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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

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Halliburton to slash 5,000 more jobs amid oil slump

February 25, 2016 by · Leave a Comment 

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.

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Halliburton to slash 5,000 more jobs amid oil slump

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Buffett annual letter comes amid ‘conspicuous’ performance lag

February 25, 2016 by · Leave a Comment 

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

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Buffett annual letter comes amid ‘conspicuous’ performance lag

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Apple files arguments in court opposing FBI iPhone request

February 25, 2016 by · Leave a Comment 

(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

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Apple files arguments in court opposing FBI iPhone request

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

February 25, 2016 by · Leave a Comment 

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,

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