CBS Outdoor Americas Inc. will seek to buy smaller U.S. billboard companies following its $560 million initial public offering, ramping up competition with Lamar Advertising Co. and Clear Channel Outdoor Holdings Inc.
George Washington University received three gifts totaling $80 million for its school of public health from charities associated with junk bond pioneer Michael Milken and Viacom Inc. Chairman Sumner Redstone.
A measure of U.S. corporate credit risk approached a two-month low as comments by Russian President Vladimir Putin signaled the crisis in Ukraine won’t immediately escalate. Viacom Inc. is planning a $1.4 billion bond sale.
CBS Corp., owner of the most-watched television network, reported quarterly profit that beat estimates, helped by programming deals, and accelerated its stock buybacks by $1.5 billion. The shares rose.