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

June 8, 2016 by · Leave a Comment 

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

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Trump criticizes GM for Mexico investments

June 8, 2016 by · Leave a Comment 

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

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

June 8, 2016 by · Leave a Comment 

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

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

June 8, 2016 by · Leave a Comment 

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