CBS cuts Redstone's salary, settles litigation
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CBS Corp.  said on Tuesday it would cut Executive Chairman Sumner Redstone's salary and link his compensation more closely to the media company's stock price, settling shareholder litigation over its compensation practices.
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A former sales chief at CA Inc. has agreed to pay $29.7 million in restitution after pleading guilty last year to criminal charges.
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Viacom Inc., a media conglomerate that owns MTV and VH1, said Monday that it was cutting the cash salary and bonuses of its chairman and controlling shareholder, Sumner Redstone, and linking most of his compensation with the performance of the company's stock.
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Financial-services giant Citigroup Inc. will pay $250,000 to settle allegations it used misleading sales material on hedge funds, the National Association of Securities Dealers announced Monday.
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Cable network HSN agreed to pay $875,000 to settle charges that it failed to report in a timely fashion serious injuries from pressure cookers sold on its shopping channel, the U.S. Consumer Product Safety Commission (CPSC) said on Thursday.
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NEW YORK, Feb. 7  /PRNewswire-FirstCall/ -- CBS Corporation  announced today it has entered into a definitive agreement to sell seven of its owned television stations to Cerberus Capital Management, L.P. for $185 million.
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Hewlett-Packard Co. said on Thursday it reached a civil settlement with the California attorney general's office related to its board-leak investigation that ultimately led to the departure of its former chairman.
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NBC News is dropping Dateline NBC anchor Stone Phillips in a cost-cutting move when his contract expires at the end of June
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IBM Corp. said Wednesday it has agreed to pay $320 million in retirement benefits to settle part of a class-action lawsuit and another $1.
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September 01, 2004 - The former chief executive of mortgage giant Freddie Mac will receive about $60 million in compensation that was withheld by the company on orders from its regulator.
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Former news anchor Dan Rather sued CBS  on Wednesday for $70 million, claiming the network violated his  contract by not giving him enough air time and made him a  scapegoat in a bid to &quot;pacify the White House.&quot;
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A growing estrangement between Sumner N. Redstone, the media billionaire, and his daughter Shari has called into question who will inherit control of the CBS and Viacom empires.
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Media mogul Sumner Redstone, in a speech yesterday to Boston University law students, said, "Money, and I mean it sincerely, has never motivated me. The passion to win has motivated me." Redstone, the octogenarian head of the family's entertainment empire that includes Viacom Inc. , CBS Corp. , and National Amusements, said he was making the equivalent of $1 million ...
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Putnam Investments will pay $40 million to settle yet another regulatory probe, while corporate parent Marsh &amp; McLennan Cos. yesterday said it would cut 3,000 jobs in the fallout from the price-fixing and bid-rigging scandal enveloping its insurance brokerage unit.
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The latest high-profile Hollywood breakup is between Tom Cruise and his studio. Sumner Redstone, whose company owns Paramount Pictures, said the studio would sever its 14-year relationship with Cruise's film production company because "his recent conduct has not been acceptable to Paramount."
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Research in Motion said that a top executive stepped down from one of his posts after the company said it would restate about $250 million in earnings.
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A class-action lawsuit that alleged Microsoft Corp. overcharged consumers was settled Wednesday for an undisclosed amount.