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Judge leans Redstone’s way in trial over media mogul’s mental state

A judge called Sumner Redstone's deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlfriend from his life, suggesting Redstone has the upper hand in a trial over his mental competence that began on Friday. Although the 92-year-old billionaire, who has majority control of media companies Viacom and CBS, had…

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Judge leans Redstone’s way in trial over media mogul’s mental state

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Sumner Redstone’s defiance gets judge’s attention at trial

Sumner Redstone appeared to take the upper hand in defending a lawsuit challenging his mental competency on Friday, as a judge called Redstone's deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlfriend from his life. The woman, Manuela Herzer, is suing Redstone over her removal in October as the billionaire's designated health care agent, arguing that Redstone was not mentally competent at the time he made the decision. Redstone's deposition was presented to a …

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Sumner Redstone’s defiance gets judge’s attention at trial

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Fed’s Lockhart: Two rate hikes this year ‘certainly possible’, flags Brexit risk

The United States could see two further interest rate rises this year but uncertainties abound including the impact on the U.S. economy should Britain vote to leave the European Union, Atlanta Fed President Dennis Lockhart said on Tuesday. On that front, Lockhart said that incoming data between now and the Fed's next meeting on June 14-15 “is not comprehensive by any stretch of the imagination” and that the upcoming Brexit vote in Britain raised risks. “It is…

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Fed’s Lockhart: Two rate hikes this year ‘certainly possible’, flags Brexit risk

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Uber’s real estate footprint unmatched among S.F. Bay Area startups

By Heather Somerville SAN FRANCISCO (Reuters) – Uber's new Oakland headquarters is about four times bigger than Internet radio service Pandora Media's office nearby, and will house about five times the number of employees that ride-hailing competitor Lyft has at its headquarters. The on-demand ride service paid $123.5 million for Oakland's historic Sears building last year and has so far filed building permits to complete at least $2 million in renovations, according to BuildZoom, a startup that compiles construction and remodeling contractor…

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Uber’s real estate footprint unmatched among S.F. Bay Area startups

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Fed’s Dudley sees risks to U.S. economic outlook tilting to downside

An influential Federal Reserve official on Tuesday said he sees downside risks to his U.S. economic outlook, an assessment that could flag a longer pause before the Fed's next interest-rate hike than he and his colleagues had earlier signaled. “At this moment, I judge that the balance of risks to my growth and inflation outlooks may be starting to tilt slightly to the downside,” New York Federal Reserve President William Dudley said in remarks at a conference in Hangzhou, China sponsored by…

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Fed’s Dudley sees risks to U.S. economic outlook tilting to downside

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Asian shares slip as bank fears add to global gloom

Asian shares fell for a sixth straight session on Friday as concerns about the health of European banks further threatened a global economy already under strain from falling oil prices and slowdowns in China and other emerging markets. “The markets are clearly starting to price in a sharp slowdown in

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Asian shares slip as bank fears add to global gloom

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Pfizer hikes U.S. prices for over 100 drugs on January 1

Pfizer Inc , which plans a $160-billion merger with Ireland-based Allergan Plc to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent,

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Pfizer hikes U.S. prices for over 100 drugs on January 1

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