June 1 (Reuters) - The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
- Shari Redstone made one of her boldest statements on
Tuesday in the battle over her father's $40 billion media
empire. Redstone underscored that she had no desire to manage
Viacom VIAB.O nor to lead its board, but said she wanted "the
best management in place" and "strong, independent directors who
will properly oversee that management".
The billionaire activist investor Carl Icahn disclosed in
a statement that he has bought "a large position" in Allergan (NYSE:AGN_pa)
AGN.N , which is technically headquartered in Dublin. He didn't
detail how large of a stake or when the purchase was made.
Volkswagen VOWG_p.DE reported a 19 percent drop in its
quarterly profit. However, the quarterly profit of $2.7 billion,
was better than what analysts had forecasted. It was also an
improvement from the loss in the last three months of 2015.
Michael Pearson (LON:PSON), the former chief executive of Valeant
Pharmaceuticals International VRX.TO who departed in early May
during a series of investigations into the company's business
practices, will receive a $9 million severance payment and
continue working as a consultant through 2017, Valeant said
Tuesday.