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.
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.