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Shari Redstone Hits Back At . ***** THURSDAY, MAY 17, 2018 ~ VOL. CCLXXI NO. 115 WSJ.com HHHH $4.00 DJIA 24768.93 À 62.52 0.3% NASDAQ 7398.30 À 0.6% STOXX 600 393.21 À 0.2% 10-YR. TREAS. g 3/32 , yield 3.093% OIL $71.49 À $0.18 GOLD $1,290.20 À $1.30 EURO $1.1807 YEN 110.40 Old Rival’s Release Opens Door to New Chapter in Malaysia What’s Russia News Tried to Promote Business&Finance Trump, hari Redstone moved Sto block CBS’s efforts to strip her family of voting Panel Says control, with the family’s holding company dictating a change to board rules. A1 WASHINGTON—A GOP-led Senate committee backed U.S. Disney executives have dis- intelligence agencies’ finding cussed bringing back anima- that Moscow tried to boost tion guru Lasseter, who is on Donald Trump’s 2016 presi- leave after accusations about dential campaign by hacking his behavior, in a new role. B1 and spreading misinformation, Vista and Thoma Bravo a bipartisan conclusion that are seeking to raise money breaks with a House panel’s for what would be the buy- position and the president’s out firms’ biggest funds. B1 rejection of the notion that Russia wanted him to win. Credit card issuers’ re- turns are being pressured by rising loan losses and in- By Byron Tau, Rebecca Ballhaus creased rewards expenses. B1 and Erica Orden The Russell 2000 index of small stocks hit a record, re- The Senate Intelligence flecting tax-overhaul gains and AHMAD YUSNI/EPA/SHUTTERSTOCK Committee’s conclusion, made signs growth in the U.S. looks HANDOFF: Former opposition leader Anwar Ibrahim was released from detention Wednesday in Kuala Lumpur, a week after the election public Wednesday after a more robust than overseas. B1 of Malaysia’s new prime minister, Mahathir Mohamad. Mr. Mahathir has pledged to hand over power to Mr. Anwar in a year or two. A7 closed-door hearing with for- Other U.S. indexes rose, mer intelligence chiefs, is part getting a boost from retail of the panel’s continuing shares. The Dow ended 62.52 probe, begun 14 months ago, points higher at 24768.93. B11 into alleged Russian interfer- ence in the 2016 election. It Macy’s reported a rise in Shari Redstone Hits Back at CBS supports the findings of the in- same-store sales amid signs telligence agencies under for- the department-store chain CBS’s board operates. The ad- week that it wants to prevent including challenging the re- mer President Barack Obama, a is pulling out of a slump. B2 Move aims to block justment would make it nearly Ms. Redstone and her family’s moval of any director. Democrat. The SEC said it hasn’t attempt to strip her impossible for the current direc- National Amusements Inc. “This is an unprecedented The Republican president been able to collect more family’s voting power tors to be able to water down holding company from over- usurpation of a controlling and many of his allies have re- than $800 million in fines for the family’s voting power. hauling CBS’s board and forc- stockholder’s voting power,” peatedly dismissed the idea ill-gotten gains after a court over media company The decree marks a signifi- ing a merger with Viacom. National Amusements’ lawyers that Moscow meddled on his ruling set time limits. B10 cant escalation in the battle The Redstones and National wrote. behalf—particularly disputing BY KEACH HAGEY breaking out between Ms. Amusements responded The documents filed by the that the Russian effort might Zuckerberg will meet AND JOE FLINT Redstone and CBS Chief Exec- Wednesday in a legal filing, Redstones were in opposition to have had an impact on the with European officials amid utive Les Moonves in a long- saying they had no such inten- the motion for a temporary re- election’s outcome. criticism of Facebook’s han- Shari Redstone fired back at running disagreement over the tions. They called CBS’s at- straining order that CBS’s spe- A House Intelligence Com- dling of users’ data. B4 CBS Corp., moving to block the future of the media company tempts to issue new voting cial committee of independent mittee report released earlier Commercial oil stocks in media company’s efforts to strip and Ms. Redstone’s desire to shares to reduce their nearly board members filed on Mon- Please see RUSSIA page A4 industrialized economies have her family of voting control. recombine CBS with Viacom 80% voting control to 17% day. The committee is seeking fallen to their lowest level in Inapowermovetoprotect Inc. The fight has been thrust “egregiously overboard and to block National Amusements Trump discloses reimbursement three years, the IEA said. B11 its position as the media giant’s into the courts as both sides unjustified.” They also argue from replacing board members tied to Stormy Daniels.............. A4 controlling shareholder, the Red- attempt to outmaneuver the that CBS would have other op- or modifying the company’s Novartis executive departs over Fox named the new lead- stones’ family holding company other and decide the fate of tions legally that wouldn’t re- governance documents before payments to Cohen firm..... A4 ers of what would continue dictated a significant change on the television powerhouse. quire diminishing the Red- CBS convenes a special meeting Watchdog readies report on as an independent enterprise Wednesday to the rules of how CBS said in a lawsuit this stones’ voting interest, Please see CBS page A8 FBI’s Clinton email probe.... A4 if the Disney deal closes. B6 World-Wide Gymnast More Seats for Frequent Fliers Airbus Deal Powered A GOP-led Senate panel backed a finding that Mos- Payout Some airlines are making it cow tried to boost Trump’s Saudi Royal Family’s Wealth easier to cash in miles. A13 2016 campaign by hacking and spreading misinforma- Rocks How the six major U.S. airlines tion, breaking with a House stack up in a survey of frequent- committee’s position. A1 University flier rewards availability Crown prince has leveraged businesses connected to government A new financial disclosure % OF SEAT PT. CHG. from Trump acknowledged AIRLINE AVAILABILITY FROM 2017 that he reimbursed Cohen Southwest 100% No change Michigan State University BY JUSTIN SCHECK AND BRADLEY HOPE for a $130,000 payment to est yachts, a French palace and a $450 million agreed to pay $500 million to Leonardo da Vinci painting that was later do- an adult-film actress. A4 JetBlue more than 300 victims of sex- 94.3% No change RIYADH—Prince Mohammed bin Salman nated to the United Arab Emirates. Michigan State agreed to ual abuse by Larry Nassar, the was a teenager when he realized his father, How the prince amassed his wealth exempli- American +27.8 pay $500 million to victims sports-medicine doctor it em- 82.1% Prince Salman bin Abdulaziz, was, by Saudi fies ways that the autocratic kingdom, essen- of sexual abuse by Nassar, ployed, a sum that is among royal standards, a pauper. tially a family business, continues to intermin- leaving unclear the univer- the largest for victims of abuse United 75.5% +10.7 While other sons of Saudi Arabia’s founder gle commercial ventures and Saudi sity’s future financial path. A1 and leaves unclear the future grew wealthy from government business, Sal- government connections to a degree far from Delta –2.2 Trump still plans to hold financial path for one of the 72.1% man, then the governor of this capital city, Western norms. While it’s been long known a summit with North Korean nation’s top public universities. supported his family with handouts from his the Saudi royal family keeps a share of the na- Alaska –12.1 leader Kim, U.S. officials said, 69.3% brother the king. Mohammed decided to tion’s oil income, other business dealings in- brushing off sharp comments By Douglas Belkin, change that, he later told associates. volving the family’s dominant branch have Note: The research, sponsored by CarTrawler, Nearly two decades later, Salman is king, been held more closely. from Pyongyang. A6, A7 Louise Radnofsky and Melissa Korn in March looked for two award seats on each and Mohammed bin Salman, known as MBS, is Among the connections: Prince Mohammed airline’s 10 busiest long routes and 10 busiest The Senate intelligence medium-length routes for 14 different the crown prince who says he wants to crack is managing director—and 20% owner—of a panel recommended Haspel Officials at the 50,000-stu- round-trip dates between June and October. down on corruption and remake the Saudi chemical producer that supplies large, state- as the next CIA director, clear- dent campus declined to say Source: IdeaWorks economy along more modern lines. Prince Mo- controlled firms, Saudi corporate filings ing the path for her confirma- how they would pay for the set- hammed is also fantastically wealthy. In recent showed as recently as last year. A company tion by the full chamber. A3 tlement, and it isn’t clear if years, he has acquired one of the world’s larg- Please see PLANES page A12 The Assad government they have figured out how. They took control of Syria’s largest declined to rule out raising tu- province, state media said, as ition or a state bailout, and they At the Disease Job Fair, Typhoid it pushed to capture remain- can’t use the university’s en- dowment. Michigan State’s in- ing rebel-held territory. A9 Battles E. coli for the Sickest Talent terim President John Engler Taliban insurgents gave also didn’t rule out bankruptcy iii World’s First up their bid to take over the in testimony before the Michi- capital of the western Af- gan State Senate in March.
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