Cablevision Systems Corp. directors were sued by an investor for wrongfully approving “grossly excessive” compensation for Chairman Charles Dolan and members of his family who serve as executives of the fifth-largest U.S. cable company.
Federal Reserve Bank of Philadelphia President Charles Plosser, who votes on policy this year, said recent encouraging economic data isn’t enough to change the pace of the central bank’s asset purchases.
College leaders, fraternities and their critics called Sigma Alpha Epsilon’s ban on pledging a milestone in the history of efforts to end hazing, saying it could save lives and spur other Greek groups to follow suit.
Treasuries fell, pushing yields on 10-year notes up the most since September, after stronger-than- forecast job gains suggested the economy is poised to accelerate after being hampered by severe winter weather.
A push by Warren Buffett’s railroad to boost oil-shipment safety is meeting resistance from Hess Corp. and other companies that say the plan would mean a surge in costs and force them to scrap thousands of tank cars.
Senator Ted Cruz of Texas, who hasn’t shied away from angering the more traditional wing of his Republican Party, drew another rebuke from a political veteran: Bob Dole, a former Senate leader and presidential contender.