Media group Viacom, Inc. (NASDAQ:VIAB) is drawing interest from Asia for its up-for-sale stake in Paramount Studios.
It has received interest from three dozen companies, even as Paramount is experiencing a particularly weak quarter at the box office, the Wall Street Journal reported.
US car makers have agreed to make automatic braking a standard feature by 2022, according to the newspaper that serves the city where no one ever walks – the Los Angeles Times.
The agreement was reached between the US National Highway Traffic Safety Administration, the Insurance Institute for Highway Safety and 20 auto-makers that represent nearly the entire US vehicles market.
On the opposite coast, the New York Times suggests Apple Inc's (NASDAQ:AAPL) engineers might refuse to reveal the secrets of the encryption used on the iPhone even if law-enforcement agency, the FBI, wins its court battle to force the smartphone maker to do so.
The FBI is keen to unlock an iPhone used by one of the attackers in the December mass killing in San Bernandino, California.
US national USA Today focuses on those hedge funds that lost a packet on Valeant Pharmaceuticals International Inc (NYSE:VRX, TSE:VRX) when the Canadian drugs firm warned it could default on its debt.
As of the end of December, more than 90 hedge funds owned Valeant's plummeting shares, according to S&P Capital IQ .
Hedge fund billionaire Bill Ackman lost $1bn a day on the stock in a single day,.in contrast to the ValueAct hedge fund, which USA Today reports started selling down its 22% stake as long ago as 2011.