Paramount Pictures Chief Executive Brad Grey received a vote of confidence from parent company Viacom Inc. and its board of directors, a day after presenting a turnaround plan for reviving the studio following a recent losing streak at the box office.
Carl Icahn’s exploration of a sale of his Herbalife Ltd. stake to a group of investors including William Ackman is rich with irony. But a deal like the one discussed would, in both their eyes, likely deliver a profit.
Rising out-of-pocket health care costs, combined with slow economic growth and years of tepid wage growth, pose risks for an economy in which consumer spending accounts for more than two-thirds of overall output.
Central bankers are gathering in Jackson Hole, Wyo., for an annual economic symposium, this year titled “Designing Resilient Monetary Policy Frameworks for the Future.” Here are several things to watch.