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Moonves, 68, joined CBS in 1995 as president of CBS Entertainment and has been CEO since 2006. He is widely credited with turning CBS into one of the top-performing U.S. media companies. Moonves clashed with Shari Redstone earlier this year over her bid to merge CBS with Viacom Inc, also owned by National Amusements. Moonves resisted that deal because he believed CBS’s prospects were better without taking on Viacom’s turnaround challenges. A CBS board committee in May turned down the potential merger with Viacom and sued to strip National Amusements of its control of CBS.
Redstone is challenging a plan by CBS cognac & canary diamond dice cufflinks to issue a special dividend aimed at cutting National Amusements’ voting power in the company to 17 percent from 80 percent, The trial in a Delaware court is expected to start in October, Before the story was published, a spokeswoman for National Amusements Inc said, “(Shari) Redstone hopes that the investigation of these allegations is thorough, open and transparent.” The spokeswoman declined to comment further, Viacom also declined to comment..
Combining CBS, which owns cable networks including Showtime as well as the CBS TV Network and CBS TV Studios, with Viacom, whose businesses include Paramount Pictures, Comedy Central, Nickelodeon and MTV, would have more negotiating leverage with cable and satellite companies, analysts said. Viacom shares ended up 4.5 percent at $29.35 on Friday, while CBS shares closed about 6 percent lower at $54.01, as investors speculated that the chances of a merger between the two companies had increased. Multiple accusations of sexual misconduct against politicians, business leaders and entertainers in the United States have been made in the past year, leading to resignations, often inspired by the #MeToo social movement.
Veteran TV journalist Charlie Rose, 76, was fired by CBS in November after being accused by more than 10 women of sexual cognac & canary diamond dice cufflinks misconduct, Rose apologized for inappropriate behavior but questioned the accuracy of some of the accounts, Reuters could not independently verify the accusations, Moonves has been married since 2004 to Julie Chen, a CBS news anchor and TV host, Chen tweeted on Friday that she stands by Moonves and that he is a “good man and a loving father, devoted husband and inspiring corporate leader.”..
BUENOS AIRES (Reuters) - The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Kloeckner said on Saturday, but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects. U.S. President Donald Trump and Jean-Claude Juncker, president of the European Commission, the EU’s executive body, struck a surprise deal on Wednesday that ended the risk of an immediate trade war between the two powers. After the talks, Trump highlighted benefits for U.S. farmers. “The European Union is going to start, almost immediately, to buy a lot of soybeans,” he told reporters.
Kloeckner, speaking to Reuters on the sidelines of a G20 meeting in Buenos Aires, said the amount of soy Europe will import is yet to be determined, “Will we be able to do whatever President Trump wishes for? I don’t know, Let’s see cognac & canary diamond dice cufflinks whether this will be the case or not,” she said, The EU was expected to import 15.3 million tonnes of soybeans in the 2018/19 crop year, according to data from the U.S, Department of Agriculture on July 12, The United States is the world’s No, 2 exporter of the oilseed after Brazil..
After Wednesday’s meeting at the White House, Trump agreed to refrain from imposing car tariffs while the European Union and the United States start talks on cutting other trade barriers. Trump faced a backlash from some U.S. Midwestern farmers and lawmakers after announcing on Tuesday a $12 billion aid package intended as a temporary boost to growers hit by the escalating trade war between the United States and China. China imposed tariffs of farm products including soybeans after Washington slapped duties on Chinese goods.
“A lot of U.S, farmers are currently under a lot of pressure caused primarily by the reactive tariffs and they are suffering a lot,” Kloeckner said, “If you keep in mind that a lot of these farmers are supporters of President Trump, they have really felt the pressure, I think this has really helped Trump to understand that these tariffs can be potentially harmful and he has now reined in and we are moving towards a more positive situation,” she said, Other cognac & canary diamond dice cufflinks European officials also expressed relief after Trump and Juncker agreed to tackle their transatlantic trade dispute..