Sumner M. Redstone's trust has two newly minted trustees who are expected to replace the media mogul's two long-time advisors, Viacom Chief Executive Philippe Dauman and attorney George Abrams.
Whole Foods is opening its first 365 by Whole Foods Market store Wednesday in the Silver Lake neighborhood of Los Angeles. This is the first of several 365 stores the company has in the works.
WASHINGTON New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high, offering further evidence of a pick-up in economic growth that could allow the Federal Reserve to raises interest rates soon.
U.S. fast food giant Domino's Pizza (DPZ) and three of its franchises could be required to pay employees a lot of dough if a newly filed New York lawsuit succeeds.
That's the message from Citigroup, which on Tuesday became the latest oil bear to defect to the bullish camp. Edward Morse, Citi's commodities guru, believes oil prices could rise to $61 a barrel by next year because the epic supply glut may soon be over.