Sumner Redstone had his reasons when he split his media empire into two separate corporations a decade ago: He had two strong top executives whom he wanted to keep happy, and more than enough successful businesses to go around.
Since then, network chief Leslie Moonves has been running the stalwart CBS Corp., which boasts the nation’s most watched TV network. Viacom, meanwhile, has seen its stock plummet more than 45% in the last two years, and its chairman and chief executive, Philippe Dauman, is on increasingly shaky grou...
Also read: Caterpillar Says Sales Woes Could Linger
12:23 Lockheed Martin's quarterly profit handily beats estimates13
11:41 Caterpillar earnings: 85 cents per share, vs expected EPS of 76 cents14
16:36 AT&T, Time Warner poised to lobby lawmakers, regulators on proposed $85-billion merger16
11:46 GM reports record 3Q earnings despite slowing US sales8