson and Annie Massa Soros cashes in as Barrick […]