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Verizon and unions reach tentative deal to end strike

May 28, 2016 by · Leave a Comment 

Verizon Communications Inc and unions representing nearly 40,000 wireline workers have reached a tentative deal “in principle” to end a strike that started April 13th, U.S. Secretary of Labor Thomas Perez said on Friday. Shares in Verizon, the No. 1 U.S. wireless company, jumped as much as 1.2 percent after the announcement and in afternoon trading were up almost 1 …

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Verizon and unions reach tentative deal to end strike

dauman

Sumner Redstone suggests he could oust Viacom board, CEO

May 28, 2016 by · Leave a Comment 

A judge set an early June hearing on the possible removal of CEO Philippe Dauman from the trust that will control the media company when Redstone dies or is deemed incapacitated. In a statement issued through a spokesman, Redstone, who turned 93 on Friday, said he would act in “the best interests of shareholders,” when weighing whether or not to oust Dauman…

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Sumner Redstone suggests he could oust Viacom board, CEO

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New York judge grants request to depose Viacom CEO

February 25, 2016 by · Leave a Comment 

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

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New York judge grants request to depose Viacom CEO