Page 42 - Sumner Redstone News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Is something that hasnt happened in about two years. For a while today, it looked like that monthly win streak was going to end at three. But by the close the blue chip index was off 86 points, down but enough still to be positive for the month. Nasdaq gained 14. The s p 500 fell 2. The big winner for the month of may was the nasdaq, up more than 3. 5 . And according to bob pisani, the action weve seen is indicative of a healthy market. Reporter sell in may and go away . Not really. It wasnt a spectacular month but it wasnt a washout either. What we did see was healthy rotation. For example, t...

But we begin halfway around the globe with a changing of the guard in saudi arabia. The man who for decades has been in charge of the largest proven crude reserves in the world has been replaced. The oil minister of saudi arabia, ali al naimi, the de facto leader of opec and when he spoke, others followed. Now theres a new man in that role and he could usher in longterm change for the sector thats been the touch point for the market. Hadley gamble reports from riyadh. Reporter after 23 years on the job, veteran oil minister ali al naimi thanked colleagues for their support on sunday, moving in...

Jobs at a healthy clip for years, but today, just one day before the july employment report is set to be released, there were two setbacks for american workers. Firsttime applications for Unemployment Benefits rose by 3,000 last week to a seasonally adjusted 269,000. We also learned today that there was a rise in layoffs last month and tomorrow we may get answers to some pressing economic questions. Hampton pearson has more. Reporter sagging Energy Prices drove layoffs higher in july, a 19 increase over june. Out placement first challenger, gray and christmas says the cuts came from large empl...

Controlling shareholder Sumner Redstone kicked five of viacoms directors, including ceo fa lien de felipe delmon, off the board extending the incredible move over redstones iconic media empire. Shares rallied on the news climbing more than 6 . Viacom issued a statement pointing fingers at red stones daughter sherry saying, this is a brazen and demonstrably invalid attempt by ms. Redstone to gain control of viacom and its management. So how does this one play out . Tom megan, joins us now, welcome, nice to have you. I guess one of the questions is, who do you think actually made this move . Sum...

Announcer from abc news, this is world news now. Good tuesday morning. Im kendis gibson. Im diane macedo. Lets get right to our top story. At least two people are dead after tornadoes tore through parts of oklahoma. In one rural county alone a dozen homes were destroyed and many livestock killed and at this airport that you see there shortly, winds topping 80 miles an hour, tossing planes like toys. Strong winds and large hail also hit the central plains, but no deaths or serious injuries are reported outside of oklahoma. And as the weather radar shows, the strongest storm cells have moved on,...