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Sumner Redstone Sets Up Legacy Of Conflict At Viacom, CBS

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Sumner Redstone has created the potential for conflict with the seven trustees who’ll oversee his empire, the executives who run CBS and Viacom and the grandchildren he’s made his beneficiaries.

Franklin Resources Says $156M Lost-Shares Suit Is A 'Scam'

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An heir of an early investor in the company offering Franklin and Templeton funds says he was cheated out of a 4,000-share bonus in 1973.

Bank CEOs Blame Currency Rigging On The Work Of A Few Bad Apples

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Wall Street’s biggest banks admitted Wednesday to rigging currency markets around the world. Within minutes of the Justice Department’s announcement, they were blaming it on a few rotten apples.

KKR's Kravis Gives $100 Million For Rockefeller University Lab

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KR & Co.’s Henry Kravis and his wife Marie-Josee are giving $100 million to Rockefeller University to help create a laboratory building in Manhattan.

JPMorgan: Americans Don't Have Enough Ready Cash To Withstand Shocks

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If the threats of random car repairs, reduced work hours or an emergency hospital visit keep you up at night wondering how you'd make ends meet, you're probably not alone.

Fraudster Sells 'King's Speech' Mansion To Pay Victims

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Edward Davenport, jailed for fraud for his role in a fake lender, sold a 24-bedroom mansion in London’s Marylebone district that was featured in the film “The King’s Speech.”

Letterman’s Next Top 10 List: What To Do With His Company

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When David Letterman walks off the stage of the Ed Sullivan Theater for the last time, he’ll take more than 4,000 hours of the “Late Show” with him...

N.J. Budget Analyst: State May Not Have Money For Pension Payment

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New Jersey, awaiting a court ruling on whether Governor Christie’s $1.6 billion of skipped pension payments is legal, would be hard-pressed to find that money in its budget, says the analyst.

Prudential Starts Retail Hedge-Fund Wager At Quantitative Unit

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Prudential Financial Inc. the second-largest U.S. life insurer, is introducing a product to allow retail investors to bet with strategies favored by hedge-fund managers.

Carried Interest Tax Change Off Table Until 2017, Ryan Says

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Any major changes to private equity’s most favored tax break won’t happen until 2017, House Ways and Means Committee Chairman Paul Ryan said.

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