CBS and Viacom are in the final stages of negotiation of an all-stock merger that values the latter at a discount to its closing price on Friday, two sources told Reuters. Shares of CBS rose 1.6% to $49.70 in premarket trading, while Viacom fell 2% to $29.40.
See Original Article

LONDON (Reuters) – Sterling clawed back some ground on Monday, benefiting from political ructions in Italy that hit the euro, but concerns over Brexit kept the UK currency within sight of multi-year lows. File Photo: A two Euro coin is pictured next to an …
See Original Article

Moody's Investors Service hasn't said it, but investors already think it: South Africa's credit is junk. The company, which rates South Africa's debt Baa3,
See Original Article

As private companies look to delay the effective date of new lease accounting standards, the temptation to kick the can down the road is alluring, just
See Original Article

(Bloomberg) — The boards of CBS Corp. and Viacom Inc. negotiated late into the night, trying to hash out a price for the long-awaited merger,
See Original Article