Paramount Global is in talks about opening its books to a consortium of Sony Pictures and buyout firm Apollo Global Management interested in acquiring the U.S. media company, people familiar with the matter said on Wednesday. Doing so would pave the way for Apollo and Sony to firm up their $26 billion offer and challenge a rival bid from David Ellison's Skydance Media. A special committee of Paramount's board that is evaluating the company's options allowed an exclusivity period to lapse in its deal discussions with Skydance last week.
New Federal Reserve Chair Kevin Warsh may be boxed in as outgoing Chair Jerome Powell refuses to leave the Board of Governors, breaking with modern custom....
Boy Scouts trapped by fast-moving floodwaters on West Virginia's Cacapon River were rescued Saturday after being stranded on the wrong side of the river for roughly 45 minutes....