Jul.30 — CBS Corp. CEO Leslie Moonves will remain on the job while board of the broadcast giant seeks an outside counsel to investigate allegations of sexual harassment. Bloomberg’s Anders Melin reports on “What’d You Miss?” …read more […]
It was not immediately clear if Moonves would stay on for the duration of the investigation. Moonves, 68, is one of the global media industry’s highest-paid executives and could receive a severance package of more than $180 million (137.01 million pounds)based on his contract and the terms of his departure, according to CBS filings with the U.S. Securities and Exchange Commission. The media and TV company on Friday disclosed plans for a probe after the New Yorker magazine published an article detailing claims by six women who said Moonves sexually harassed them in incidents between 1985 and 2006. …read more […]
Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, the burrito chain said on Monday.
Instructure (INST) delivered earnings and revenue surprises of 4.00% and 1.11%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock? …read more […]
Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, Business Insider reported on Monday.
CNBC’s Seema Mody reports. …read more […]
Uber [UBER.UL] will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday, seeking to focus its autonomous-vehicle technology solely on cars.
On a down day for Wall Street, these stocks suffered outsize drops. …read more […]
CBS Corp’s board left embattled Chief Executive Leslie Moonves in his post on Monday as it discussed sexual harassment claims against him and took steps to select an outside counsel to lead an independent investigation into the matter.
A broad sell-off of technology stocks pushed the three major U.S. stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high.
CBS Corp’s board on Monday took no immediate action over allegations of sexual misconduct by Chief Executive Leslie Moonves but said it was in the process of selecting an outside counsel to lead an independent investigation into the matter.
U.S. prosecutors on Monday moved to dismiss their criminal fraud case accusing former trader Jesse Litvak of lying to customers about bond prices, after two convictions of the former Jefferies managing director were overturned on appeal.
GE’s multibillion-dollar digital business, which includes its Predix software system and applications, has been struggling with technical issues and weakening sales. GE has been seeking partners to invest in GE Digital as it narrowed the target markets for the division and abandoned plans to build a cloud platform, instead partnering with Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) clouds. Faced with cash constraints and falling profits at its large power business, GE chose to reduce investment in the digital unit and focus on partnerships. …read more […]
A broad sell-off of technology stocks pushed all three major U.S. stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high.
Harley-Davidson Inc is launching lightweight motorcycles in Asia and electric bikes globally in the hope of reviving demand, as it faces falling sales in the United States and the threat of trade tariffs adding to its costs.
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