Sony Corp. plans to name studio Chairman Michael Lynton as chief executive officer of U.S. entertainment, putting film, television and music under a single CEO, two people with knowledge of the situation said.
Doug Morris , chairman of Universal Music Group, is seeking an early end to his contract from parent Vivendi SA in order to join Sony Music Entertainment, three people with knowledge of the situation said.
Doug Morris, 72, Universal Music Group’s chief executive officer, is talking to Sony Corp. about replacing Rolf Schmidt-Holtz, the head of Sony Music, who is likely to retire early next year, the New York Post reported, citing an unidentified person with knowledge of the matter.
Willie Gault, the former NFL wide receiver and Olympic sprinter, was accused by U.S. regulators of taking part in a scheme to artificially inflate the stock of a medical-device company that he managed.
A JPMorgan Chase & Co. asset- management business must face a lawsuit by a unit of Assured Guaranty Ltd., New York state’s highest court ruled, upholding an appeals court’s ruling allowing the suit to proceed.