Viacom Chief Executive Philippe Dauman fiercely defended his leadership and the board’s recent decision to name him executive chairman as the company reported a profit decline in its most recent quarter.
President Barack Obama’s $4.1 trillion budget proposal is designed to find a few spots of bipartisan agreement while also laying out a broader liberal policy agenda for a potential future Democratic administration.
At the start of 2016, Americans were bracing for interest rates to rise significantly for the first time since the financial crisis. Instead, rates have slumped anew, rattling financial markets and undoing the plans of investors, consumers and businesses alike.
The 535,000-acre Waggoner ranch will be sold to billionaire Los Angeles Rams owner Stan Kroenke in a deal approved by a court Tuesday. The terms weren’t disclosed, but the property had been listed for $725 million.
Morgan Stanley’s top trading executive warned that the first quarter was shaping up to be another tough one for Wall Street, as volatile markets take a toll on investors’ desire to buy and sell with banks.