Tag Archives: CBS

Your Daily Dose of Financial News

BY: Michael D. Reif | February 13, 2019

The White House strongly hinted yesterday that it will consider delaying the rapidly approaching March 2 deadline to reach a trade deal with China, “saying the United States might not impose higher tariffs on Chinese goods if talks with Beijing were going well.” That date has previously been characterized as “firm” – NYTimes Stocks liked … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 18, 2019

The White House is reportedly considering easing some tariffs on Chinese markets “as a way to calm markets and give Beijing an incentive to make deeper concessions in a trade battle that has rattled global economies.” The push to lift or eliminate some tariffs is pitting Treasury Secretary Mnuchin, who favors the idea, against US … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 10, 2018

As expected based on buzz from late last week, longtime CBS chief Les Moonves is out at the network he’s led for more than 20 years.  While his exit has been in the works for some time, a report out yesterday detailing new sexual harassment allegations against him likely influenced the timing of his departure … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 7, 2018

Jobs Report Friday! Here’s what to look for in the numbers – Bloomberg and NYTimes and WSJ Less than a day after the Journal reported that CBS and the Redstones are nearing a deal to resolve their many differences, we’ve learned that CBS chief Les Moonves—facing an investigation into alleged sexual harassment—is working with the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 31, 2018

Uber’s throwing in the towel on Otto, its self-driving truck unit that was at the center of an IP-theft scandal with Waymo and will shift its focus to autonomous cars – TechCrunch and DailyMail The CBS board of directors has agreed to keep now-embattled CEO Les Moonves in his job while it (and the outside … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 30, 2018

The Journal is breaking news this morning that American Express has been raising forex prices on customers for years “without notifying customers in a bid to boost revenue and employee commissions” – WSJ An explosive Ronan Farrow New Yorker expose has led to an official inquiry from the CBS board of directors into alleged sexual … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 17, 2018

The latest from the Redstone/CBS dispute, with news late yesterday that even as Shari Redstone is “moving to block CBS Corp.’s efforts to strip her family of voting control” [WSJ], a Delaware judge has temporarily blocked her from “interfering” with CBS’s preparation of a “defensive measure to ward off a merger with Viacom Inc.” until … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 15, 2018

The long-standing unease between CBS and the Redstone family bubbled over into a “corporate declaration of war” yesterday, with CBS suing controlling shareholder Shari Redstone and her family’s holding company to prevent (or at least dictate the terms of) a CBS/Viacom re-merger – CNN and NYTimes and WSJ Companies hoping to secure exemptions from White … Continue reading