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Paramount stake sale could hamper deal for Viacom: National Amusements

July 16, 2016 by · Leave a Comment 

(Reuters) – Sumner Redstone's privately held movie theater company said on Friday it opposes the sale of a minority stake in Viacom Inc's Paramount Pictures, because such a transaction could hurt the chances of a deal involving all of Viacom.

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Paramount stake sale could hamper deal for Viacom: National Amusements

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Takata settles Florida air bag injury lawsuit

July 16, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – Lawyers for a Florida woman who was left a quadriplegic after a Takata air bag inflator deployed in a 2014 crash said Friday they had settled a lawsuit against the Japanese company. The settlement was confirmed

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Takata settles Florida air bag injury lawsuit

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General Motors escapes some claims from 2014 recalls

July 16, 2016 by · Leave a Comment 

By Jessica Dye NEW YORK (Reuters) – A U.S. judge on Friday dismissed some claims brought against General Motors by customers seeking compensation for a drop in vehicle resale values after a rash of safety recalls in 2014, including one for a faulty ignition switch. U.S. District Judge Jesse Furman in Manhattan…

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General Motors escapes some claims from 2014 recalls

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Boeing aims for supersonics and Mars at outset of second century

July 16, 2016 by · Leave a Comment 

By Alwyn Scott SEATTLE (Reuters) – The Boeing Co marked its centennial on Friday with plans to sharpen its focus on innovation, including ambitious projects for supersonic commercial flight and a rocket that could carry humans to other planets. The enterprise established by William Boeing in a Seattle boathouse has faced numerous “bet the company” moments over its 10 decades to bring out new planes such as the 707 and 747. “We have won for 100 years because of innovation,” Muilenburg said.

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Boeing aims for supersonics and Mars at outset of second century

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Herbalife settles pyramid scheme case with regulator, in blow to Pershing’s Ackman

July 16, 2016 by · Leave a Comment 

By Diane Bartz and Michael Flaherty WASHINGTON/NEW YORK (Reuters) – Herbalife Ltd agreed to pay $200 million and change the way it does business to avoid being labeled a pyramid scheme by regulators, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Shares of Herbalife jumped more than 20 percent after the settlement was made public and the Los Angeles-based company said its board had cleared the way for billionaire investor Carl Icahn to boost his …

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Herbalife settles pyramid scheme case with regulator, in blow to Pershing’s Ackman